Central Banks
Swiss Franc Czar Is Sought for Heart of SNB’s Crisis Machine
- Candidate from non-German-speaking canton may be needed
- Critics of Jordan push for SNB outsider to be appointed
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With Switzerland’s banking crisis barely subsided, the country’s central bank will soon need to find a successor to one of the key players behind the scenes.
Andrea Maechler, the governing board member in charge of markets, has only one quarterly interest-rate decision left at the Swiss National Bank and is set to deliver what may be one of her final speeches on Thursday. She will depart at the end of June to become deputy chief at the Bank for International Settlements.