Malcolm Knight, the general manager and chief executive officer of the Bank for International Settlements (BIS), said today that he's leaving the BIS at the end of September.
His term was supposed to end in June 2009. He has been BIS general manager since April 2003.
Knight said that he is leaving his position to accept an appointment as non-executive vice chairman of Deutsche Bank Group, who will be responsible for coordinating group-wide issues on regulation, supervision and financial stability for the management board.
He also plans to take on a position as visiting professor in finance at the London School of Economics and Political Science starting on Oct.1.
At the BIS, Knight oversaw major enhancements in BIS management, particularly in the areas of governance, risk control and economic analysis. During his tenure, the BIS' role as a forum for central bank cooperation has been further strengthened.
The BIS Board of Directors has initiated the search process for a new general manager.