ECB Leadership in Flux as Lagarde Era Nears End

A changing of the guard at the European Central Bank (ECB) helm is expected to occur soon, but its choreography remains unclear.

The resignation of Isabel Schnabel last week has set off a chain reaction towards selecting her successors for running markets and those of President Christine Lagarde and Chief Economist Philip Lane.

Two key contenders for the top role are Spaniard Pablo Hernandez de Cos and his Dutch rival Klaas Knot, but another candidate could still emerge due to the complex nature of EU decision-making.