IMF chief nominates new deputy
Afp, Washington
International Monetary Fund chief Rodrigo Rato Thursday nominated a new deputy to succeed Anne Krueger, who is stepping down after five years in the job. US national John Lipsky, vice chairman of JPMorgan Investment Bank, would take over as the IMF's first deputy managing director from September if confirmed by the Fund's executive board. Lipsky, 59, worked at the IMF for 10 years until 1984 before leaving for Wall Street. "Since then he has enjoyed a highly successful career working as an economist on financial markets," Rato said in a statement. "This breadth of skills and experience will enable him to make a major contribution in the period ahead as we implement the Fund's medium-term strategy," he said. US Treasury Secretary John Snow said Lipsky was "an excellent choice and a worthy successor to Anne Krueger".
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