By Balazs Koranyi and Francesco Canepa

FRANKFURT (Reuters) -Euro zone officials have embarked on a two-year process to replace most of the European Central Bank’s executive board, including President Christine Lagarde, raising questions along the way about how well the institution represents the people it serves.

In contrast to the U.S. Federal Reserve, which gets a new leader next year and faces criticism from the Trump administration over interest rates, the ECB can be sure its independence will not be challenged in the reshuffle and policy will not be questioned.

Yet, the same EU institutional complexities that shield the ECB from politics in deciding policy, have also left it trailing the already-weak diversity record of global central banking – a field dominated by white men from b

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