ECB FARCE IN HUNT FOR NEW CHIEF

THE ECB face being rudderless for up to a year after confirming they will restart a convoluted process to recruit a new chair that began in October. The ECB Board met earlier this week and opted to invite fresh applications for the role after their nominations committee rejected all the candidates on a three-strong shortlist. Senior independent director Brenda Trenowden will lead the search after replacing Ron Kalifa as chair of the ECB’s nominations committee, following his decision to apply for the role himself — described by industry sources as ‘unprecedented’. The previous search took seven months from the announcement of Ian Watmore’s departure to the final round of interviews, so there is little prospect of a quick appointment.