Management of the BIS

BIS Management is under the overall direction of the General Manager, who is responsible to the Board of Directors for the conduct of the Bank. In accordance with the Bank's Statutes, the General Manager is assisted by the Deputy General Manager. The current members of BIS Management are:

General Manager Jaime Caruana
Deputy General Manager Hervé Hannoun
Secretary General and Head of General Secretariat Peter Dittus
Head of Banking Department Peter Zöllner
Head of Monetary and Economic Department Claudio Borio
Economic Adviser and Head of Research Hyun Song Shin
General Counsel Diego Devos
Deputy Head of Monetary and Economic Department          Philip Turner
Deputy Secretary General Monica Ellis
Deputy Head of Banking Department Jean-François Rigaudy
Chairman, Financial Stability Institute Josef Tošovský

The key committees advising the General Manager and Deputy General Manager are the Executive Committee, the Finance Committee and the Compliance and Operational Risk Committee. The first two committees are chaired by the General Manager and the third by the Deputy General Manager, and all include other senior members of the Bank's Management.

The Executive Committee advises the General Manager primarily on the Bank's strategic planning and the allocation of resources, as well as on decisions related to the broad financial objectives for the banking activities and operational risk management.

The Finance Committee advises the General Manager on the financial management and policy issues related to the banking business, including the allocation of economic capital to risk categories.

The Compliance and Operational Risk Committee acts as an advisory committee to the Deputy General Manager and ensures the coordination of compliance matters and operational risk management throughout the Bank. The Committee also advises the Executive Committee on material compliance and operational risk matters.