The Board of Directors of the Bank for International Settlements (BIS) announced the appointment of Agustín Carstens as General Manager. His appointment takes effect on 1 October 2017 and is for a five-year term.
Mr Carstens is Governor of the Bank of Mexico, a position he has held since 2010. He will take over the position of BIS General Manager from Jaime Caruana who will retire from the Bank next year. Mr Caruana will stay on as General Manager for an additional three months, to 30 September 2017.
Jens Weidmann, Chair of the BIS Board of Directors, said: "The Board of Directors is delighted to have secured a person of Mr Carstens's remarkable calibre and international experience to be the next BIS General Manager.
"He is held in high regard in the central banking and international financial communities and already has a strong relationship with the BIS. A member of the BIS Board since 2011, since 2013 he has successfully chaired the Global Economy Meeting of Governors, assessing developments, risks and opportunities in the world economy and the global financial system, as well as the Economic Consultative Council. The Board looks forward very much to working closely with Mr Carstens in his new role."
In selecting the new General Manager, Mr Weidmann was assisted by a Nomination Committee, chaired by himself and made up of members of the BIS Board of Directors (Mark Carney, Mario Draghi, Haruhiko Kuroda, François Villeroy de Galhau, Ignazio Visco and Janet Yellen).
Press release
© BIS - Bank for International Settlements
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