Philipp Hildebrand

From Forexpedia

Philipp Hildebrand was appointed Chairman of the Swiss National Bank on January 1, 2010. He replaced Jean-Pierre Roth, who had been serving as the head of the central bank since 2006.

In 2003, Hildebrand joined the Governing board of the SNB, where he was appointed as the Head of Department III, putting him in charge of Financial Markets, Banking Operations, and Information Technology. On May 1, 2007, he was elected as the Vice Chairman of the Governing Board, making him Head of Department II (Cash, Finance, Financial Systems, and Security).

As the Chairman of the SNB, Hildebrand is now the Head of Department I (Economic and International Affairs, and Legal and Property Services). As the head of the central bank, traders watch out for when he speaks at forums or when he is scheduled to deliver speeches, as he could drop hints as to what direction the SNB will take with regards to monetary policy and interest rates.