Chile’s Ministry of Finance reported that President Gabriel Boric has nominated Kevin Cowan to join the Central Bank of Chile’s Council, replacing councillor Stephany Griffith Jones when her term ends on 24 December 2025. The appointment is subject to Senate approval under the Central Bank’s Organic Constitutional Law. Councillors are appointed by the President through a supreme decree issued by the Ministry of Finance following Senate consent, serve ten-year terms, and are renewed on a staggered basis. The ministry highlighted Cowan’s background across academia and public and financial sector roles, including as an adviser to the Ministry of Finance, head of the Central Bank’s Financial Policy Division, Executive Director for Chile and Ecuador at the Inter-American Development Bank, Vice President of the Commission for the Financial Market, and chair of the Financial Committee advising the Ministry on sovereign wealth fund investment policy. To complete the designation, the President will request the Senate’s agreement; the nominee will then appear before the Senate Finance Committee, followed by a vote in the full Senate requiring a simple majority. Once approved, the supreme decree will be issued to formally appoint the new councillor.

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