Maha El Dimachki has been appointed as the new head of the BIS Innovation Hub Centre in Singapore by the Bank for International Settlements (BIS), starting from October 1, 2023.
Facts
- El Dimachki will join the BIS Innovation Hub (BISIH) team, bringing with her over two decades of financial services experience.
- Prior to joining BIS, El Dimachki worked at the Financial Conduct Authority (FCA) in the UK since 2021, where she currently heads the early and high-growth oversight department.
- El Dimachki previously served as the head of the payments department at the FCA and held the position of chief payments officer at Pay. UK. She has also held senior positions at commercial banks such as RBS, Bank of America Merrill Lynch, and National Australia Bank.
- Cecilia Skingsley, head of the BIS Innovation Hub, highlights El Dimachki’s diverse experiences from both the public and private sectors, emphasizing her understanding of the importance of rules while fostering innovation.
- The BIS Innovation Hub’s Singapore Centre was established in 2019 and focuses on projects related to central bank digital currencies (CBDCs) and next-gen financial market infrastructures (Nexus).
- Currently, the Singapore Centre is collaborating with the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand to establish connections between their domestic payment systems.
