Governing Board

  • Members of the Governing Board

  • Thomas J. Jordan, Chairman of the Governing Board, Zurich

    Thomas J. Jordan was born in Bienne, Switzerland in 1963. He studied economics and business studies at the University of Berne, completing his degree in 1989 and his doctorate in 1993. He wrote his post-doctoral thesis (Habilitation) during a three-year post-doctoral research period at the Department of Economics at Harvard University in Cambridge, Massachusetts, USA. The University of Berne appointed him lecturer (Privatdozent) in 1998 and honorary professor in 2003. He lectures there in monetary theory and policy.

    In 1997, Thomas J. Jordan joined the Swiss National Bank (SNB) in Zurich as an Economic Advisor in Department I. Two years later, he was appointed Assistant Director of the Economic Studies unit, and in 2002 he became Head of the Research unit. At the beginning of 2004, he was promoted to Director. With effect from mid-2004, the Swiss Federal Council appointed him an Alternate Member of the Governing Board. In this function, he headed the Financial Markets unit in Department III (Money Market and Foreign Exchange, Asset Management, Risk Management and Financial Market Analysis). Effective May 2007, he was appointed Member of the Governing Board by the Federal Council. At the same time, he became Head of Department III (Financial Markets, Banking Operations and Information Technology). With effect from the beginning of 2010, the Federal Council appointed him Vice-Chairman of the Governing Board and he took over management of Department II in Berne (Financial Stability, Cash, Finance and Risk). On 18 April 2012, Thomas J. Jordan was appointed Chairman of the Governing Board by the Federal Council and thereby also Head of Department I in Zurich (Economic Affairs, International Monetary Cooperation, Legal and Property Services, Secretariat General). He was Chairman of the Board of Directors of the SNB's 'StabFund', the stabilisation fund, from its foundation in 2008 until it was wound up in 2013.

    Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basle and the Steering Committee of the Financial Stability Board (FSB). He is the Governor of the International Monetary Fund (IMF) for Switzerland, and also Chairman of the G10 Central Bank Counterfeit Deterrence Group (CBCDG). Thomas J. Jordan is a member of the Advisory Board of the Department of Economics at the University of Zurich as well as a member of the Board of Trustees of the ETH Zurich Foundation. He has published numerous articles on monetary theory and policy in leading international journals.

    Relevant affiliations in the past five years

    None

  • Martin Schlegel, Vice Chairman of the Governing Board, Berne

    Martin Schlegel, born in 1976, graduated in economics from the University of Zurich in 2003, and thereafter joined the Research unit at the SNB. From 2004 to 2009 he worked as an economist in the Financial Market Analysis and Money Market units. He received his doctorate in economics from the University of Basel in 2009 and took over as head of the SNB's Foreign Exchange and Gold unit the same year.

    Martin Schlegel was appointed head of the SNB's branch office in Singapore in 2016, and has been a member of the Investment Committee at the SNB since 2011. He has been a lecturer in applied monetary policy at the University of Basel since 2010, and in 2015/2016 worked as an expert for the International Monetary Fund.

    The Swiss Federal Council appointed Martin Schlegel to the position of Alternate Member of the Governing Board in Department I (Secretariat General, Economic Affairs, International Monetary Cooperation, Statistics, Legal Services, Compliance, Internal Audit, Human Resources, and Premises and Technical Services) in Zurich with effect from 1 September 2018.

    With effect from 1 August 2022, the Swiss Federal Council appointed Martin Schlegel Vice Chairman of the Governing Board, and thereby also Head of Department II (Financial Stability, Cash, Finance and Risk) in Berne.

    Martin Schlegel is a member of the Executive Committee of the KOF Swiss Economic Institute at ETH Zurich and a member of the Executive Board of the SGK Society for Economic Research.

    Relevant affiliations since taking up office in 2022

    None

  • Andréa M. Maechler, Member of the Governing Board, Zurich

    Andréa M. Maechler was born in Geneva in 1969. She studied economics at the University of Toronto, and then at the Graduate Institute of International Studies in Geneva, where she obtained her Master's in International Economics. Following a period of study at the Institute of Advanced Studies in Public Administration in Lausanne, she obtained her PhD in International Economics from the University of California, Santa Cruz in 2000.

    Andréa M. Maechler's early career took her to the Organisation for Economic Co-operation and Development (OECD), the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO). From 1999 to 2001, she worked as an economist in the Swiss National Bank's (SNB) Financial Stability unit in Zurich. She then moved to the International Monetary Fund (IMF), where she occupied a number of senior positions in the Africa, Monetary and Capital Markets, Western Hemisphere and Strategy, Policy and Review departments. From 2012 to 2014, during a sabbatical from the IMF, she worked for the European Systemic Risk Board (ESRB) in Frankfurt. Upon returning to the IMF, she was appointed as Deputy Division Chief in the Global Markets Analysis Division. The functions of this division include monitoring global capital markets, and assessing systemic risks and the macrofinancial impact of capital market developments.

    With effect from 1 July 2015, the Swiss Federal Council appointed Andréa M. Maechler as Member of the SNB's Governing Board - the first woman to occupy a Board position. At the same time, she became Head of Department III (Money Market and Foreign Exchange, Asset Management, Banking Operations, Information Technology).

    Andréa M. Maechler is a member of the Advisory Board of the Department of Banking and Finance at the University of Zurich.

    Relevant affiliations in the past five years

    None