Martin Schlegel

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Martin Schlegel
Schlegel Martin.jpg
Schlegel in 2020
Born
Martin Reto Schlegel

(1976-08-20) 20 August 1976 (age 48)
Alma mater
TitleChairman of the Governing Board of the Swiss National Bank
Term2024–present
Predecessor Thomas Jordan
Board member of
[1]
SpouseNicole Brändle
Children3

Martin Schlegel (born 20. August 1976) [2] is a Swiss economist and Chairman of the Governing Board of the Swiss National Bank (SNB). [1]

Contents

Education and business career

Martin Schlegel studied economics at the University of Zurich and completed his studies in 2003 with a master's degree. [1] [3] Subsequently, he joined the Research Unit at the SNB followed by positions in the SNB's Financial Market Analysis and Money Market units. While working, he obtained a doctorate in economics from the University of Basel in 2009. [1] [4] Since 2010, he has been an adjunct professor at the University of Basel. [5] In the years 2015 and 2016 Schlegel also worked as an expert for the International Monetary Fund. [5]

After a proposal from the SNB's Bank Council, Schlegel was appointed as an Alternate member of the SNB's Governing Board by the Swiss Federal Council in June 2018. [3] [6] In May 2022, the Federal Council appointed Schlegel as the Vice-Chairman of the Governing Board of the Swiss National Bank. This also made him Head of Department II of the SNB. [7] [8] Later that year he was a speaker at the Forum for Financial Market Stability held by the Financial Market Authority Liechtenstein. [9]

In an interview in October 2023 Schlegel, talking about the Acquisition of Credit Suisse by UBS, said: "We don't have a mandate to rescue a bank." [10]

After the announcement of Thomas Jordans resignation in March 2024, [11] Schlegel was seen as the favourite for his position as Chairman of the SNB. [12] [13] [14] On 26 June 2024 the Federal Council elected Schlegel as the new Chairman following the recommendation of the Governing Board. [15] [16] He assumed the position on 1 October 2024. [17]

Personal life

Schlegel is married to Nicole Brändle, who's the current director of HotellerieSuisse, [18] but will step down in June 2025 to avoid giving the impression of a conflict of interest with Schlegels promotion to director. [19] They have 3 children together. [12]

Publications

References

  1. 1 2 3 4 5 "Martin Schlegel, Chairman of the Governing Board, Zurich". Swiss National Bank . Retrieved 7 October 2024.
  2. ↑ Mehl, Matthias (25 August 2024). "Der Hüter des Frankens" . Bilanz (in German). Retrieved 26 November 2024.
  3. 1 2 "Federal Council appoints Martin Schlegel as new Alternate Member of the SNB Governing Board" (PDF) (Press release). Berne/Zurich: Swiss National Bank. 4 July 2018. Archived (PDF) from the original on 19 March 2023.
  4. 1 2 "UNIverse Research Portal of the UNIversity of Basel". University of Basel . Retrieved 26 July 2024.
  5. 1 2 Farine, Mathilde (4 May 2022). "La BNS choisit un homme du sérail pour succéder à Fritz Zurbrügg" [SNB chooses an insider to succeed Fritz Zurbrügg]. Le Temps (in French). ISSN   1423-3967 . Retrieved 11 June 2024.
  6. ↑ Hughes Neghaiwi, Brenna (4 July 2018). Revill, John (ed.). "Swiss National Bank appoints new alternate governing board member". Reuters . Retrieved 7 July 2023.
  7. ↑ "Bundesrat ernennt Martin Schlegel zum neuen SNB-Vizepräsident". Watson (in German). 4 May 2022. Retrieved 23 June 2023.
  8. ↑ "Martin Schlegel wird Vizepräsident der Nationalbank". Neue Zürcher Zeitung (in Swiss High German). 4 May 2022. ISSN   0376-6829 . Retrieved 4 August 2023.
  9. ↑ Schlegel, Martin (29 November 2022). "Popular, but under pressure – cash in the digital age" (PDF). Swiss National Bank . S2CID   254852271 . Retrieved 23 June 2023.
  10. ↑ Martin, Schlegel (28 October 2023). "SNB-Vize Martin Schlegel: «Wir haben kein Mandat, eine Bank zu retten»" (Interview) (in Swiss High German). Blick. Archived from the original on 29 October 2023. Retrieved 6 November 2023. Wir haben kein Mandat, eine Bank zu retten
  11. ↑ "Thomas Jordan: SNB-Präsident tritt Ende September zurück" [Thomas Jordan: SNB Chairman to step down at the end of September]. Nau.ch (in German). 1 March 2024. Retrieved 1 March 2024.
  12. 1 2 Fuster, Thomas (8 March 2024). "Martin Schlegel ist der Favorit für die Nachfolge von Thomas Jordan bei der SNB" [Martin Schlegel is the favorite to succeed Thomas Jordan at the SNB]. Neue Zürcher Zeitung (in Swiss High German). ISSN   0376-6829 . Retrieved 6 June 2024.
  13. ↑ "Mehrere SNB-Experten sehen Martin Schlegel als Jordan-Nachfolger" [Several SNB experts see Martin Schlegel as Jordan's successor]. Watson (in German). 1 March 2024. Retrieved 6 June 2024.
  14. ↑ Rohner, Peter (1 March 2024). "Jordans Nachfolger? Martin Schlegel – SNB-Chef in spe" [Jordan's successor? Martin Schlegel - SNB boss-to-be]. Handelszeitung (in Swiss High German). Retrieved 6 June 2024.
  15. ↑ "Federal Council appoints Martin Schlegel as Chairman of SNB Governing Board" (Press release). Federal Council. 26 June 2024. Retrieved 12 July 2024.
  16. ↑ "SNB Governing Board: Martin Schlegel to become Chairman, Antoine Martin Vice Chairman and Petra Tschudin new Member" (Press release). Swiss National Bank. 26 June 2024. Retrieved 12 July 2024.
  17. ↑ Revill, John (30 September 2024). "New Swiss central bank chief takes charge in shadow of Credit Suisse trauma". Reuters . Retrieved 9 October 2024.
  18. ↑ "Nicole Brändle wird neue Direktorin von HotellerieSuisse". htr hotelrevue (in German). 30 January 2024. Retrieved 6 June 2024.
  19. ↑ Gilb, Christopher (5 September 2024). "Interessenskonflikt: Neue Hotelleriesuisse Direktorin tritt zurück wegen ihres Mannes". Tages-Anzeiger (in German). Retrieved 6 September 2024.
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