Skip to navigation

Skip to content

Forthcoming change of Director General of Finance

Reference: 2006-005-EN

Date: 19/01/2006

  • Plans in place for orderly transition
  • Successor to be announced in due course

EIB today announced that René Karsenti, Director General of Finance at the Bank for the past ten years, will be leaving to join ICMA (the International Capital Market Association) as Executive President. The precise timing of his departure will be announced at a later date, but is expected to be during the second quarter of 2006.

Plans are in place to ensure an orderly transition to a new Director General of Finance, and the successor will be announced in due course.

The European Investment Bank, based in Luxembourg, was set up under the Treaty of Rome in 1958. Owned by the European Union Member States, the EIB finances projects that contribute towards the integration, balanced development and economic and social cohesion of the Member Countries. Besides its activities in the EU Member States, the EIB finances projects in EU Acceding and Accession countries, as well as implementing the financial components of agreements concluded under European development aid and cooperation policies. The EIB operates on a non-profit maximising basis and lends at close to the cost of borrowing. The Bank has consistently enjoyed a AAA rating.