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Ex-Swiss Bank Head Lusser Dies

April 21, 1998

ZURICH, Switzerland (AP) _ Markus Lusser, former president of the Swiss National Bank, died Tuesday. He was 67.

Lusser died of a heart condition, said central bank spokesman Werner Abegg.

Born in April 1931, Lusser studied law in Bern, Switzerland, and Paris. In 1959, he became acting director of the Swiss Bankers Association trade group.

In 1980, Lusser was nominated to the board of the central bank. He served as its president from 1988 to 1996, which Abegg described as a ``difficult period.″

Lusser was determined to maintain the bank’s autonomy and guide monetary policy to maintain a low inflation rate.

He was also the Swiss representative at the International Monetary Fund in Washington and a board member of the Bank for International Settlements, based in Basel, Switzerland.

Lusser retired in April 1996. He later became president of the board at J.P. Morgan (Switzerland) in Geneva.

He is survived by his wife, Elisabeth, and a son.

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