Hélène Rey appointed as Economic Adviser and Head of Monetary and Economic Department

• Hélène Rey, Professor of Economics at London Business School, appointed as Economic Adviser and Head of the Monetary and Economic Department of the BIS.
• Ms Rey is appointed for a five-year term, effective September 2026.
• She will lead the economics work of the Bank and join its Executive Committee.

The Board of Directors of the Bank for International Settlements (BIS) today announced the appointment of Hélène Rey as its new Economic Adviser and Head of the Monetary and Economic Department for a five-year term, effective 1 September 2026. This follows the retirement of Hyun Song Shin, who leaves the Bank at the end of August.

The Monetary and Economic Department undertakes research and analysis on policy issues of concern to central banks, supports BIS committees and organises key meetings of senior central bankers.

Ms Rey is currently the Lord Raj Bagri Professor of Economics at London Business School, a position to which she was appointed in 2016. In addition, she is a Vice President at the Centre for Economic Policy Research. She was President of the European Economic Association in 2025 and currently serves on its Board. Her research focuses on trade and financial imbalances, financial crises and the organisation of the international monetary system. She is a Fellow of the British Academy and a member of the American Academy of Arts and Sciences and the Group of Thirty.

She is a prominent contributor to global economic policy and has advised the International Monetary Fund and the Group of Seven on issues ranging from financial stability to global imbalances. She was a member of the French macroprudential and microprudential authorities.

Ms Rey holds a PhD in economics from the London School of Economics and the École des Hautes Études en Sciences Sociales, Paris, as well as degrees from Stanford University and the École Nationale de la Statistique et de l'Administration Économique.

She will succeed Hyun Song Shin when he retires on 31 August 2026 and will join the Executive Committee of the BIS.

The Board recognised Mr Shin's outstanding contributions to academic leadership and research during his 12 years at the BIS.