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First female appointed to Swiss National Bank board

The Swiss cabinet has appointed Andrea Maechler as the first female member of the governing board of the Swiss National Bank (SNB). She will replace Jean-Pierre Danthine, who retires next June. Maechler, 45, currently works as deputy division chief in the Capital Markets Department at the International Monetary Fund. She will be the first woman to join the national bank’s governing body since it was founded in 1907. The cabinet said in a statement that she had been chosen for her “proven skills”. “In over 16 years of professional activity, she has acquired a deep knowledge of international monetary affairs and of financial stability,” it said. She has worked for the Organisation for Economic Co-operation and Development, the UN Conference on Trade and Development, the World Trade Organization and the European Systemic Risk Board. She will head the SNB department responsible for the bank’s cap on the Swiss franc versus the euro. Fritz Zurbruegg, who’s been on the ... Show more

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