BIS Board appoints Masaaki Shirakawa as Vice-Chairman

11 January 2011

The Board of Directors of the Bank for International Settlements (BIS), meeting in Basel, Switzerland, yesterday elected Masaaki Shirakawa, Governor of the Bank of Japan, as its Vice-Chairman.

Mr Shirakawa has been on the Board since May 2008 and is Chair of the BIS Asian Consultative Council. His appointment as Vice-Chairman is for a period of three years from 10 January 2011.

Mr Shirakawa succeeds Hans Tietmeyer who had held the post from 1 July 2003 until he stepped down as a BIS director at end-December 2010. The BIS Board expressed their gratitude to Mr Tietmeyer for his eminent services to the BIS.