BIS names Maha El Dimachki as new head of Singapore innovation hub
The Bank for International Settlements (BIS) has appointed Maha El Dimachki as the new head of the BIS Innovation Hub Centre in Singapore, effective 1 October 2023.
Maha El Dimachki joins the BIS Innovation Hub (BISIH) team
With more than two decades of financial services experience, El Dimachki will join BIS from the Financial Conduct Authority (FCA) in the UK, where she has worked since 2021. She currently heads the early and high-growth oversight department at the regulator, leading the team in charge of providing supervisory support for start-up firms.
She was previously head of the payments department at the FCA and had a brief stint as chief payments officer at Pay.UK. She has also held senior positions at various commercial banks including RBS, Bank of America Merrill Lynch, and National Australia Bank.
Cecilia Skingsley, head of the BIS Innovation Hub, says El Dimachki “brings a rich set of experiences from both the public and private sector and she understands the importance of rules while allowing for innovations”.
“With a rich international background and a purpose-driven agenda especially in payments, Maha brings great skills and values to the team at the Singapore Centre,” Skingsley adds.
The BIS Innovation Hub’s Singapore Centre was established in 2019, focusing on projects including central bank digital currencies (CBDCs) and next-gen financial market infrastructures (Nexus). It is currently working with the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in a bid to connect their domestic payment systems.
