No surprises at the European Bank for Reconstruction & Development after the departure of treasurer Mark Cutis to Nomura. His successor is Marcus Fedder, the 38-year-old former deputy and a member of the EBRD’s only profit-maximizing team since 1991.
Tall, thin, with youthful good looks, and the air of a well-behaved school prefect, Fedder was recruited by René Karsenti, EBRD’S first treasurer, now finance director general at the Euopean Investment Bank (EIB), on advice from friends at the World Bank.
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