Markus Schwab is leaving his position as CEO of Yuh after
four years. The company announced the change on its LinkedIn page. Schwab will
join Berner Kantonalbank to lead their new IT Management and Value Streams
department. This role places him within BEKB’s executive management team.
The move comes after Swissquote
acquired the remaining 50% stake in the digital finance platform Yuh from
PostFinance, gaining full ownership of the venture originally launched in 2021.
PostFinance Veteran Moves to BEKB
Before joining Yuh, Schwab worked at PostFinance for nearly
two decades. His roles there included Chief Business Officer for Digital First
Banking, a position he held for a few months. He also served as Head of Program
Digital Transformation and Deputy Head of Business Development for almost four
years in Bern, Switzerland.
Earlier, he worked as Delivery Manager and Deputy Head Core
Banking Transformation for over five years. Schwab began his career at
PostFinance as a Senior Program Manager, a role he held for more than ten
years.
You may find it interesting at FinanceMagnates.com: Swissquote
Ends Directorship of Head of Sales and Operations Michela Pollini.
👋 We wish “Yuh” well: PostFinance has sold its participation in the joint venture Yuh to Swissquote. In future, we will focus even more strongly on our core business and customer satisfaction. Go to the press release: pic.twitter.com/af2bs2V79z
— PostFinance (@PostFinance) July 4, 2025
Swissquote Urged to Strengthen Controls Amid Cyber
Threats
Meanwhile, Swissquote has been asked by Switzerland’s
financial regulator, Finma, to tighten
controls around suspicious activity following a rise in fraud and cyber attacks.
The directive, issued earlier this year, urges Swissquote to
lower the number of cases reported to the money laundering office. Finma paid
close attention to the Yuh app.
CEO Marc Buerki said over 600 fake websites have been
identified in 2025, many linked to AI-driven threats. Finma has warned of
rising cybercrime, with attacks up 30% year-on-year. The warning follows recent
data breaches in the region, including a major UBS-linked leak.
This article was written by Tareq Sikder at www.financemagnates.com.
