The trustees of the IFRS Foundation have appointed Bill Coen as the new chair of the IFRS Advisory Council, effective immediately.
The Advisory Council supports the trustees by providing “strategic advice”, and Coen has been appointed to chair the council and “consider how to improve its effectiveness”.
Coen was previously secretary general of the Basel Committee on banking supervision from 2014 to 2019 and deputy secretary general from 2007 to 2014.
In his role as secretary general, he chaired the committee’s Policy Development Group, its corporate governance task force and the coherence and calibration task force. He then served on the IFRS Advisory Council from 2016 until 2019.
Coen will serve as chair for 12 months, after which the trustees will look to appoint a new chair through a public nomination process.
Erkki Liikanen, chair of the IFRS Foundation Trustees, said: “I am pleased to welcome Bill in his new role as chair of the Advisory Council. He is highly qualified and has the skills needed to steer the group at this juncture.”