Shamed Swiss central bank chief to join BlackRock

Swiss central bank chairman Philipp Hildebrand, who quit over a currency trading scandal, is to join BlackRock as vice chairman in October.

Hildebrand will report to CEO Laurence Fink and will oversee the firm's largest institutional client relationships in Europe, the Middle East, Africa and Asia Pacific. Hildebrand resigned from the Swiss National Bank (SNB) after his wife Kashya carried out a currency trade just weeks before he oversaw the introduction of a cap on the Swiss franc's value. The former Moore hedge fund manager was later found by a SNB commissioned audit not to have broken the central bank's rules. Kaysha Hildebrand later made a public apology to the Swiss people and her husband for her actions but deni...