Martin Schlegel (economist) explained

Martin Schlegel
Birth Name:Martin Reto Schlegel
Birth Date:20 August 1976
Alma Mater:
Vice-Chairman of the Governing Board of the Swiss National Bank
Term:2022-present
Boards:
  • the at the ETH Zurich
  • Schweizerische Gesellschaft für Konjunkturforschung (SGK)
Spouse:Nicole Brändle
Children:3

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

Education and business career

Martin Schlegel studied economics at the University of Zurich and completed his studies in 2003 with a master's degree.[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.[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.

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.[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. He will assume the position on 1 October 2024.[15] [16]

Personal life

Schlegel is married to Nicole Brändle, who's the current director of HotellerieSuisse.[17] They have 3 children together.

Publications

Notes and References

  1. Web site: SZ140015507 . 22 June 2023 . VIAF.org.
  2. Web site: Martin Schlegel, Vice Chairman of the Governing Board, Berne . 22 June 2023 . Swiss National Bank.
  3. Federal Council appoints Martin Schlegel as new Alternate Member of the SNB Governing Board . 4 July 2018 . . Berne/Zurich . live . https://web.archive.org/web/20230319190753/https://www.snb.ch/en/mmr/reference/pre_20180704/source/pre_20180704.en.pdf . 19 March 2023.
  4. Web site: UNIverse Research Portal of the UNIversity of Basel . 26 July 2024 . University of Basel.
  5. News: 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 . 11 June 2024 . . fr . 1423-3967.
  6. News: Hughes Neghaiwi . Brenna . 4 July 2018 . Swiss National Bank appoints new alternate governing board member . . Revill . John . 7 July 2023.
  7. News: 4 May 2022 . Bundesrat ernennt Martin Schlegel zum neuen SNB-Vizepräsident . de . Watson . 23 June 2023.
  8. News: 4 May 2022 . Martin Schlegel wird Vizepräsident der Nationalbank . de-CH . . 4 August 2023 . 0376-6829.
  9. Web site: Schlegel . Martin . 29 November 2022 . Popular, but under pressure – cash in the digital age . 23 June 2023 . . 254852271.
  10. Martin . Schlegel . SNB-Vize Martin Schlegel: «Wir haben kein Mandat, eine Bank zu retten» . 6 November 2023 . https://web.archive.org/web/20231029135013/https://www.blick.ch/wirtschaft/nationalbank-vizepraesident-zum-ende-der-credit-suisse-wir-haben-kein-mandat-eine-bank-zu-retten-id19088455.html . 29 October 2023 . live . . 28 October 2023 . Wir haben kein Mandat, eine Bank zu retten . subscription . de-CH.
  11. News: 1 March 2024 . Thomas Jordan: SNB-Präsident tritt Ende September zurück . Thomas Jordan: SNB Chairman to step down at the end of September . 1 March 2024 . Nau.ch . de.
  12. News: 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 . 6 June 2024 . . de-CH . 0376-6829.
  13. News: 1 March 2024 . Mehrere SNB-Experten sehen Martin Schlegel als Jordan-Nachfolger . Several SNB experts see Martin Schlegel as Jordan's successor . 6 June 2024 . watson.ch . de.
  14. News: Rohner . Peter . 1 March 2024 . Jordans Nachfolger? Martin Schlegel – SNB-Chef in spe . Jordan's successor? Martin Schlegel - SNB boss-to-be . 6 June 2024 . . de-CH.
  15. Federal Council appoints Martin Schlegel as Chairman of SNB Governing Board . 26 June 2024 . . 12 July 2024.
  16. SNB Governing Board: Martin Schlegel to become Chairman, Antoine Martin Vice Chairman and Petra Tschudin new Member . 26 June 2024 . . 12 July 2024.
  17. News: 30 January 2024 . Nicole Brändle wird neue Direktorin von HotellerieSuisse . 6 June 2024 . de.

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