Veerathai Santiprabhob appointed Chair of the BIS Asian Consultative Council

The Board of Directors of the Bank for International Settlements (BIS) has appointed Veerathai Santiprabhob as Chair of the BIS Asian Consultative Council (ACC) from 26 September 2017. Mr Santiprabhob is Governor of the Bank of Thailand. The term of appointment for the ACC Chair is two years.

The ACC is a vehicle for communication between BIS shareholding central banks in the Asia-Pacific region¹ and the BIS on matters of interest and concern to regional central banks. It also provides guidance for the research and banking activities of the BIS's Asian Office, which serves as the secretariat for the ACC.

Mr Santiprabhob succeeds Graeme Wheeler, Governor of the Reserve Bank of New Zealand, who has chaired the Council since April 2016. Mr Wheeler will depart from the Reserve Bank in September. The BIS Board and ACC Governors have expressed their gratitude to Mr Wheeler for his leadership during his time as Chair.

¹ The ACC is made up of the Governors of the BIS member central banks in the Asia-Pacific region. These central banks are those of Australia, China, Hong Kong SAR, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.