Fritz Zurbruegg to join SNB Governing Board

Zurbruegg, 52, leaves his job as head of the federal budget office to join the SNB from August 1, filling a vacancy on the three-person governing board left by the resignation of Philipp Hildebrand over a currency trading scandal in January.

His appointment marks an attempt by the SNB’S supervisory board to find a candidate with a strong international network like Hildebrand, to complement the academic backgrounds of Chairman Thomas Jordan and Vice Chairman Jean-Pierre Danthine.

Used to weighing unpopular choices to balance the budget, Zurbruegg’s experience working in the Swiss capital in Berne should help him steer a course in his new job between demands from exporters for an even weaker franc and skepticism about the cap on the franc from right-wing politicians.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza