Switzerland's central bank is putting a rising star into pole position and adding members to its wider governing board.
The Swiss National Bank's (SNB) governing board is appointing Martin Schlegel, as vice-chairman, effective August 1, replacing Fritz Zurbruegg who will step down at the end of July, the SNB said in a statement. Wednesday.
Schlegel has been a member of the central bank's enlarged governing board since September 2018. His previous remit included divisions covering the secretariat general, economic affairs, international monetary cooperation and statistics, among others, for which he reported to SNB chairman Thomas Jordan.
Schlegel began his career at the SNB in 2003 in the research department of the bank. Since then he held several managerial positions, becoming head of the foreign exchange and gold unit in 2009. In 2016, he was appointed to head the SNB's branch office in Singapore and also worked as an expert for the International Monetary Fund (IMF) in 2015 and 2016.
«Given the challenges for monetary policy in the current environment, ensuring continuity with regard to the responsibilities in the governing board is of pivotal importance», according to the statement.
Alternate Members
The SNB also announced that Petra Gerlach and Attilio Zanetti will become alternate members of the governing board. Gerlach joined the bank in 1994 as a research assistant and worked as an economist until 2009 when she went to work for the Bank for International Settlements in Dublin. She returned to the SNB in 2014, becoming head of the monetary policy division in 2017, and served as deputy head of the economic affairs division since October of 2020.
Zanetti, also an economist, joined the SNB in 1994 and went on to become head of the economic analysis unit. In April 2020 he was appointed head of the international monetary cooperation division.
Two current alternate members of the governing board, Dewet Moser and Thomas Moser will remain in their position, the SNB said.
