Stefan Marc Schmid succeeds Achim Bauer as Insurance Leader at EY Switzerland
- Stefan Marc Schmid took up his new role at the end of January 2017
- He succeeds Achim Bauer, who is to focus on his role as Advisory Leader for Germany, Switzerland and Austria
- Aside from auditing, EY to offer transformation advisory services for the insurance industry as well – end-to-end, from strategy to implementation
ZURICH, 17 FEBRUARY 2017 – Stefan Marc Schmid is the new Market Segment Leader Insurance within EY Switzerland’s Financial Services Clients division. The Management Committee appointed the 40-year-old Swiss national at the end of January 2017. Schmid succeeds Achim Bauer, who is to focus on his role as Advisory Leader for the Germany, Switzerland and Austria region. Schmid joined EY in 2001 and was appointed Audit Partner in 2010.
Stefan Marc Schmid has the task of further expanding EY’s services for insurance companies, health insurers and reinsurers, and continuing EY’s growth story in this industry. He will further develop the expertise in his team and align it to the changing needs of insurers. The certified auditor and business economist is ideally qualified for the role, having already led large-scale audit engagements for various companies in the sector and managed a number of major transformation projects.
Development potential in audit and advisory
“In our traditional services, such as audit and tax advisory services, we are increasingly reliant on state-of-the-art technologies and data analytics. As such we offer our clients not just security but also clear added value. The EU’s new rules on audit rotation will also lead to more frequent switching of auditors in Switzerland. We are keeping a particularly close eye on the opportunities that this presents,” said Stefan Marc Schmid.
Schmid will also further refine the integrated transformation advisory services model for insurance clients. “We have already had a great deal of success in financial and risk transformation, and will play an even more intensive role in both strategic advisory services and concrete change implementation. In this way, we can provide clients with comprehensive advisory services to support them in the transformation process brought about by digitization. Stefan Marc Schmid is the right man to help expand EY’s transformation advisory services successfully into the insurance sector,” explained EY CEO Marcel Stalder.
“I am very much looking forward to the additional responsibilities and the intensive cooperation with a team that I am already very familiar with. We have in the pipeline challenging client projects in a rapidly changing industry that will provide us with opportunities to continue growing. I am particularly motivated by EY’s strong and open corporate culture and enriching international environment,” said Schmid.
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EY’s organization is represented in Switzerland by Ernst & Young Ltd, Basel, with ten offices across Switzerland, and in Liechtenstein by Ernst & Young AG, Vaduz. In this publication, “EY” and “we” refer to Ernst & Young Ltd, Basel, a member firm of Ernst & Young Global Limited.