FRANKFURT (Reuters) – The European Central Bank is looking for three new bank supervisors to oversee the bloc’s biggest lenders, replacing officials whose term is expiring later this year, the bank said in a vacancy notice on Wednesday.
The five-year, non renewable terms of Edouard Fernandez-Bollo, Kerstin af Jochnick, and Elizabeth McCaul will expire in quick succession from September, so the ECB must replace half of its internal representatives on the Supervisory Board, whose chair, Claudia Buch, is also new to the job.
“The ECB is seeking suitable candidates of recognised standing and experience in banking and financial matters for three positions of ECB representative to the Supervisory Board,” the ECB said in a job ad.
Candidates have until April 17 to apply and the final selection will be made by the ECB’s 26-member Governing Council.
The ECB’s Supervisory Board, comprised of six internal members and representatives of the 20 euro zone members, oversees more than a hundred of the euro zone’s biggest lenders.
(Reporting by Balazs Koranyi; editing by Christina Fincher)
