Jaime Caruana became General Manager of the Bank for International Settlements on 1 April 2009. Previously, Mr. Caruana was Financial Counsellor to the Managing Director and Director of the Monetary and Capital Markets Department of the International Monetary Fund. From 2000 to 2006, Mr. Caruana was the Governor of the Bank of Spain, Spain's central bank, and in that capacity, served on the Governing Council of the European Central Bank. He was also the Chairman of the Basel Committee on Banking Supervision from 2003 to 2006 and has been a member of the Financial Stability Forum (now the Financial Stability Board) since 2003. Prior to joining the Bank of Spain, Mr Caruana worked in the private financial sector for nearly 10 years. Mr Caruana is also a member of the Group of Thirty.