Former top Federal Reserve official Roger W. Ferguson Jr. was named chairman of Swiss Re America Holding Corp. and a member of Swiss Re's executive board today.
Mr. Ferguson, who left his Federal Reserve Board of Governor's vice chairman post in April, succeeds Jacques Dubois, who will retire by the end of 2006. He will join Swiss Re next month and be based in New York and Washington D.C.
Mr. Ferguson will also become Swiss Re's financial market strategist, advancing the company's strategy of intermediating insurance risk through the capital markets.
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