Martin Schlegel named new Swiss National Bank chairman

Martin Schlegel has been appointed as the new Chairman of the Governing Board of the Swiss National Bank, succeeding Thomas Jordan, who led the SNB since April 2012. Schlegel, who has been with the SNB since 2003, was considered a logical successor due to his experience and rise through the ranks within the organization. The appointment of Schlegel, despite being perceived as young and not aligning with current diversity expectations, has been supported by the Federal Council and is seen as a positive development by some experts. His international experience and economic expertise position him well for the role, which he will assume on October 1, 2024, while Antoine Martin will take over as Vice Chairman of the Governing Board.