People: Arce to lead ECB economics directorate

SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more

Fritz Zurbrügg. Photo: SNB/P von Ah

EU: Óscar Arce will become the new director-general economics at the European Central Bank from the first quarter of next year, the ECB announced December 7. He succeeds Frank Smets, who has held the post since February 2017.

Smets, a Belgian national, is taking a year of unpaid leave and will return in 2023 in a “principal adviser” role.

Arce comes to the ECB from the Bank of Spain, where he has served as director of economics, statistics and research since 2018. The holder of PhDs in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account