Free Trial

MNI BRIEF: Buba Exec Board Resignation Prompts Reorganisation

(MNI) London

Bundesbank Executive Board member Joachim Wuermeling will leave the bank at the end of 2023, it was announced Friday, with a new Directorate General Strategy and Innovation to be created under Buba president Joachim Nagel.

Vice-president Claudia Buch will take over the Directorate General Banking and Financial Supervision, and succeed Wuermeling on both the ECB’s Supervisory Board and the Basel Committee on Banking Supervision from April 1. Wuermeling joined the central bank in 2016, and is leaving to take up a new position.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.