BIS: Appoints Innovation Hub heads in Singapore and Switzerland
- Announced two key appointments to the BIS Innovation Hub a new initiative designed to support central bank collaboration on new financial technology
- Andrew McCormack, Chief Information Officer at Payments Canada, will head the BIS Innovation Hub Centre in Singapore
- Morten Bech, Head of Secretariat for the Committee on Payments and also Market Infrastructures (CPMI)
- Mr McCormack has strong experience in policy and strategy work as well as on new technologies
- Mr Bech heads the secretariat of the CPMI, the global standard setter for payment, clearing and also settlement services
- The Innovation Hub aims to identify, and develop in-depth insights into, critical trends in technology affecting central banking