Categories: Market

Drop shortly before resignation: SNB Chairman Thomas Jordan will earn less in 2023

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SNB President Thomas Jordan will resign in September 2024. (archive image)

Thomas Jordan (61) still there until the end of September; His final annual salary as Governor of the Swiss National Bank (SNB) has now been fully disclosed. His total salary was 982,000 francs. This is 54,000 francs less than the previous year.

According to the annual report published on Tuesday, the SNB President’s salary, including social contributions, reached 1.3 million francs. As it is known, Jordan will leave his post in September 2024. He has been with the SNB since 1997 and led the Central Bank through the removal of the minimum exchange rate for the euro in 2015 and the Credit Suisse crisis last year.

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Martin Schlegel (47), who has served as Vice President since August 2022 and replaced Fritz Zubrügg, received the same basic compensation as Jordan (CHF 1,256 million with social contributions) of CHF 0.98 million.

At the end of June 2023, board member Andréa Maechler (55) also resigned. During the six months he spent at the SNB, he received a total salary of 0.839 million francs, including social contributions. At that time, Maechler moved to the Bank for International Settlements (BIS) in Basel.

Maechler’s successor is Antoine Martin. However, he only took over management of III at the beginning of 2024. National Bank Department, mostly located in Zurich. It includes money market and foreign exchange trading, asset management, operational banking and IT, as well as a Singapore branch. (SDA)

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Source :Blick

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