Dr. Raghuram Rajan, Governor of the Reserve Bank of India, was elected as the Vice-Chairman, the Board of Directors of the Bank for International Settlements (BIS), at its meeting in Basel held yesterday for a period of three years from November 10, 2015.

Dr. Rajan joined the BIS Board of Directors in December 2013. Jens Weidmann, Chairman of the BIS Board, welcomed Dr. Rajan in his new role and thanked him for his continued service to the Bank.

Read more about the role and the composition of the BIS Board of Directors on the BIS website (www.bis.org).

Board appointment: Vice-Chairman named to Bank for International Settlements Board for a three-year term. Dr. Raghuram Rajan, Governor of the Reserve Bank of India, was elected Vice-Chairman of the Bank for International Settlements Board of Directors at its Basel meeting, beginning a three-year term from 10 November 2015; the notice notes his Board membership since December 2013 and refers to the BIS website for information on the role and composition of the Board.