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ECB picks former aide to Lagarde and Draghi to lead policy - Finance news and analysis from Global Banking & Finance Review
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ECB picks former aide to Lagarde and Draghi to lead policy

Published by Global Banking & Finance Review

Posted on May 29, 2026

1 min read

· Last updated: May 29, 2026

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Roland Straub Named New Policy Head at the European Central Bank

ECB Appoints New Head of Monetary Policy

Background of Roland Straub

FRANKFURT, May 29 (Reuters) - The European Central Bank said on Friday it had picked Roland Straub, a former adviser to current President Christine Lagarde and her predecessor Mario Draghi, to lead its monetary policy work.

Leadership Transition

Straub, who recently took over as the second in command at the ECB's market operations, will replace another close Draghi aide, Massimo Rostagno, who recently retired. He will start on July 1.

Reporting Details

(Reporting by Francesco CanepaEditing by Ros Russell)

Key Takeaways

  • Roland Straub brings deep institutional experience, having served as Counsellor to both Lagarde and Draghi and most recently as second-in-command in market operations (ecb.europa.eu).
  • Massimo Rostagno, a long-serving Director General for Monetary Policy, retired early on February 28 (bloomberg.com).
  • Straub’s July 1 start ensures continuity in the ECB’s policymaking amid evolving global and euro‑area economic challenges (maseconomics.com)

References

Frequently Asked Questions

Who has the ECB appointed to lead its monetary policy work?
The ECB appointed Roland Straub, a former adviser to Christine Lagarde and Mario Draghi, to lead its monetary policy work.
Who is Roland Straub replacing at the ECB?
Roland Straub is replacing Massimo Rostagno, a former close aide to Mario Draghi who recently retired.
When will Roland Straub start his new role at the ECB?
Roland Straub will begin his role as head of ECB monetary policy on July 1.
What is Roland Straub's background at the ECB?
Roland Straub recently became second in command at the ECB's market operations and previously served as an adviser to both Christine Lagarde and Mario Draghi.

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