The Bank for International Settlements (BIS) has earlier today announced that it has added Andrew McCormack and Morten Bech to its BIS Innovation Hub.
Andrew McCormack will head the BIS Innovation Hub Centre in Singapore. Morten Bech, Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), will lead the Hub Centre in Switzerland. They will start their new roles in April for three-year terms.
Benoît Cœuré, Head of the Innovation Hub, commented on the new hires:
I am pleased to welcome Andrew and Morten to the Innovation Hub team. Their knowledge and experience will greatly enhance our efforts to make the global financial system safer, more efficient and inclusive.
BIS Innovation Hub is a brand new initiative designed to support central bank collaboration on new financial technology and to identify critical trends in technology affecting central banking. It also develops public goods in the technology space geared towards improving the functioning of the global financial system.