Jörg Fischer, the former chairman of the Swiss bank Vontobel, has been re-elected as chairman of SWX Swiss Exchanges, despite having been sacked from his role at Vontobel for alleged irregularities just a few months ago.

Fischer was re-elected by SWX shareholders despite the fact that the Swiss Banking Commission is investigating Vontobel and the circumstances of Fischer's departure. He was sacked in April after the collapse of y-o-u, Vontobel's internet venture.