Lia Tase, Isărescu's right hand on market operations, retires

Lia Tase, governor Mugur Isărescu’s right hand at the helm of the market operations department within the National Bank, with tens of billions of euros under management, has stepped down from her position as manager by retiring.

She ran the division that acts as the operational command centre of the NBR (National Bank of Romania), and oversaw international reserves currently approaching 35 billion euros, daily forex and monetary market operations, and operations with the state Treasury for more than ten years. This is where liquidity is regulated from via the interbank market and where direct/indirect interventions to moderate the RON/euro exchange rate trend start from. This is also where Isărescu personally coordinated NBR response from to attacks launched against the RON in the autumn of 2008.
Lia Tase was one of the lowest-profile executive managers in the NBR, but a respected professional among the community of commercial bank dealers.