Yoon Myun-shik attends an Economic Policy Symposium in Jackson Hole, Wyoming, on August 29, 2015. Photo: Reuters/Jonathan Crosby

South Korea’s central bank on Sunday said Yoon Myun-shik, a veteran central banker, had been named as its senior deputy governor and new voting member of the monetary policy board.

Yoon, a deputy governor whose expertise is in monetary policy, replaces Jang Byung-wha, who finished his three-year term on June 24, the Bank of Korea said in a statement.

With Yoon taking office as the BOK’s No 2 official, the bank’s monetary policy board will have the full contingent of seven voting members for its next interest-rate decision on August 31.