The International Monetary Fund (IMF) vacancy created by Reza Moghadam’s resignation earlier this year to JPMorgan has been filled by Poul Thomsen, who assumes the role of Director of the European Department.
Back in July, Mr. Moghadam parted ways with the IMF to become JPMorgan’s Vice Chairman. Now, Mr. Thomsen will be tasked with managing the Fund’s European operations, in light of his vast experience in the region.
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During the recent global financial crisis, Mr. Thomsen helped steer Iceland out of a financial cataclysm, while also leading IMF programs in Greece and Portugal.
According to Christine Lagarde, Managing Director of the IMF, in a recent statement on the appointment, “In his 32-year career at the Fund, Poul has made many invaluable contributions as a staff member, manager, and senior leader in the institution. He is highly respected inside and outside the Fund for his intellectual leadership, operational experience, and technical expertise. In recent times, he has played an especially pivotal role in our work in some of our most challenging programs in Europe.”
“The Management team and I are confident that Mr. Thomsen is the right person for this important position at this time and we look forward to continue working with him into the future,” Lagarde added.