Saurichthys, characterized by a long slender body and an elongated rostrum, is one of the most iconic genera of Late Paleozoic–Early Mesozoic fishes. The genus was particularly speciose in the Triassic, with a global distribution in both marine and freshwater habitats. Here, we describe two new species from the Middle Triassic Besano Formation of Monte San Giorgio, Switzerland, Saurichthys breviabdominalis sp. nov. and Saurichthys rieppeli sp. nov. S. breviabdominalis is characterized by a proportionately long operculum, short abdominal region and rib-like mid-lateral scales, whereas S. rieppeli is divergent from other Middle Triassic saurichthyids in the block-like haemal arches, fringing fulcra on the pelvic and unpaired fins, and reduction of the squamation to a single row in the abdominal region. Phylogenetic analysis places S. rieppeli in a basal position relative to congeners from the Alpine Triassic, and supports previous hypotheses regarding the convergent evolution of reduced squamation within saurichthyids. S. breviabdominalis forms a monophyletic group with species from the same locality, suggesting divergence in sympatry. This finding has implications for our understanding of disparity and character evolution in saurichthyid fishes, as well as ecomorphological divergence and resource partitioning between closely related fishes in Triassic marine ecosystems. © 2015 The Linnean Society of London