The Executive Board of the European Central Bank (ECB) has appointed Ulrich Bindseil as Director General of Market Infrastructure and Payments (DG-MIP).
Mr Bindseil will replace Marc Bayle, who is leaving the ECB to take up a position in the private sector.
Mr Bindseil, 49, is currently Director General of the Directorate General Market Operations (DG-M), a post he has held since May 2012. He served as Deputy Director General of the same Directorate General from September 2009 and prior to that headed the ECB's Risk Management Division. Mr Bindseil started working in the field of central banking in 1994 in the Economics Department of the Deutsche Bundesbank. He joined the European Monetary Institute in 1997 to work on the preparation of the ECB’s liquidity management. Mr Bindseil studied economics at the University of Saarbrücken.
Mr Bindseil’s appointment will be effective on 1 November 2019.