Korean economist Shin Hyun-song was named economic adviser and head of the research unit of the Bank for International Settlements, the Swiss-based organization said on Tuesday.
It is the first time that the global banking organization headquartered in Basel has appointed a non-American, non-European to the key advisory post.
Shin became a professor of economics at Princeton University in 2006 and is currently on an unpaid leave of absence for his five-year term at the BIS.
The economist had also served as an adviser to then-President Lee Myung-bak on the Group of 20 Seoul Summit in 2010.
koreaherald@heraldcorp.com
