UK Government Nominates Suma Chakrabarti To Head EBRD
March 15 2012 - 1:54PM
Dow Jones News
The U.K. government has nominated Suma Chakrabarti to be the new
president of the European Bank for Reconstruction and Development,
a position for which nominations close Thursday.
Thomas Mirow, the current president, wants to serve a second,
four-year term provided the selection process is open and
transparent.
But a U.K. Treasury source said it had put Chakrabarti, the
senior civil servant at the Ministry of Justice, forward for the
job.
"The U.K. Wants the best candidate for the job and we believe
Suma is the best candidate for the job," the Treasury source
said.
Mirow's term ends in July. The EBRD was established in 1991 to
help countries in eastern Europe and the former Soviet Union make
the transition from centrally planned to market economies.
-By Paul Hannon, Dow Jones Newswires, +44 20 7842 9491;
paul.hannon@dowjones.com