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ECB picks new top adviser for Lagarde

Published by Global Banking & Finance Review

Posted on July 25, 2025

1 min read

· Last updated: January 22, 2026

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ECB picks new top adviser for Lagarde
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FRANKFURT (Reuters) -The European Central Bank said on Friday it had picked Isabel Vansteenkiste as President Christine Lagarde's new top adviser, replacing Roland Straub who would take up a new role

ECB Appoints Isabel Vansteenkiste as Lagarde's New Top Adviser

New Leadership at the ECB

FRANKFURT (Reuters) -The European Central Bank said on Friday it had picked Isabel Vansteenkiste as President Christine Lagarde's new top adviser, replacing Roland Straub who would take up a new role at the ECB.

Background of Isabel Vansteenkiste

Vansteenkiste, currently director general for the ECB's international and European relations, rose to prominence during the debt crisis of 2010-12, when she represented the central bank in the so called troika of institutions that bailed out Portugal, among other countries.

Changes in ECB's Executive Board

The Belgian economist would now become Lagarde's principal counsellor and the coordinator of the counsel to the ECB's Executive Board, a role that Straub had occupied since 2017.

The German economist was now set to become the deputy director general of the ECB's market operations. Both appointments would become effective on 15 September, the ECB said.

(Reporting By Francesco Canepa)

Key Takeaways

  • Isabel Vansteenkiste appointed as ECB President Lagarde's top adviser.
  • Vansteenkiste replaces Roland Straub in the role.
  • Straub to become deputy director general of ECB's market operations.
  • Vansteenkiste was prominent during the 2010-12 debt crisis.
  • Appointments effective from 15 September.

Frequently Asked Questions

What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, aiming to maintain price stability.
What is an adviser in a banking context?
An adviser in banking is a professional who provides expert advice on financial matters, helping clients make informed decisions regarding investments, loans, and financial strategies.
What is the role of a central bank?
A central bank manages a country's currency, money supply, and interest rates, and oversees the banking system to ensure financial stability.

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