The Swiss National Bank’s Andréa Maechler is to become the new deputy general manager of the Bank for International Settlements.

Maechler will take over from Luiz Awazu Pereira da Silva, when he retires from the role in September. The appointment is for a five-year term.

“I am delighted that Andréa Maechler will be joining the BIS as its new deputy general manager,” said François Villeroy de Galhau, chair of the BIS board. “Her wide-ranging experience at the Swiss National Bank and at