Shirakawa elected vice-chair of BIS board

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Masaaki Shirakawa, the governor of the Bank of Japan, was on Monday elected vice-chairman of the board of directors of the Bank for International Settlements (BIS).

The election follows Shirakawa's appointment as chair of the Basel-based bank's Asian Consultative Council. He took over that role from Zeti Akhtar Aziz, the governor of the Bank Negara Malaysia, in October.

Shirakawa was picked by the 18-member board to succeed Hans Tietmeyer, who served as vice-chairman of the board from July 2003

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