– Martin Schlegel appointed head of the Swiss National Bank
After a decade under the leadership of Thomas Jordan, the Federal Council has appointed Martin Schlegel as Chairman of the Board of Directors.
Published: 06/26/2024, 3:07 p.m.
Martin Schlegel appointed Chairman of the Board of Directors of the SNB.
KEYSTONE
Subscribe now and enjoy the audio playback feature.
BotTalk
Martin Schlegel was appointed by the Federal Council on Wednesday as Chairman of the Governing Board of the Swiss National Bank (SNB), the Vice-President succeeding Thomas Jordan, who has headed the Swiss central bank since April 2012.
Antoine Martin will take over the role of vice-president and Petra Tschudin, until now an alternate member, will join the general management, announced the Federal Department of Finance (FDF) in a press release.
Mr. Jordan joined the SNB in Zurich in 1997 and was appointed member of the general management in May 2007. The Biennois took the reins of the Swiss Central Bank in April 2012, then in crisis following the resignation of Philipp Hildebrand. The latter was forced to resign following controversial currency transactions carried out by his then wife.
The lifting of the floor rate between the franc and the euro in 2015 was one of the highlights of Mr. Jordan’s presidency, while the crisis caused by the Covid-19 pandemic and the fall of Credit Suisse marked the end of the mandate.
Defending for many years, against all odds, an ultra-accommodating monetary policy which drew the wrath of the banking sector in Switzerland, the outgoing president of the SNB put an end in September 2022 to the negative interest rates that he had itself introduced in 2015.
“Latest news”
Want to stay on top of the news? “Tribune de Genève” offers you two meetings per day, directly in your email box. So you don’t miss anything that’s happening in your canton, in Switzerland or around the world.
Other newsletters
To log in
ATS
Did you find an error? Please report it to us.
3 comments
