Bank for International Settlements (bis) was announced. pablo hernández des cos Appointed as the next general manager.
His five-year term will begin on July 1, 2025, replacing Agustín Carstens, whose term ends in June 2025.
Hernández de Cos brings extensive experience in central banking and international finance.
He served as Governor of the Bank of Spain from 2018 to June 2024, during which time he was a member of the European Central Bank Board and chair of the Basel Committee on Banking Supervision.
He also held roles on the Financial Stability Board and the BIS Governors and Supervisory Officers Group.
Before becoming president, Hernández de Cos held senior positions at the Banco de España, including director of economics, statistics and research.
An experienced economist, Mr. Hernández de Cos started his career at the Bank of Spain in 1997 and has since served various European and international financial institutions, including as an advisor to the European Central Bank Board. Ta.
He is currently Professor of Economic Management Practice at IESE Business School and an adjunct fellow at prominent think tanks such as Bruegel and the Peterson Institute for International Economics.
“It was essential for the Board to find a great leader to replace Mr. Carstens, who has been highly successful in leading and transforming BIS during this difficult period.
Mr. Hernández de Cos is a man of extraordinary talent and global experience, and we are confident that he will embody the spirit of international trust and technical excellence that is the foundation of BIS. Masu. ”
François Villeroy de Galhau, Chairman of the BIS Board of Directors, said:
The BIS Board also recognized Agustin Carstens’ leadership and highlighted his contribution to the Innovation BIS 2025 Strategy.
This initiative strengthens the Bank’s collaboration on financial innovation and strengthens support for central banks around the world.
