Lagarde Discussed Leaving ECB Early for WEF, Schwab Tells FT

European Central Bank President Christine Lagarde has discussed cutting short her term to chair the World Economic Forum, the organization’s departed founder Klaus Schwab told the Financial Times in an interview.

Practical arrangements for Lagarde’s arrival including the reservation of an apartment in the WEF-owned Villa Mundi close to the headquarters of the institution were made, Schwab told the newspaper. Schwab and Lagarde had discussed a plan for her to take over from him as the WEF head for “several years,” he added.