Agustín Carstens, New President of the BIS Economic Cosultative Committee and the BIS Global Economy Meeting

Agustín Carstens has been appointed to chair the BIS Economic Consultative Committee and the BIS Global Economy Meeting. Mario Draghi has also been appointed to chair the Group of Governors and Heads of Supervision.

Two appointments have recently been made at the Bank for International Settlements (BIS), both with effect from 1 July 2013 and for a three-year term:

• The BIS Board of Directors has appointed Agustín Carstens, Governor of the Bank of Mexico, as Chairman of the Economic Consultative Committee (ECC) and the Global Economy Meeting (GEM) after consultations with members of the GEM.
• The Group of Governors and Heads of Supervision (GHOS) has selected Mario Draghi, President of the European Central Bank, as its new Chair after consultations among its members.

Agustín Carstens and Mario Draghi will succeed Mervyn King, who will step down as Chairman of the three groups when he retires as Governor of the Bank of England at the end of June. Mr King has chaired the ECC, the GEM and the GHOS since November 2011.

Both the Board and the GHOS have expressed their gratitude for Mr King’s excellent chairmanship.

• México