07 Apr 2008, Ryan Davidson, Risk magazine
Ferguson was most recently head of financial markets at reinsurer Swiss Re, where he was responsible for its proprietary asset management unit, which managed approximately $200 billion in assets. Prior to Swiss Re, Ferguson was vice-chairman of the board of governors of the US Federal Reserve System.
Swiss Re has appointed David Blumer as a replacement for him, effective from May. He will be based in Zurich. Blumer joins from Credit Suisse, where he was CEO of asset management and a member of the executive board.