The Bank for International Settlements (BIS) announced a new addition to its team on Monday, with Siddharth Tiwari joining as the Chief Representative for Asia and the Pacific. He starts his new role with more than three decades worth of experience in the finance industry, having spent 32 years at the International Monetary Fund (IMF).
Tiwari joined BIS at the beginning of this month, with his position as Chief Representative being effective from November 1, 2018. He succeeds Eli Remolona, who was the previous Chief Representative of the Asian Office who held this position from 2008 to 2018.
At BIS, one of the main goals of Tiwari’s role is to strengthen the connection between BIS and the central banks in the area he oversees. This will be achieved by him leading efforts that will improve BIS’s understanding of the issues that are important to central banks and supervisors within the region.
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Commenting on the appointment, BIS General Manager Agustín Carstens said: “I welcome Siddharth to the senior management team, and in light of his rich experience look forward to his contribution to enhancing all areas of the Bank’s work – whether in international cooperation, in economic research or in banking activities.”
Siddharth Tiwari’s Career at the IMF
Before joining BIS, Tiwari spent more than three decades at the IMF, retiring in 2017. As can be expected, during his time with the company, he held numerous roles. The most recent position he held at the organization was Director of the Strategy, Policy, and Review Department (SPR) of the IMF.
Other roles held by Tiwari at the IMF include Resident Representative to Russia, when the country first became a member, head of the Office of the Managing Director under Horst Köhler, Director of the Office of Budget and Planning, and the IMF’s Secretary.
Between 1975 until 1977 Tiwari attended The London School of Economics and Political Science (LSE). Here he studied and then graduated with a Master of Science in Economics. He also holds an MA and a Ph.D. in Economics from the University of Chicago.