People familiar said ECB executive board member Schnabel will leave early to join the IMF as head of its Monetary and Capital Markets Department, with the move expected in January — well ahead of her eight-year term ending in December next year. Her early exit will intensify pressure on next year’s ECB leadership reshuffle: ECB president Lagarde and chief economist Lane are also due to leave. EU leaders will seek agreement on all three appointments, potentially at the December summit, with Franc

People familiar said ECB executive board member Schnabel will leave early to join the IMF as head of its Monetary and Capital Markets Department, with the move expected in January — well ahead of her eight-year term ending in December next year. Her early exit will intensify pressure on next year’s ECB leadership reshuffle: ECB president Lagarde and chief economist Lane are also due to leave. EU leaders will seek agreement on all three appointments, potentially at the December summit, with France and Germany aiming to retain executive-board seats and Spain also vying for a seat.