The Bank for International Settlements published a statement from General Manager Pablo Hernández de Cos following the announcement that Hyun Song Shin has been appointed Governor of the Bank of Korea. The statement notes Shin’s role at the BIS since joining in 2014, including providing intellectual leadership and strategic direction to its research and analytical work and serving as a member of the BIS Executive Committee. The BIS also reiterated that Shin will be succeeded by Hélène Rey effective September 2026, and that Frank Smets will lead the Monetary and Economic Department as Acting Head in the interim.
Bank for International Settlements 2026-04-20
Switzerland's Bank for International Settlements congratulates Hyun Song Shin on appointment as Bank of Korea Governor and confirms Monetary and Economic Department transition
The Bank for International Settlements issued a statement from General Manager Pablo Hernández de Cos following the appointment of Hyun Song Shin as Governor of the Bank of Korea, highlighting Shin’s intellectual leadership and strategic role at the BIS since 2014. The BIS confirmed that Hélène Rey will succeed Shin as Head of the Monetary and Economic Department from September 2026, with Frank Smets serving as Acting Head in the interim.