Philipp Hildebrand
| Philipp Hildebrand | |
| Occupation | Former chief of the Swiss National Bank |
|---|---|
Philipp Hildebrand was the former governor of the Swiss National Bank (SNB). He resigned on Jan. 9, 2012 in the wake of a scandal involving currency trades he and his wife carried out in 2011.
Kashya Hildebrand, Philipp Hildebrand's wife and a former hedge fund trader who now runs a Zurich art gallery, bought Sfr400,000 (£272,363) for $504,000 on Aug. 15, 2011. The trades were made three weeks before the SNB set a minimum exchange rate of 1.20 Swiss francs per euro to stem massive inflows of money from the eurozone which was hurting the Swiss economy.[1]
Background[edit]
Hildebrand took over at the helm of the SNB in January of 2010 after seven years as a board member. He was the youngest president in the history of the bank.[2]
Philipp M. Hildebrand began his professional career in 1994 at the World Economic Forum in Geneva. In 1995, he joined Moore Capital Management in London and New York, where he became a partner in 1997. In 2000, he joined the Vontobel Group in Zurich as Chief Investment Officer before moving to Union Bancaire Privée in Geneva in 2001, where he held the positions of chief investment officer and member of the executive board.
Education[edit]
He received his bachelor of art's degree from the University of Toronto in 1988. Then followed postgraduate studies at the Graduate Institute in Geneva (1988–1990), the European University Institute, Florence (1992) and at the Center for International Affairs of Harvard University (CFIA), Cambridge (1993). In 1994, he received his Ph.D. in International Relations from the University of Oxford.[3]