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| Joint media release by SWX Group, SIS Group and Telekurs Group |
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| Zurich, 30 December 2007 – Birth of Swiss Financial Market Services AG. SWX Group, SIS Group and Telekurs Group complete merger effective 1.1.2008. |
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Factsheet:
Overview of the infrastructure of the financial marketplace
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Switzerland’s financial market infrastructure has been reorganised. Effective 1 January 2008, the SWX Group, SIS Group and Telekurs Group will be combined into a single entity: Swiss Financial Market Services AG. With this step, the Swiss financial center has created the conditions which, thanks to first-rate services in the areas of securities trading, clearing and settlement, payment transactions and market data, will strengthen ever further its competitiveness and innovative power and maintain long-term Swiss sovereignty over the country’s financial market infrastructure (see also joint media release dated 12.9.2007: http://www.swxgroup.com/download/media_releases/2007/media20070912_en.pdf).
In particular, this reorganisation of the infrastructure enables new services to be rendered across the entire value chain, as well as a further increase in efficiency. Swiss Financial Market Services will therefore strive to play a leading role in terms of quality, price and innovation in the services it renders. The new enterprise is owned solely by its users, which in turn ensures that customer interests will be the focal point of all decisions. The ownership structure, which is cemented for the long term by a shareholders agreement, ensures stability and reliability in the years to come.
Prof. Dr. Peter Gomez, Chairman of the Board of SFMS, commented on this step by stating: «By merging Switzerland’s financial market infrastructure, we are fostering customer orientation and innovation, heightening efficiency, and contributing to the reinforcement of Switzerland as one of the world’s most important financial centres.»
For additional information (fact sheet, presentation and CVs of the Board of Directors and Group Executive Committee): http://www.swxgroup.com/news_en.html
For further inquiries:
Werner Vogt
Media Spokesman SWX Group
Telephone: +41(0)58 854 26 75
Fax: +41(0)58 854 27 10
E-mail: pressoffice@swx.com
Ursula Seeberger
PR & Communication
SIS Swiss Financial Services Group AG
Telephone: +41(0)44 288 45 61
Fax: +41(0)44 288 5562
E-mail: ursula.seeberger@sisclear.com
Bernhard Wenger
Media Spokesman Telekurs Group
Telephone: +41(0)44 279 22 20
Fax: +41(0)44 279 23 36
E-mail: bernhard.wenger@telekurs.com
SWX Group
The SWX Group ranks among Europe's pre-eminent providers of securities exchange services and offers its customers a comprehensive range of solutions for the domestic and crossborder trading of securities.
www.swxgroup.com
SIS Swiss Financial Services Group AG (SIS Group)
SIS Swiss Financial Services Group AG, a holding company that renders services to the securities industry, is the parent company of four operating units: SIS SegaInterSettle AG, SIS x-clear AG, SAG SIS Aktienregister AG and SIS Systems AG.
www.group.sisclear.com
Telekurs Group
The Telekurs Group is an internationally active service company primarily focused on card-based payment transactions, electronic payment systems and international financial information.
www.telekurs.com
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