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Martin Schlegel

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Swiss economist (born 1976)

Martin Schlegel
Schlegel in 2020
BornMartin Reto Schlegel
(1976-08-20) 20 August 1976 (age 48)
Alma mater
TitleChairman of the Governing Board of the Swiss National Bank
Term2024–present
PredecessorThomas Jordan
Board member of
SpouseNicole Brändle
Children3

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

Education and business career

Martin Schlegel studied economics at the University of Zurich and completed his studies in 2003 with a master's degree. 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. Since 2010, he has been an adjunct professor at the University of Basel. In the years 2015 and 2016 Schlegel also worked as an expert for the International Monetary Fund.

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. 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. Later that year he was a speaker at the Forum for Financial Market Stability held by the Financial Market Authority Liechtenstein.

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."

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

Personal life

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

Publications

References

  1. ^ "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. ^ "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. ^ "UNIverse Research Portal of the UNIversity of Basel". University of Basel. Retrieved 26 July 2024.
  5. ^ 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. ^ 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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