Luxembourg names new central bank chief

The government of Luxembourg named on Monday a top finance ministry official, Gaston Reinesch, to head the country’s central bank.

Reinesch, a 54-year-old who studied at the London School of Economics, will take up his post in September, with his new title also giving him a seat on the governing council of the European Central Bank.

Currently the finance ministry’s administrator general, he will replace Yves Mersch, who was named to the executive board of the Frankfurt-based ECB which manages monetary policy in the eurozone.