BIS appoints Maha El Dimachki as new Head of the Innovation Hub Singapore Centre

The Bank for International Settlements (BIS) has announced that Maha El Dimachki will join the BIS Innovation Hub (BISIH) team as the new head of the Singapore Centre, starting on 1 October 2023.

Ms El Dimachki is currently Head of Early and High Growth Oversight at the UK’s Financial Conduct Authority (FCA), leading a team in charge of providing supervisory support for start-up firms. Previously, she headed the FCA’s payments department and served as chief payments officer of Pay.UK, the country’s operator of retail interbank payment systems. She also had senior positions in commercial banks.

Ms El Dimachki, an Australian national, has a degree in commerce marketing from Macquarie University in Sydney and a master’s in Public Policy from the London School of Economics.

The BIS Innovation Hub Centre in Singapore was established in 2019. Its projects have focused on Central Bank Digital Currencies (Projects Dunbar and Mariana; technology applied to supervision and regulation (Viridis and Ellipse) and next-generation financial market infrastructures (Nexus). It is currently collaborating with the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand as they work towards connecting their domestic payment systems.

“I am delighted to welcome Maha to the BIS Innovation Hub. She brings a rich set of experiences from both public and private sector and she understands the importance of rules while allowing for innovations.” – said Cecilia Skingsley, Head of the BIS Innovation Hub. “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,” said Cecilia Skingsley, Head of the BIS Innovation Hub.