Daily Archives: July 6, 2011

Claire Jones

In the race to succeed Lorenzo Bini Smaghi (who has said he expects to step down before the end of the year) on the European Central Bank’s executive board, two frontrunners have emerged: IMF executive director Ambroise Fayolle, and second in command at the French Treasury Benoit Cœuré.

Both are highly regarded, as is outside bet Jean-Pierre Landau, a deputy governor at Banque de France, though his age may preclude a move to Frankfurt.

Cœuré is considered by some to have the edge because of the direct financial markets experience he has picked up during his time at the treasury.