Martin Schlegel
Martin Schlegel | |
|---|---|
| Born | August 20, 1976 Switzerland |
| Occupation | Economist |
| Years active | 2003–present |
| Known for | Chairman of the Governing Board at the Swiss National Bank |
Martin Schlegel (born 20 August 1976) is an economist from Switzerland and currently serves as the Chairman of the Governing Board at the Swiss National Bank (SNB).
Education and professional background
Schlegel pursued his studies in economics at the University of Zurich, where he obtained his master's degree in 2003. He began his career at the SNB within the Research Unit and subsequently contributed to the Financial Market Analysis and Money Market departments. In 2009, he earned a doctorate in economics from the University of Basel, where he has held a position as an adjunct professor since 2010. Between 2015 and 2016, Schlegel acted as a specialist for the International Monetary Fund.
In June 2018, the Swiss Federal Council appointed him as an Alternate member of the SNB Governing Board. By May 2022, he advanced to Vice-Chairman and took charge of Department II. That same year, he delivered a presentation at the Forum for Financial Market Stability organized by the Financial Market Authority Liechtenstein.
Regarding the Acquisition of Credit Suisse by UBS in October 2023, Schlegel remarked: "We don't have a mandate to rescue a bank."
Following Thomas Jordan’s announcement of his resignation in March 2024, Schlegel was widely viewed as the frontrunner to become SNB Chairman. On 26 June 2024, the Federal Council officially named him Chairman, with his term commencing on 1 October 2024.
Personal details
Schlegel is married to Nicole Brändle, who currently leads HotellerieSuisse. She plans to resign in June 2025 to prevent any perceived conflict of interest after Schlegel’s elevation to director. The couple has three children.
Selected publications
- Schlegel, Martin. Implementation of Monetary Policy and the Money Market. Doctorate thesis, University of Basel, 2009.
- Kraenzlin, Sébastien, and Martin Schlegel. "Bidding behavior in the SNB's repo auctions." Journal of International Money and Finance, vol. 31, no. 2, 2012, pp. 170–188.
- Kraenzlin, Sébastien, and Martin Schlegel. "Demand for reserves and the central bank's management of interest rates." Swiss Journal of Economics and Statistics, vol. 148, no. 4, 2012, pp. 532–555.
- Jäggi, Adrian, Martin Schlegel, and Attilio Zanetti. "Macroeconomic surprises, market environment, and safe-haven currencies." Swiss Journal of Economics and Statistics, vol. 155, no. 1, 2019.