Mexico's Senate has confirmed Alejandro Díaz de León as a new board member of the country's central bank, according to a statement from the upper chamber of Congress.
Díaz de León will begin his eight-year term in January.
Last month, President Enrique Peña Nieto nominated Díaz de León, head of the government's exporter bank, to replace outgoing member Manuel Sánchez.
Díaz de León is well-known to international investors. He previously ran the finance ministry's debt office, responsible for Mexico's annual crude oil hedging program.