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.
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