June.06.2022, Singapore ------ The Bank for International Settlements (BIS) announced that Tao Zhang will join the Bank as Chief Representative for the Asia Pacific region. Mr Zhang will join the BIS on 14 June and will be based at the BIS Representative Office for Asia and the Pacific (Asian Office) in Hong Kong SAR.
He joins the BIS from the People's Insurance Company of China, where he was Chairman of the Supervisory Board. Prior to that, he held various high-level positions at global and national institutions, including as Deputy Managing Director at the International Monetary Fund (2016–21) and was also previously Deputy Governor of the People's Bank of China. Mr Zhang has an MA and PhD in international economics from the University of California at Santa Cruz.
Mr Carstens added: "I would also like to thank Siddharth Tiwari for his strong leadership and outstanding contribution in helping to shape the BIS's priorities, and for strengthening our relations and engagement with central banks and a wide range of stakeholders in the region."
BIS is an international organisation headquartered in Basel, Switzerland, and have representative offices in Hong Kong SAR and Mexico City. It serves central banks and other financial authorities across the globe to support their pursuit of monetary and financial stability through international cooperation. It also acts as a bank for central banks. The BIS is owned by 63 member central banks and monetary authorities from around the world.