Bank Of Mexico Gov. Carstens Leaving In 2017 To Head BIS

Bank of Mexico Governor Agustin Carstens will step down as the head of the country's central bank in July 2017, according to news reports Thursday. Carstens will become the general manager of the Bank for International Settlements in October 2017, BIS said in a statement. Carstens, who has been on BIS's board since 2011, has served as the head of Mexico's central bank since 2010. Carstens will succeed Jaime Caruana, who is retiring next year. The Basel, Switzerland-based BIS is a consortium of central banks.