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    Home > Finance > Head of BIS digital currency hub leaves post early
    Finance

    Head of BIS digital currency hub leaves post early

    Published by Global Banking & Finance Review®

    Posted on May 22, 2025

    2 min read

    Last updated: January 23, 2026

    Head of BIS digital currency hub leaves post early - Finance news and analysis from Global Banking & Finance Review
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    Tags:innovationAppointmentCryptocurrenciesfinancial community

    Quick Summary

    Cecilia Skingsley resigns from BIS Innovation Hub to become County Governor of Stockholm, impacting BIS's digital currency projects.

    BIS Digital Currency Hub Leader Cecilia Skingsley Steps Down Early

    LONDON (Reuters) -The former Swedish central banker leading the Bank for International Settlements' work on digital currencies, Cecilia Skingsley, is to leave the Switzerland-based umbrella body two years early to take a government job back in her homeland.

    Skingsley began a five-year term as head of the BIS' 'Innovation Hub' in September 2022 but the ex-Riksbank deputy governor will leave to take up a role next month as County Governor of the County Administrative Board of Stockholm.

    The BIS' innovation unit was set up in 2019 to identify and develop new technologies and rapidly expanded to seven financial centres from London to Hong Kong.

    Reports earlier this year, however, said it was set to be pared back by new BIS General Manager Pablo Hernandez de Cos who takes the helm in July.

    Central bank digital currencies in particular have become a geopolitical hot topic and late last year the BIS suddenly quit a flagship project it had been collaborating on with China and a number of other Asian central banks.

    The BIS' current chief Agustín Carstens said that under Skingsley, the Innovation Hub had made, "great strides towards fulfilling our strategic goal of helping central banks face the challenges of the future".

    The central bankers' central bank, as it is dubbed, added that it would announce the recruitment process for her successor "in due course" with Deputy General Manager and former Swiss central banker Andréa Maechler standing in in the interim.

    (Reporting by Marc Jones; Editing by Kirsten Donovan)

    Key Takeaways

    • •Cecilia Skingsley leaves BIS two years early.
    • •She will become County Governor of Stockholm.
    • •BIS Innovation Hub has expanded to seven centers.
    • •New BIS General Manager plans to pare back the unit.
    • •BIS quit a major digital currency project last year.

    Frequently Asked Questions about Head of BIS digital currency hub leaves post early

    1Who is Cecilia Skingsley?

    Cecilia Skingsley is the former Swedish central banker who led the Bank for International Settlements' work on digital currencies.

    2What role will Skingsley take up after leaving BIS?

    After leaving the BIS, Cecilia Skingsley will become the County Governor of the County Administration in Sweden.

    3What is the purpose of the BIS Innovation Hub?

    The BIS Innovation Hub was established to identify and develop new technologies, rapidly expanding to seven financial centres worldwide.

    4What changes are expected under the new BIS General Manager?

    New BIS General Manager Pablo Hernandez de Cos is expected to pare back the Innovation Hub, which has been a significant focus under Skingsley's leadership.

    5Why are central bank digital currencies a hot topic?

    Central bank digital currencies have become a geopolitical hot topic, especially following the BIS's withdrawal from a project with China and other countries.

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