Favorite elected Martin Schlegel becomes new SNB Chairman
The Federal Council has reappointed the new head of the SNB. As expected, Martin Schlegel will become Chairman and Petra Tschudin will become a new member of the Governing Board. Antoine Martin will take over Schlegel's previous post of Vice-Chairman.
26.06.2024, 15:02
26.06.2024, 15:04
SDA
Schlegel succeeds Thomas Jordan. Jordan has headed the SNB since April 2012 and will step down at the end of September 2024. Schlegel is considered Jordan's "foster son" and was the logical successor for many observers.
Martin Schlegel has worked at the SNB since 2003. He rose through the ranks step by step until he was elected to the SNB's three-member Governing Board as Vice Chairman in 2022.
Thomas Jordan joined the SNB in 1997 and was appointed a member of the Governing Board in May 2007. The Biel native then took over the leadership of the SNB in April 2012, which was in crisis following the resignation of Philipp Hildebrand. Hildebrand had been forced to resign due to controversial foreign exchange transactions by his then wife.
Numerous events
The lifting of the Swiss franc-euro minimum interest rate limit in 2015, introduced by his predecessor Hildebrand in 2011, was one of the outstanding events during Jordan's presidency. With the introduction of negative interest rates in 2014 and their abolition in 2022, he made other spectacular decisions.
The Covid crisis and the uncomplicated provision of liquidity for the SME loan program also took place during his term of office. The end of the Jordan era was marked by the collapse of Credit Suisse and its takeover by UBS.