2013 will go down in the history of Swiss Post: in 2013, Swiss Post ceased to be a federal public institution and became a public limited company with special legal status. The Confederation remains the full owner – but now in the role of shareholder. At the same time, PostFinance was demerged into a public limited company under private law, subject to regulation by FINMA. PostFinance now has a banking licence and a regulator that refl ects its true importance as one of Switzerland’s leading retail fi nancial institutions. The three subsidiaries, Post CH Ltd, Post-Finance Ltd and PostBus Switzerland Ltd now do business under the umbrella of the parent, Swiss Post Ltd. Post CH Ltd operates in the communication and logistics markets. It consists of four units: PostMail, PostLogistics, Swiss Post Solutions and Post Offices & Sales.