Swiss Need Financial Diplomacy in Future, Hildebrand Says

A pedestrian looks towards the Swiss National Bank (SNB) building in Bern. 

Photographer: Stefan Wermuth/Bloomberg
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Switzerland needs to consider financial diplomacy to regain political influence around the world, and may want to look to Singapore for inspiration, according to BlackRock Inc.’s Philipp Hildebrand.

One possibility would be through a sovereign wealth fund, Hildebrand, a former Swiss central bank chief, told NZZ am Sonntag in an interview. That would be allow Switzerland to simultaneously multiply its wealth for future generations as well as increase its global political influence with investments abroad, he said.