Philipp Hildebrand to chair the Deputies of G10

Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23 January .

Mr Hildebrand succeeds Sir Andrew Large, formerly of the Bank of England, who resigned in January 2006. Mr Hildebrand's term of office will extend until March 2007. Mr Tremonti expressed sincere appreciation to Sir Andrew Large for t