Alejandro Díaz de León, a member of the Yale SOM Class of 1995, will succeed Agustín Carstens as governor of the Banco de México, the country’s central bank, President Enrique Peña Nieto announced on November 28.
Díaz de León has served as a deputy governor at the Banco de México since January 2017. He began his career at the bank in 1991, serving in various roles until being named general director of Mexico’s National Pension Fund of State Workers in 2007. From 2011 to 2015 he was head of the Debt Management Office at Mexico’s Ministry of Finance, and from 2015 to the end of 2016 was general director of the country’s Foreign Trade Bank.
In an article reporting the appointment, the Financial Times says that Díaz de León “is seen as a safe pair of hands to guide monetary policy as Mexico heads for a potentially turbulent year with presidential elections in July and uncertainty over the future of the North American Free Trade Agreement hanging over the country.”