Francioni to become chairman of Swiss exchange

Reto Francioni, former deputy chief executive officer of Deutsche Börse and former chief executive officer of Consors Discount-Broker, the struggling German online brokerage, is to replace Jörg Fischer as chairman of the SWX Swiss Exchange.

The move will leave SWX in the unusual situation of having the former number two at Deutsche Börse running the business, pitching him against his old boss Werner Seifert, chief executive of Deutsche Börse.

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