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Bloomberg
Banco de Mexico’s top markets official is leaving for the Bank for International Settlements after more than two decades at the central bank, according to people familiar with the plans.
Jaime Cortina, director general of operations and payment systems, plans to leave in the coming weeks, according to five people who asked not to be named because the decision hasn’t been made public. Cortina is responsible for managing the bank’s international reserves and monetary operations, a job that made him one of the most important figures in its day-to-day functioning. Cortina plans to join the BIS office in Mexico City, according to three of the people. In doing so, he would reunite with general manager Agustin Carstens, with whom he worked closely during his eight years as governor. Carstens left for the Basel, Switzerland-based BIS in 2017. Cortina was among the most visible members of the bank outside the five-member board during Carstens’ time at the helm.