Joachim Nagel Eyes ECB Presidency as Lagarde’s Term Nears End

A German has never led the ECB—until now? Nagel’s warnings on AI-driven markets and private credit risks could reshape Europe’s financial future.

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2025 November 14 . 3:14 AM

1 min read

It is an expo conducted by University there is a table and on the table there are different... — It is an expo conducted by University there is a table and on the table there are different countries flags, a box, some papers and also a banner is kept, to the left side there is a globe ,to the right side there is a notice board and the beside the bord there are few people and to the left there are lot of tables and chairs.

Joachim Nagel Eyes ECB Presidency as Lagarde’s Term Nears End

Joachim Nagel, the current President of the German Bundesbank, has emerged as a potential candidate to succeed Christine Lagarde as President of the European Central Bank (ECB). Lagarde's term concludes in October 2027, and Nagel's name has been circulating as a possible successor.

Nagel, who has successfully integrated the Bundesbank within the Eurosystem, has not explicitly confirmed his candidacy. However, he has hinted at his interest, stating that he could be a candidate for the next ECB presidency.

In his role, Nagel has raised concerns about several issues. He recently warned about the risks posed by private credit funds, which manage over $1.7 trillion in assets. Nagel called for a stronger international data framework to assess and identify risks in these funds.

Additionally, Nagel expressed concern about stock market surges driven by U.S. tech giants investing heavily in artificial intelligence (AI). He believes these trends could have significant implications for financial stability.

Meanwhile, Luis de Guindos, Lagarde's deputy, will step down from the ECB's Executive Board in May 2026. This move could pave the way for Nagel's potential appointment, as no German has ever held the ECB presidency.

With Lagarde's term nearing its end, the ECB presidency is set to change hands. Nagel's experience and views on key issues make him a strong candidate. However, the final decision will depend on the selection process and the views of the European Council and the European Parliament.