BIS appoints former ECB official de Cos as General Manager from July 2025

Reuters11-12

LONDON, Nov 11 (Reuters) - The Bank for International Settlements $(BIS.AU)$ said on Monday it has appointed former European Central Bank official Pablo Hernandez de Cos as its general manager for a five-year term, starting July 1 2025.

De Cos previously headed the Bank of Spain. He will replace BIS General Manager Agustin Carstens, whose term concludes at the end of June 2025, the BIS said in a statement.

"It was essential for the Board to find an excellent leader to succeed Mr Carstens, who has been extremely successful in leading and transforming the BIS in these challenging times," Francois Villeroy de Galhau, chair of the BIS board of directors, who also heads France's central bank, said in the statement.

"Mr Hernandez de Cos is a person of remarkable calibre and global experience, and we are fully confident that he will embody the spirit of international trust and technical excellence on which the BIS is built."

(Reporting by Dhara Ranasinghe; editing by Yoruk Bahceli)

((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))

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