Battered Bafin’s new boss Branson

IT TOOK Olaf Scholz weeks to persuade Mark Branson to take the job as the next head of BaFin, Germany’s financial regulator. He was offering less pay for a bigger and tougher job than Mr Branson’s current role as boss of Finma, the Swiss financial watchdog. But in the end Germany’s finance minister won over the 52-year-old Briton, who perfectly fits his idea of the next BaFin boss: an outsider with international experience who knows the banking industry. Before joining Finma in 2010, Mr Branson worked for UBS and Credit Suisse.