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(MNI) Frankfurt

Francois Villeroy de Galhau, governor of the Bank of France, has been elected as the new chair of the Board of Directors of the Bank for International Settlements (BIS), it was announced Thursday.

He succeeds Jens Weidmann, who stepped down as president of the Bundesbank at the end of December 2021, and will serve a three-year term.

MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
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MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
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