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Mr Noyer's term will commence on 7 March 2013 after the expiration of his current term of office. He first assumed his responsibilities as Chairman of the BIS Board on 7 March 2010. Mr Zöllner's appointment fills the vacancy being created by the retirement of Günter Pleines, who has been at the BIS since 1981 and has headed its Banking Department since 2005.
In his new role, Mr Zöllner will be a member of the Bank's Executive Committee, thus contributing to the general management of the BIS, and will be in charge of banking operations and services. These are conducted from the BIS's Basel headquarters and its Representative Office for Asia and the Pacific, located in Hong Kong SAR.
Mr Zöllner is currently a Member of the Governing Board and Executive Director for Financial Market Operations at the Central Bank of the Republic of Austria (OeNB). Mr Zöllner started his career at the OeNB in the Banking Department in 1980 and has been a Member of the Governing Board and Executive Director since 1998. Between 1991 and 1996, Mr Zöllner was Economic Policy Adviser to the Austrian Federal Chancellor. He holds a PhD from Vienna University.