Hildebrand takes on top job at Swiss central bank

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Philipp Hildebrand

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Thomas Jordan

Zurich, Switzerland (GenevaLunch) – Philipp Hildrebrand, age 46, 8 April was named chairman of the Governing Board of the Swiss National Bank (SNB), effective 2010, taking charge at that point of the SNB’s Department I, with responsibility for economic affairs, international affairs, legal and property services, and support functions. He will take over from Jean-Pierre Roth, who retires at the end of 2009. Thomas Jordan, also 46, was named vice-chairman. A new member of the Board has been named: Jean-Pierre Danthine, from Vaud, who heads the Swiss Finance Institute.

Hildebrand joined the Swiss National Bank Governing Board in July 2003, following an international university education and a professional career in the financial sector and asset management. The Swiss Federal Council appointed him vice-chairman of the SNB Governing Board in May 2007. He has been active in several international financial groups, including serving as chairman of the Deputies of the Group of Ten (G10) until 2007 and since early 2009 as chairman of the OECD’s Working Party No. 3. He is also president of the International Center for Monetary and Banking Studies (ICMB) in Geneva and a member of the Group of Thirty.

Jordan is an honorary professor at the University of Berne where he teaches monetary theory and policy. He has been, since November 2008, chairman of the Board of Directors of the SNB’s stabilization fund, which was set up to realise illiquid UBS assets.

Jean-Pierre Dantine has a wide international banking background: he taught at Columbia University in New York and was a visiting professor at the Graduate Center of the City University of New York, the University of Southern California in Los Angeles and the Université Laval in Québec. He has been managing director of the Swiss Finance Institute since it was created in 2005. The Swiss Finance Institute aims to be a leading research and teaching organization in the area of banking and finance, and it cooperates closely with Switzerland’s top universities. Danthine is also a research fellow at the Centre for Economic Policy Research in London. He will head the SNB’s Department III in Zurich, which is responsible for financial markets, banking operations and information technology.

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