After twelve years of oblivion, former UBS pilot Marcel Runner (57) is back on the big stage. Surprisingly, the Bankers Association elected its president on Wednesday. The man, whose name is closely related to the largest banking crisis in Switzerland, becomes the largest representative of the bank in the country.
Rohner was not entirely far from the financial sector, but since his involuntary departure from UBS, he has played twice in a lower role. He is Vice President of the Geneva Private Bank UBP and is a mid-sized asset manager. He is a member of the board of directors of Helvetische Bank, whose total assets are nearly 2,000 times less than UBS’s.
SVP connection to Matter and Aeschi
But the people behind the mini-institute matter: Helvetische Bank is a stronghold of the Senior Vice President. The founder is Senior Vice President National Counsel Thomas Matter (55), with Thomas Echey (42) chair of the SVP Parliamentary Group and is also a member of the Board of Directors. Mater confirms that the directors were chosen only because of their professional competence. Virtual reality is not a political body.
But in his fiscal policy stances, Mater remains on the party’s position: he rejects the framework agreement with the European Union. “It would mean a huge regulatory boost for local banks,” he says. “The big banks don’t need it, they have branches abroad.”
In so doing, it represents a fundamentally different position from the Bankers’ Association. Outgoing President Herbert Scheidt (70) and General Manager Jörg Jasser (52) aim to conclude a financial services agreement with the European Union. This requires a framework agreement. Carbon dioxide was also fought by the Senior Vice President2-Geetz supports assembly.
Will it get to an acid test?
How does Runner’s mandate at Helvetische Bank fit into his new job? Is the bankers association heading to acid testing the same as the insurance association? Its president, Rolf Dorig (63), is close to the Senior Vice President and fiercely opposed to the Framework Agreement. This led to a sensation last fall: Axa Winterthur, Switzerland’s second-in-command, resigned from the association in protest against Durg.
Runner doesn’t want to express himself publicly until he officially takes office in September. The Bankers Association affirms that he is not affiliated with any political party. It’s not the president, but the board as a whole that decides the political situation, says spokeswoman Monica Dunant.
Runner will have to explain himself
As president of the Asset Management Banks Association (VAV), Runner has also spoken in favor of the framework agreement with the European Union. In fact, in the introduction to the 2019 Annual Report, Runner lamented that this file has been discontinued.
As the biggest banker, Runner will have to explain his position. So far, it has not attracted any eloquent voices. His problem with the UPS crisis was the lack of leadership. He could not stand it in his new job.