Basel: The Bank for International Settlements has appointed Gaston Gelos as the new deputy head of its monetary and economic department (MED), for a five-year term. He will also be head of financial stability policy.

Gelos will move to the Basel-based institution in September. He joins from the International Monetary Fund, where he is assistant director in the western hemisphere department and mission chief for Mexico.

He first joined the IMF in 1998 and has held roles including head of the