Ferguson to run Swiss Re Americas

Roger Ferguson, who resigned as vice-chairman of the Federal Reserve in January, is to join Swiss Re as chairman of Swiss Re Americas.

Ferguson will succeed Jacques Dubois, who is set to retire by the end of the year. He will also become the company's financial market strategist, responsible for its use of the capital markets to handle insurance risk. The company said Feguson would be responsible for providing "long-term direction" to its $129 billion portfolio.

At Swiss Re, Ferguson will report to Jacques Aigrain, the chief executive, and will be a member of the executive board. He will join the company next month and will be based in New York and Washington DC.

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