After more than 12 years at the helm of the Swiss National Bank Chairman Thomas Jordan announced his resignation.
The Chairman of the Governing Board of the Swiss National Bank (SNB), Thomas Jordan, will resign at the end of September 2024, the SNB announced in a media release on Friday.
The Bank Council and the Governing Board greatly regret Jordan’s decision and express their sincere thanks for his many years of outstanding commitment in the interests of a stability-oriented monetary policy and for his excellent service to the SNB and the country.
Jordan joined the SNB in 1997. He became a Member of the Executive Committee in 2007; in 2010 he was appointed as Vice-President and in 2012 he succeeded Philipp Hildebrand as the President of the SNB.
Big Regret – Right Time?
In Thomas Jordan, a prominent figure is stepping down. The SNB deeply regrets his decision. He has been a defining influence on the SNB and its monetary policy for over a quarter of a century. During his time as Chairman, the SNB has fulfilled its mandate outstandingly well,» the SNB further said.
«Having met the various challenges of recent years now is the right time for me to step down. It has been a great privilege to serve the SNB and the interests of the country as a whole,» Jordan, 61, said. The SNB has not yet provided any information regarding the succession. However, it would be a very big surprise if the highly regarded Vice President Martin Schlegel did not succeed him.
More to come.
