Pablo Hernández de Cos is Carstens’ successor at the BIS

The Spanish Pablo Hernández de Cos (right) was appointed yesterday as general director of the Bank for International Settlements (BIS), for a period of five years starting July 1, 2025, and will succeed the Mexican Agustín Carstens (left), whose mandate ends next June, the organization reported in a statement. The board of directors announces that Pablo Hernández de Cos will assume the position of general director of the BPI. It was critical for the board to find an excellent leader to succeed Agustín Carstens, who has successfully led and transformed the BIS during these challenging times.said the president of the financial entity, François Villeroy de Galhau. Hernández de Cos, 53 years old, was governor of the Bank of Spain from 2018 until June of this year.