BIS appoints new chairman

The Bank of International Settlements (BIS) has elected Jean-Pierre Roth as its new chairman for a period of three years commencing March 1.

Roth, who is also chairman of the governing board of the Swiss National Bank, will take over from Nout Wellink, who has held the position at the Basel-based bank since March 2002.

Wellink is leaving the BIS after implementing a series of changes to the bank’s statutes regarding its governance and transparency earlier than he expected.

Wellink will continue in his role as president of the Netherlands Bank.

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