He is to start at his new post on August 1.
Kazāks has been Chief Economist for Swedbank in Latvia since 2005, and is already a member of the consultative Fiscal Council which advises government on economic policy.
He was recommended for the post by the bank itself. Its vice-governor and current acting governor Zoja Rasmusa said Kazāks has far-reaching views and excellent knowledge of economics.
The move puts Kazāks in the running as a possible next governor, subject to a pending corruption case against the incumbent, Ilmārs Rimšēvičs (who denies he has done anything wrong).
The council currently includes Zoja Razmusa, Vita Pilsuma, Arvils Sautiņš and Aivars Skopiņš.
