Ex-Baker & McKenzie Chair Lagarde Tapped as First Woman, Lawyer to Lead European Central Bank
Christine Lagarde has temporarily stepped down from her role as managing director of the International Monetary Fund while her nomination is considered.
July 03, 2019 at 02:39 PM
2 minute read
The original version of this story was published on The American Lawyer
Christine Lagarde, the first woman to lead Baker & McKenzie, notched another career milestone on Tuesday when she was tapped as the first lawyer to serve as the next president of the European Central Bank.
Lagarde, 63, is poised to be the first woman and the first non-economist to lead the bank, which sets monetary policy for the eurozone. She has served as the managing director and chairwoman of the International Monetary Fund since 2011.
"Christine Lagarde will, with her international background and standing as current managing director of the International Monetary Fund, be a perfect president of the European Central Bank," said Donald Tusk, president of the European Council, when announcing her nomination on Tuesday.
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