GENEVA/FRANKFURT — The World Economic Forum (WEF) could appoint European Central Bank (ECB) President Christine Lagarde as its new chair as early as November, according to people familiar with the matter.
The potential leadership transition at the WEF would also clear a path for a broader reshuffle at the helm of the ECB, potentially leading Lagarde to step down from her central bank post ahead of schedule.
While official announcements have not yet been finalized, the prospective appointment has drawn widespread attention across financial markets, as an early departure by Lagarde would initiate changes in key European monetary leadership.