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.