Bundesbank – Wuermeling board leaves prematurely – economy

Bundesbank board member Joachim Wuermeling will leave the German central bank at the end of the year, a few months before his term of office expires. Wuermeling, who has been on the Bundesbank board of directors since November 2016, wants to start a new job in 2024 Federal Bank with. Wuermeling was previously responsible for the Banking Supervision department. Bundesbank Vice President Claudia Buch is to follow him there on April 1st. She takes over from Wuermeling the seat on the supervisory body of the European Central Bank (ECB) and the seat on the Basel Committee for Banking Supervision. Wuermeling is to take over the statistics department from Buch until he leaves the Bundesbank. The newly created central department for strategy and innovation will be in the hands of the president in the future. Meanwhile, the Berlin business school ESMT announced that Wuermeling will strengthen its teaching and research team at the end of the year. One of his main topics will be the digitization of the financial sector.