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Mexico's AMLO nominates 2 to central bank board

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Mexico's AMLO nominates 2 to central bank board

Mexican President Andrés Manuel López Obrador has tapped Jonathan Ernest Heath Constable and Gerardo Esquivel Hernández to serve on the board of governors at Banco de México, the country's central bank.

The president, who took office in December 2018, submitted the two names to Mexico's Permanent Commission of Congress on Jan. 8.

Economy Minister Carlos Urzúa had backed the proposal of Esquivel for Undersecretary of Expenditures for the Treasury, but announced in November 2018 that Esquivel would instead replace central bank deputy governor Roberto del Cueto, who resigned for health reasons in Nov. 30, 2018.

Esquivel is currently the executive coordinator of the national Belisario Dominguez Institute.

Heath, an independent consultant and former chief economist at Serfin and HSBC Mexico SA, will step in for Manuel Ramos de Francia, who left the Board of Governors on Dec. 31, 2018.

If approved, the two appointments would complete the central bank's board of governors.