60 seconds with … Roger Dürr

General Counsel & Chief Risk Officer, Roger Dürr, on the global and local trends that are impacting the share plan industry
60 Seconds lead image featureing Roger Durr

How can global trends towards one-size-fits-all share plan solutions be married with increasingly complex local regulation? Roger Dürr, who has amassed extensive experience in the financial industry and a vast knowledge of the equity-based compensation sector, tells us more about the trends that are currently shaping the industry.

Can you tell us a little more about your background?

After writing my PhD thesis on corporate and tax law, I spent five years at a prestigious international law firm, which specialised in large and complex transactions. In 2011, I joined UBS where I was responsible for, amongst other things, the legal and regulatory framework for the CEFS International Business – and this was the part of the business that was carved out as Equatex in 2015. I am now Chief Counsel for Equatex and responsible for the business’s regulatory and internal risk framework.

How has Equatex changed since 2015?

The fact that Equatex is a standalone niche company allows us to transform ourselves into a truly global company and to customise our product offering for our clients. We are also morphing from a single-entity to a multi-entity level matrix with different target operating models as we go live with Equatex UK, which will allow us to cater for more clients and their plan needs.

What do you think are the main challenges within the share plan industry?

Both the main challenges and opportunities arise from our unique offering, which consists of global administration services and related banking services. These two areas are seeing new (antagonistic) trends – on the administration side, there is a clear drive towards global, one-size-fits-all solutions; however, banking trends are local due to country-specific regulatory requirements as national governments try to protect their own local citizens and local banking systems. So there are global versus local trends. 

First, be authentic. Second, give people enough room in order to develop themselves and reach their own goals.

How can these global and local trends be reconciled?

It demands quite the balancing act, which comes down to finding a sensible global offering for clients which also adheres to local regulation. Equatex is one of the few players in the industry that is properly equipped and capable of fulfilling the specific needs of global companies.

Are there any other challenges in relation to regulation?

A global offering by design entails a high level of operational complexity. Local regulation dictates to a certain extent what is allowed and what isn’t. Given our size, operating globally means working with an international network of partner banks. Each of these partner banks is different so we need to design and communicate effectively and in a way that allows to efficiently execute the banking side of trading.

What is the most valuable leadership lesson you have learned in your career so far?

First, be authentic. Second, give people enough room in order to develop themselves and reach their own goals.

Outside of the office, what are your hobbies and passions?

Spending time with family and friends. I have two small children, aged four and seven, and in summer we play soccer, go hiking or sit around the pool.

If you could be anywhere else in the world right now, where would it be and why?

I travelled around the world in my twenties for almost two years and I went to many lovely spots, but I really enjoy living in Zurich. My wife is originally from Ecuador so every now and then we go there on holiday too.

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Communication team at Equatex AG
Equatex provides international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America.

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