The government reappointed the three directors of the Swiss National Bank as well as their back-ups for another six-year term. The move telegraphs continuity in in an era of economic and policy turmoil.
Thomas Jordan, Fritz Zurbruegg, and Andréa Maechler were reelected by the Swiss government for another term from 2021 until 2027 running the Swiss National bank, the government said in a statement. It reappointed the three Swiss policymakers' deputies, Martin Schlegel, Dewet Moser, and Thomas Moser, in their jobs.
The government also appointed Romeo Lacher, chairman of private bank Julius Baer, as deputy chairman of the SNB's supervisory board, effective May 1 provided he is elected by shareholders at an April 30 meeting. His term as well as that of Christoph Maeder, who runs business lobby Economiesuisse, runs until 2024.
Investor Say-So
The replacements follow the exits of Olivier Steimer, former chairman of Banque Cantonale Vaudoise, who hit term limits, and Heinz Karrer, current head of Economiesuisse who plans to leave the Swiss business lobby in April.
The supervisory body is made up of 11 members who serve four-year terms. The government appoints six of them, while the shareholders of the central bank – one of a handful in the world to be publicly listed – elect the remaining five. The Swiss government appoints the chairman and vice-chairman.
