Swiss National Bank chief Philipp Hildebrand resigns over wife's currency trade Mrs Hildebrand said last week that her decision to sell the francs and buy dollars was motived by "the fact that it [the US dollar] was at a record low and was almost ridiculously cheap." In a statement yesterday, she said she had "failed" her husband in "not considering the perception of a 'conflict of interest'." "My husband is a man of the utmost integrity and I deeply regret that my actions might have led anyone to question this," she said. Mrs Hildebrand had said her decision to trade was based on her experience as a finance professional. She had formerly worked for hedge fund Moore Capital as foreign exchange trader and it was whilst working at Moore 15 years ago that she met Mr Hildebrand, who was then employed by the firm. In a series of disclosures on Monday, Mr Hildebrand revealed that he had made his own currency trades earlier in the year when he sold the family house and bought a new property. The PwC investigation found that Mr Hildebrand had lost money on both currency trades. Sir Mervyn King, Governor of the Bank of England, said he was "saddened" by the resignation of Mr Hildebrand, who had overseen the SNB throughout the financial crisis, including its intervention to rescue Swiss lender UBS. His country will miss him," said Mr King. In Switzerland, there were calls for the resignation of Hansueli Raggenbass, the head of the SNB's supervisory council, as Mr Hildebrand's departure failed to stop political anger.