Former PBOC Official to Serve as Bank for International Settlements’ Chief Representative in Asia

70

A former senior official from the People’s Bank of China (PBOC) has been appointed to a senior position with the Bank for International Settlements (BIS) – an intergovernmental organisation of the world’s central banks.

BIS announced on 1 June that Zhang Tao (张涛) would be appointed to the position of Chief Representative for Asia and the Pacific, and be based at the BIS Representative Office in Hong Kong SAR.

Zhang joins BIS after most recently serving as the Chairman of the Supervisory Board of the People’s Insurance Company of China.

Zhang is a veteran of the Chinese central bank, having first joined PBOC in June 2004, where he served as its deputy research chief until March 2007. He then took up the position of head of PBOC’s international department and chair of its Shanghai international office during the period up until 2011.

From August 2011 to August 2014 Zhang served as Executive Director for China at the International Monetary Fund (IMF), and in August 2014 he returned to PBOC, rising to the position of deputy-governor in April 2016.

Just months subsequent to his appointment as PBOC deputy-governor, Zhang was appointed to a five year-term as Deputy Managing Director of the IMF – a position he held until August 2021.

Tao Zhang has an MA and PhD in international economics from the University of California at Santa Cruz.