Not only is Philipp Hildebrand "a thinker and strategist," according to the Financial Times, "many economists and policymakers argue that his bold moves and non-bureaucratic mindset are just what is needed amid the economic turmoil." He is currently Vice Chairman of BlackRock Inc. He most recently served as Chairman of the Governing Board of the Swiss National Bank, where he was a strong advocate of the bank’s policy of capping the franc against the euro. He was also one of the first western central bankers to publicly demand tougher capital standards for banks in 2007, before the Lehman Brothers crisis in 2008. During the financial crisis, Dr. Hildebrand played a prominent international role as a member of the Financial Stability Board (FSB) and as the Swiss Governor of the International Monetary Fund (IMF).