The German Bundesbank's Executive Board has approved an immediate reallocation of responsibilities. Board member Lutz Lienenkämper will, until further notice, assume responsibility for the areas previously overseen by Burkhard Balz, covering cash, the digital euro, and payment and settlement systems. Balz will retain responsibility for the Center for International Central Bank Dialogue until he leaves the Executive Board at the end of August 2026. The updated allocation leaves President Joachim Nagel responsible for board affairs and international matters, communications, legal, strategy and innovation, and economics. Vice President Sabine Mauderer continues to oversee controlling, accounting and organization, markets, and sustainability. Lienenkämper's remit now includes cash, compliance, the digital euro, human resources, internal audit, and payment and settlement systems, while Michael Theurer remains responsible for financial supervision and financial stability and Fritzi Köhler-Geib for data and statistics, the research center, information technology, and risk controlling.
German Bundesbank2026-07-01
German Bundesbank reallocates board responsibilities with Lutz Lienenkämper taking cash digital euro and payments portfolios
The German Bundesbank has immediately reassigned Executive Board responsibilities, with Lutz Lienenkämper taking over cash, the digital euro, and payment and settlement systems from Burkhard Balz. Balz keeps responsibility for the Center for International Central Bank Dialogue until his departure from the board at the end of August 2026. The move also restates the wider division of portfolios across the board.