Christian Noyer, the governor of Banque de France, is the new head of the Bank for International Settlements' (BIS) board of directors.
Noyer succeeds Guillermo Ortiz, the governor of the Bank of Mexico until December 2009, when he also stepped down as chairman.
Henrique Meirelles, the governor of the Central Bank of Brazil, replaced Ortiz as a director on the board at the beginning of this year.
Noyer's term began on Sunday and is for three years. He was re-appointed as the governor of Banque d