At its meeting of 4 July 2018, the Federal Council appointed Martin Schlegel as the new Alternate Member of the Governing Board of the Swiss National Bank (SNB), following the proposal of the SNB's Bank Council. He will take up the position of Deputy Head of Department I as of 1 September. Martin Schlegel is currently Head of the SNB's branch office in Singapore. At the same time as Martin Schlegel takes up his new position on 1 September, the two existing Alternate Members of the Governing Board will switch departments. Thomas Moser, currently Deputy Head of Department I, will replace Dewet Moser in Department III. Meanwhile, Dewet Moser will move to Department II, where the position as Alternate Member of the Governing Board is vacant following the resignation of Thomas Wiedmer.