The European Bank for Reconstruction and Development has named András Simor as Vice President, Policy. Reporting directly to the President, Mr Simor will also be a member of the Bank’s Executive Committee. He will take up his new position on 1 July 2013.
Mr Simor will bring a wealth of experience from the financial sector to the EBRD. The last position that he held, prior to his appointment at the EBRD, was Governor of the National Bank of Hungary from 2007-2013. Previously, Mr Simor served as Chairman of the Board of the Budapest Stock Exchange and held senior positions in the private sector.
The appointment of Mr Simor was made after a competitive selection process which attracted international interest. The nomination of Mr Simor was approved by the EBRD Board of Directors, following a proposal by President Sir Suma Chakrabarti who said: “We are honoured by the extremely strong field of candidates who have expressed their interest to serve at the EBRD. In András Simor we have selected someone who will bring his wide skills and experience to the Bank.”
Mr Simor added: “I am delighted to have been chosen for this position. The EBRD is a crucial actor in the transition of the countries where it operates and it is a privilege to help to strengthen and expand the Bank’s work and position. I look forward to being able to build on the strong foundations that already exist at the EBRD.”
The EBRD Vice President, Policy, is responsible for leading the coordination of strategies, policies and related initiatives supporting the Bank’s transition mandate. The Vice President also has responsibility for the mobilisation and management of donor funds and for the oversight of the Bank’s engagement with certain external stakeholders and organisations.