India-born Suma Chakrabarti will succeed Germany's Thomas Mirow as the President of the European Bank for Reconstruction and Development (EBRD), which has been supporting economic transition in former Eastern Bloc countries and Soviet republics for the last two decades.
With the election of Mr. Chakrabarti, a British national is for the first time at the top of the London-based East European Bank.
Until now, the post was held alternatively by German and French nationals. Former German President Horst Koehler led the bank between 1998 and 2000.
Mr. Chakrabarti will begin his four-year term on July 3.Born in 1969 in Jalpaiguri, West Bengal, Mr. Chakrabarti has been serving as a permanent secretary in the U.K. Ministry of Justice since November, 2007.
He had also represented the British government at the International Monetary Fund and the World Bank.
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