Liechtenstein Appoints New FMA President

by Ulrika Lomas, Tax-News.com, Brussels

03 October 2011

The Liechtenstein government has announced the appointment of Urs Philipp Roth-Cuony to the key position of president of the Principality’s Financial Markets Authority (FMA). Replacing Michael Lauber, former director of the Swiss Banking Association (SBA) Roth-Cuony is due to assume his position as the new head of the authority on January 1, 2012.

Delighted with the appointment of Switzerland’s Roth-Cuony, Liechtenstein’s Prime Minister Klaus Tschütscher emphasized the “immense” importance of the Financial Markets Authority for the Liechtenstein financial centre, and explained that Roth-Cuony’s appointment, given his international experience and the fact that he is a well-respected and competent individual, will serve to further strengthen the FMA.

Roth-Cuony was chairman of the board and chief executive officer of the SBA from 2001 to 2010. With a legal background, Roth-Cuony held various executive positions with the Swiss banking giant UBS from 1976 to 2001. With expertise in banking law, financial market regulation and corporate law, Roth-Cuony has also written in a number of publications on the topics of both banking and stock market law.

Congratulating the current head of the FMA Michael Lauber on his recent election as Swiss federal prosecutor in Bern, Liechtenstein’s Prime Minister Tschütscher thanked Lauber for his services to the financial centre and to the FMA. Tschütscher stated that, together with his colleagues at the authority, Michael Lauber was able in a very short period of time to adapt the Liechtenstein Financial Markets Authority both strategically and organisationally to the changing regulatory landscape, while also integrating the FMA into key international supervisory organizations.

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