(Reuters) - Former Swiss National Bank Chairman Philipp Hildebrand will receive his salary for the next 12 months after he stepped down due to an uproar over a currency trade made by his wife, the Swiss wire SDA reported.
Hildebrand received total compensation of 862,000 Swiss francs (590,000 pounds) in 2010, making him the world's highest-paid major central banker.
Hildebrand quit on Monday, apparently forced out when emails failed to clear him of involvement in a currency trade by his wife three weeks before he oversaw the introduction of a cap on the franc's value.
Quoting central bank spokesman Walter Meier, the news agency said Hildebrand would receive half a year's salary for his notice period and a further six months for a so-called "cooling off" period, which restricts the professional activities he may take up.
A spokesman for the SNB was not immediately available for comment.
(Reporting by Catherine Bosley; Editing by Jan Paschal)
SOURCE:http://uk.reuters.com/article/2012/01/11/uk-swiss-snb-pay-idUKTRE80A25120120111
Category: News and Media
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