She will be taking over from Roland Straub, who has been appointed Deputy Director General Market Operations. Vansteenkiste has been with the ECB for 23 years and is currently serving as Director General International and European Relations at the central bank. She will take up the new role starting on 15 September.
She is to advise president Lagarde on “a wide range of economic and strategic policy matters and support preparations” for both the Executive Board and Governing Council meetings.
Well, Lagarde herself might not be needing advise for too much longer as she might be leaving the ECB to head the WEF soon enough.
This article was written by Justin Low at investinglive.com.