The Board of Directors of the Bank for International Settlements (BIS) has appointed Mark Carney, Governor of the Bank of England, as Chair of the Global Economy Meeting (GEM) and the Economic Consultative Committee (ECC), after consultations with members of the GEM. The appointment takes effect on 1 December 2017.
Mr Carney will succeed Agustín Carstens, who will step down as chair of the two groups when he takes up the post of General Manager of the BIS at the beginning of December. Mr Carstens has chaired the ECC and the GEM since 1 July 2013.
“Agustín Carstens has done an outstanding job chairing these two important groups, and we thank him for his contribution,” BIS Board Chairman Jens Weidmann said. “We look forward to working with Mark Carney, a long-time member of the BIS Board since 2008, in his new role.”
Mr Carney has been Governor of the Bank of England since 2013, and from 2008 to 2013 served as Governor of the Bank of Canada.
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