Argentine President Alberto Fernández appointed Eduardo Hecker as the new chairman of state-run Banco de la Nación Argentina, replacing Javier González Fraga, according to a decree published in the country's official gazette.

Hecker was a former chairman of Banco de la Ciudad de Buenos Aires, another state-owned bank, and was also a former chief of the CNV securities commission, according to a report by Argentine news website Infobae.

Meanwhile, Fernández also named Matías Tombolini as vice chairman of the state-owned bank, replacing Lucas Llach.

Both González Fraga and Llach were appointees of former President Mauricio Macri.