Karen Birkel is the Deputy Head of the Market Infrastructure Management division of the Directorate General Market Infrastructure and Payments of the European Central Bank (ECB). Her department is responsible for operating the TARGET2 system, TIPS as well as TARGET2-Securities. In that capacity she is chairing the T2S Operational Managers Group (OMG), with members of Central Securities Depositories and Central Banks. Her team is also closely involved in the ongoing project activities in the Directorate General.
Previously Karen was responsible for the functionality of T2S and chaired the T2S Change Review Group at the ECB.
Before joining the ECB in 2009, Karen worked on projects in the area of capital markets at European banks and institutions since 1998.