Dutch central bank to cut size of governing board

Governing board will be kept at four members when Kellermann steps down

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The Netherlands Bank will reduce the size of its governing board from five to four members when Joanne Kellermann steps down in November, a reflection of the European Central Bank's (ECB's) growing supervisory power.

The governing board is responsible for the day-to-day management of the central bank, and consists of the president, Klaas Knot, and up to five other executive directors.

At present there are four executive directors – Jan Sijbrand, Frank Elderson, Job Swank and Joanne Kellermann –

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