Martin Schlegel appointed as new Swiss National Bank chief - Breaking The News

Martin Schlegel appointed as new Swiss National Bank chief

26 June

1 min read

EPA-EFE/MICHAEL BUHOLZER

Martin Schlegel has been appointed as the new president of the Swiss National Bank (SNB), succeeding Thomas Jordan on October 1, officials said in a statement on Wednesday.

Schlegel, currently the institution's vice president, has been with the SNB for over two decades. After today's decision, he will become the second-youngest chief in the SNB's history.

Jordan, who led the SNB through crises such as the COVID-19 pandemic and the Credit Suisse collapse, steps down after twelve years.

jordan snb schlegel

SNB: Economic outlook more uncertain

26 March

The Swiss National Bank (SNB) warned in its quarterly bulletin published on Wednesday that the economic outlook for Switzerland and the rest of the world has become "considerably more uncertain" amid the ongoing geopolitical crises around the globe and the tariffs on foreign goods that United States President Donald Trump has either already introduced or is planning to impose.The SNB described those as "the main risk" to Switzerland's gross domestic...

SNB reduces interest rate by 25 bps to 0.25%

20 March

The Swiss National Bank (SNB) announced on Thursday its decision to cut its policy rate by 0.25 percentage points to 0.25%, effective March 21, 2025.In its statement, the bank stressed that the move is "ensuring that monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation. The SNB will continue to monitor the situation closely and adjust its monetary policy if necessary, to ensure that...

SNB posts record 80.7B Swiss franc profit

3 March

The Swiss National Bank (SNB) reported on Monday a record annual profit of 80.7 billion Swiss francs for 2024, marking a recovery from its 3.2 billion Swiss franc loss in 2023.The latest figure surpasses the SNB's previous profit of 54 billion Swiss francs in 2017. The central bank, which manages Switzerland's foreign currency reserves, benefited from global financial market trends.According to the report, the record surge was driven by a 67.3 billion Swiss franc...

Zurich Insurance adds ex-SNB chief Jordan to its board

20 February

Zurich Insurance Group announced on Thursday its nomination of former Swiss National Bank Chairman Thomas Jordan for election to its board of directors.Jordan stepped down from the Swiss National Bank in September 2024 after serving as its chairman for twelve years.During his tenure, he played a key role in steering Switzerland's monetary policy through major economic challenges, including the negative interest rate policies and the COVID-19...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.