FleeceBook: Meet Benoit Gilson, Head of Foreign Exchange & Gold At The BIS

Tyler Durden's picture

We are happy to announce that starting today, and going forward every week, as part of a new feature dubbed, appropriately enough, FleeceBook, we will introduce our readers to one, previously largely unknown member of the ruling banker aristocracy: an individual who is as far from the glamor of the daily media headlines as possible: just the way they like it, and just the way the co-opted media will agree to have it. We hope that by the end of the series, these individuals - all of them perfectly law abiding citizens of their various jurisdictions, at least under conventional legal terms - will form a tapestry of what really happens behind the scenes, especially in a context such as that presented yesterday, where we found that no matter how guilty beyond a reasonable doubt a member of the political-financial elite is, hell would have to freeze before any legal action is taken (for reference, please see the very underrated movie The International). For our inaugural edition on FleeceBook, which will compile various public profiles already posted elsewhere, we present Benoît Gilson, Head of Foreign Exchange & Gold, which he describes as "a really special place to work because it is a link between the markets and the central banks." In other words if confused why gold is imploding on any/every given day, and/or why the EUR is soaring on news of a failed ECB sterilization, now you know who to thank.

From the BIS (highlights ours)

Profile: Benoît Gilson
Position: Head of Foreign Exchange & Gold

The BIS is a really special place to work because it is a link between the markets and the central banks. This means that I can work in the markets, as I was doing before, while taking a central bank perspective. I find it very interesting to talk to the central bankers who call us for advice, information and market liquidity summary, and I love having a foot in both camps.

As we act as market-makers for BIS products in currencies and gold, we maintain relationships with all market counterparties to ensure sufficient liquidity for our customers and appropriate hedging instruments. We are focused on central banks and international institutions, helping them implement foreign exchange interventions, build their reserves, diversify their portfolios or modify their reserve currency allocation. We can also help them to manage their gold reserves. Of course, many of the issues we deal with are highly confidential, so discretion is very important.

Working here has many advantages in terms of lifestyle. While you don't earn the kind of huge bonuses you could in London, you get exposure to some of the most interesting people in the industry. The selection process here is pretty tough, so you automatically have good people around you and can get involved in some challenging debates.

I have to say that I really enjoy Basel too. I was working in Luxembourg before, which was another wonderful small city. In Basel, I can go home and be running alongside the Rhine and watching the sun set in 10 minutes. And, of course, you often encounter your colleagues out and about, which fosters a very friendly working environment. The senior managers here go out of their way to be accessible, so if you see them in the supermarket you can be sure that they'll have a chat with you.

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alfbell's picture

Wait until big meeting at the BIS, when everyone is present. Helicopter drops a nuke on the building. Let's start a fund up and begin taking donations to purchase the nuke and lease a helicopter.

Cycling Fish's picture

And if anything happens to this guy, expect zerohedge to be taken down.

Ted Baker's picture


Shigure's picture

I hope ZH has a big file of these profiles saved (I'm sure you have taken this precaution), because a lot are going to disappear from public view or get edited now this feature is running

Downtoolong's picture

He looks like a member of SPECTRE, right out of an old James Bond film.

And a little bit like Maxwell Smart too.


epwpixieq-1's picture

It may be time to fight/blind the Evil with light/lasers, and I leave to you the interpretation of the laws of the physical Universe.


nastaking's picture

It's a strange time to announce a smartphone, close to Christmas and pre-CES, but Samsung has introduced the S360 Touch Screen Grand.

Intoxicologist's picture

What a complete gaytard. 

Nauseating bio, and the expression on his face is, "I have a giant stick up my ass."

The expression on his ass is, "And I like it."

I can't wait to see the complete lineup of these barnacles.

Yay, Tyler!

MeelionDollerBogus's picture

I did just watch the International. Truly, that was fitting, so accurate about hsbc (oops, I mean IBBC) bank

Cursive's picture

I'm hoping that the locals start chatting it up pretty hard with these "managers" at the local supermarket.