The Bank for International Settlements has announced a set of leadership appointments, led by the election of Fabio Panetta, Governor of the Bank of Italy, as Chair of its Board of Directors. Panetta will begin a three-year term on 3 June, succeeding François Villeroy de Galhau, Governor of the Bank of France, who will step down as Chair on 2 June after announcing his departure from the Bank of France. The Board is responsible for the BIS's strategic and policy direction, oversight of management and other tasks under the Bank's Statutes. Governors also appointed Gabriel Galípolo, Governor of the Central Bank of Brazil, as Chair of the meeting of Governors of major emerging market economies for a two-year term starting 1 September, replacing Eddie Yue of the Hong Kong Monetary Authority. Michele Bullock, Governor of the Reserve Bank of Australia, will chair the Asian Consultative Council for a two-year term starting 11 May, replacing Nguyen Thi Hong, former Governor of the State Bank of Vietnam. Kazuo Ueda, Governor of the Bank of Japan, will chair the Committee on the Global Financial System for a three-year term starting 12 May, replacing Chang Yong Rhee, former Governor of the Bank of Korea.
Bank for International Settlements 2026-05-12
Bank for International Settlements elects Fabio Panetta as Board Chair and names new heads for key central bank groups
The Bank for International Settlements has appointed Fabio Panetta, Governor of the Bank of Italy, as Chair of its Board of Directors for a three-year term starting 3 June, succeeding François Villeroy de Galhau. Governors also named Gabriel Galípolo as Chair of the meeting of Governors of major emerging market economies, Michele Bullock as Chair of the Asian Consultative Council, and Kazuo Ueda as Chair of the Committee on the Global Financial System, with terms ranging from two to three years.