The Board of Directors of the Bank for International Settlements (BIS) today announced the appointment of Zeti Akhtar Aziz as Chair of the BIS Asian Consultative Council (ACC). Dr Zeti is Governor of the Central Bank of Malaysia.
Dr Zeti's appointment is for a term of two years from October 2008. She succeeds Yaga V Reddy, Governor of the Reserve Bank of India until 5 September 2008, as ACC Chair. Dr Reddy chaired the Council from March 2007 to September 2008. The BIS Board and ACC Governors expressed their gratitude to Dr Reddy for his leadership during his time as Chair.
The ACC comprises the Governors of the BIS member central banks in the Asia-Pacific region. 1 It was established in 2001 to facilitate communication between these central banks and the BIS Board and Management on matters of interest to the Asian central banking community. The BIS Representative Office for Asia and the Pacific in Hong Kong SAR provides the Secretariat for the ACC.
1 The BIS member central banks represented in the ACC are those of Australia, China, Hong Kong SAR, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.