BIS announces hire of new chief

Knight, who was proposed for the post by Nout Wellink, chairman of the board of directors and BIS president, will take the reins at the bank at the beginning of April, the BIS said.

Knight is currently senior deputy governor at the Bank of Canada, which he joined in 1999 after 24 years’ service at the International Monetary Fund, where his last position was deputy director.

"The board of directors is delighted to have a person of Mr Knight’s calibre and international experience to become the