The Bank for International Settlements (BIS) announced that Mr Gudmundsson, Deputy Head
of the Monetary and Economic Department, has been appointed Governor of the Central Bank of Iceland. He has been at the BIS since June 2004.
It is expected that Gudmundsson will take up the position of Governor of the Central Bank of Iceland before the end of August.
“Although we will be sad to see Mr leave, we wish him all the very best in his new role,” says Jaime Caruana, BIS general manager. “During the past five years, he has been a much valued member of the Bank’s senior management team. We look forward to continuing to work with him in this new capacity.”
After graduating from the University of Cambridge (M Phil), Mr Gudmundsson entered central banking in 1980 as an economist at the Central Bank of Iceland, where he was later Chief Economist (1994-2004). From 1988 to 1991, he was the Chief Economic Adviser to Iceland’s Minister of Finance. He has also been a member of various governmental committees, including on central bank legislation, pension reform, and energy.
D.C.