BIS chief to leave early

Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.

Knight will join Deutsche Bank as a non-executive vice chairman, where he will be responsible for co-ordinating group-wide issues on regulation, supervision and financial stability for the bank's managing board. He will also take up a visiting professorship at the London School of Economics.

"I would like to say what a great

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