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Tag Archives: Philipp Hildebrand

Former Swiss central banker throws in towel to lead OECD

Hildebrand had to concede defeat having failed to generate enough support for his candidacy. Keystone / Peter Klaunzer Former Swiss National Bank (SNB) chairman, Philipp Hildebrand, has pulled out of the race to become the next secretary-general of the Organisation for Economic Co-operation and Development (OECD). Hildebrand announced that he had withdrawn his candidacy on Twitter on Thursday evening. “It was a privilege and an honour to have been Switzerland’s...

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Cryptoasset start-up backed by Swiss banking heavyweights

Sygnum’s Swiss HQ is situated in the heart of Zurich’s banking district. Some of the doyens of the Swiss financial industry, including former Swiss National Bank president Philipp Hildebrand and ex-UBS CEO Peter Wuffli, have joined the cryptoasset revolution with new financial services operator Sygnum. The Swiss-Singapore enterprise announced itself suddenly on Thursday after operating in stealth mode for months. It is...

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Court Upholds Fines for Leaking ex-SNB Chairman’s Bank Details

Philipp Hildebrand was forced out of his post less than two years into his tenure as head of the Swiss central bank (Keystone) Switzerland’s highest court has imposed suspended fines on a local politician and a former bank worker for leaking the personal bank transactions of former Swiss National Bank (SNB) chairman Philipp Hildebrand. The leak forced Hildebrand to resign in 2012. On Wednesday, the Supreme Court ended a...

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“Mystery” Central Bank Buyer Revealed: SNB Now Owns A Record $84 Billion In US Stocks

In the second quarter of the year, one in which unlike in Q1 fund flows showed a persistent and perplexing outflow from US stocks and into European and Emerging Markets, a trading desk rumor emerged that even as institutional traders dumped stocks and retail investors piled into ETFs, a “mystery” central bank was quietly bidding up risk assets by aggressively buying stocks. And no, it was not the BOJ: the Japanese...

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