Former Fed vice chairman joining Swiss Re

Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.

Ferguson has been appointed chairman of Swiss Re America Holding Corp. and will be a member of Swiss Re's executive board. He will join the company in July and will also serve as Swiss Re's financial market strategist, based in New York and Washington.

In a telephone interview with Reuters, Ferguson was quoted as saying that