BIS appoints Monica Ellis as Secretary General

The Board of Directors of the Bank for International Settlements (BIS) today announced the appointment of Monica Ellis as Secretary General. Her appointment takes effect on 1 January 2017 and is for a five-year term.

Mrs Ellis' appointment fills the vacancy being created by the retirement in December 2016 of Peter Dittus, who has been Secretary General since 2005.

In her new role, Mrs Ellis will head the General Secretariat, one of the Bank's three main departments. As a key member of the Bank's Executive Committee, thus contributing to the general management of the BIS, she will have overall responsibility for the provision of corporate services within the BIS.

Mrs Ellis has 20 years of service at the BIS and was appointed as Deputy Secretary General and Head of Communications in January 2014. Prior to that, she was Deputy Head of Risk Control and Head of Credit Analysis.

BIS General Manager Jaime Caruana warmly thanked Mr Dittus for his outstanding service to the Bank over many years and wished him well for the future.

Welcoming the appointment of Mrs Ellis, he said: "Monica brings to this position a deep institutional knowledge and experience of corporate services, risk control and banking functions, together with strong leadership. I very much look forward to continuing to work with Monica in her new capacity as Secretary General."