“The Board of Directors is pleased to announce the appointment of Pablo Hernández de Cos as the new Director General of the BPI. “It was essential for the Board to find an excellent leader to succeed Mr. Carstens, who has very successfully led and transformed the BIS during these very challenging times,” the BIS said in a statement.
Who is Pablo Hernández de Cos?
Hernández de Cos previously served as Governor of the Bank of Spain, from 2018 until June 2024.
He has a doctorate in Economics from the Complutense University of Madrid with a specialty in macroeconomics, fiscal and monetary policy and financial stability.
During his term as Governor, he was a member of the Governing Council of the European Central Bank (ECB) and was also Chairman of the Basel Committee on Banking Supervision from January 2019 to June 2024.
He was also a member of the Financial Stability Council and the Group of Governors and Chief Supervisors of the BIS and held the position of Vice President of the Spanish Macroprudential Authority Financial Stability Council. He was Alternate Governor for Spain at the International Monetary Fund, President of the Board of Governors of the Center for Latin American Monetary Studies (CEMLA) and President of the Board of Trustees of the Center for Monetary and Financial Studies (CEMFI).
The BPI thanked the Mexican for his contribution to the Bank and his leadership until the end of his tenure.
“Under his leadership, the BIS implemented its ambitious Innovation BIS 2025 strategy, which included collaborating with its members on financial innovation, exploring the development of public goods through a new Innovation Hub and advancing its analytical services. , capacity development and banking to support central banks,” he noted.
