Economics
Elderson Wins Euro-Area Race to Join Lagarde’s Team at ECB
- Euro-area finance chiefs pick Dutchman over Slovenia’s Jazbec
- Nomination means Executive Board won’t achieve gender balance
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Frank Elderson is on course to become the first Dutchman in 17 years to serve on the European Central Bank’s top policy team after he prevailed over his Slovenian rival for the job.
Euro-area finance ministers meeting by video on Monday picked the 50-year-old supervision official over former Governing Council member Bostjan Jazbec. The Dutch central banker is now the sole candidate to succeed Yves Mersch, whose stint on the Executive Board of the Frankfurt-based institution ends in mid-December.