The Chairman of the Swiss National Bank’s Governing Board, Thomas Jordan, has informed the Bank Council that he will step down from his position at the end of September 2024.
Thomas Jordan, born in 1963, joined the SNB in 1997. As Head of Research, he initially played a pivotal role in the development of the new monetary policy strategy introduced at the end of 1999. In 2004 he moved to Department III as Alternate Member of the Governing Board, and in May 2007 he was appointed Member of the Governing Board. His time as Head of Department III came against the backdrop of the great financial crisis. His responsibilities included StabFund, the stabilisation fund created to take over illiquid assets from UBS.
At the beginning of 2010, Thomas Jordan took over the management of Department II as Vice Chairman of the Governing Board. In addition to the introduction of a macroprudential…
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