The current chair of Spain’s Securities and Markets Commission (CNMV), Rodrigo Buenaventura, is taking over as the next secretary general of the group of global securities regulators, the International Organization of Securities Commissions (IOSCO) announced Thursday.
IOSCO’s board appointed Buenaventura to a renewable, three-year term as its next secretary general. He is replacing Tajinder Singh, who served in an interim capacity since May, when Martin Moloney left the group to become deputy secretary general of the Financial Stability Board.
Buenaventura will take up his new position in the coming weeks, after his term as chair of the CNMV ends. Singh will then return to his position as IOSCO’s deputy secretary general.
In addition to his role as chair of the CNMV, Buenaventura served as chair of IOSCO’s Sustainable Finance Task Force, as vice-chair of the Organization for Economic Cooperation and Development’s corporate governance committee, chair of the European Securities and Markets Authority’s markets standing committee, and on the boards of IOSCO and ESMA.
“In his different roles, including as IOSCO board member and as chair of the IOSCO Sustainable Finance Task Force, Rodrigo has proven excellence in delivering important achievements for IOSCO,” said IOSCO chair Jean-Paul Servais in a release on Thursday.
“His entire career, including his most recent experience as chairman of the Spanish regulator CNMV, will equip him to guide the general secretariat in supporting IOSCO’s future work at this important juncture,” Servais added.
Buenaventura said he looks forward to his new post.
“I will be privileged to work with the chair and the IOSCO board and for all IOSCO members. I will build on my excellent relations with IOSCO’s stakeholders and will ensure that IOSCO continues to deliver on its objectives,” he said.