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.

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.

Source: Finance Magnates