The Swiss government on Wednesday appointed Thomas Jordan as the new president of the Swiss National Bank.
He will take office effective immediately and will take over management of Department I, the central bank said in a statement.
Jordan has been acting as interim chairman of the SNB since Philipp Hildebrand stepped down in January over the controversial currency trade made by his wife weeks before the central bank capped the currency.
Earlier in the day, the SNB decided to strengthen rules applicable to private financial transactions of its staff.
The Federal Council appointed Jean-Pierre Danthine as Vice Chairman of the Governing Board. Now he is a member of the Governing Board and Head of Department III.
Fritz Zurbrugg has been appointed to the Governing Board of the central bank. Zurbrugg, who is Director of the Federal Finance Administration, will take over management of Department III from August 1.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.