Jaime Caruana took up the position of General Manager of the BIS on 1 April 2009. As the Bank's chief executive officer, he carries out the policy determined by the Board of Directors and is responsible to the Board for the management of the Bank.
Previously, Mr Caruana was Financial Counsellor to the Managing Director as well as Director of the Monetary and Capital Markets Department at the International Monetary Fund.
From 2000 to 2006, Mr Caruana was the Governor of the Bank of Spain, Spain's central bank, and in that capacity, served on the Governing Council of the ECB. He was also the Chairman of the Basel Committee on Banking Supervision from 2003 to 2006 and has been a member of the Financial Stability Forum (now the Financial Stability Board) since 2003. From 2004 to 2006, he chaired the Coordination Group, a senior group of supervisory standard setters from the Basel Committee, the International Organization of Securities Commissions (IOSCO), the International Association of Insurance Supervisors (IAIS) and the Joint Forum.
Prior to joining the Bank of Spain, Mr Caruana served as Director General of the Spanish Treasury and headed an investment services company and a fund management company for nearly 10 years.