Swiss export insurer credit agency Serv has appointed Peter Gisler as its new director, effective from January 1, 2017. Gisler will succeed Herbert Wight, who is retiring at the end of the year.

Gisler will join Serv from engineering company ABB, where he is currently the global head of export and trade finance and oversees letters of credit and guarantees, short- term trade management and customer finance.

Prior to ABB, Gisler held various positions in export financing at UBS as well as being on the board at Aargauische Kantonalbank.

“The board is convinced that Gisler has all the qualifications necessary to successfully develop Serv in a challenging environment ensuring it can continue to optimally support the Swiss export industry in international competition,” says Serv in a statement.

“He is familiar not only with the perspective of the industry but also with that of the financing banks. He has proven his leadership competencies in managing teams and departments both in Switzerland and abroad.”