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France

Ex-IMF chief Strauss-Kahn takes job as bank boss

© AFP

Text by FRANCE 24

Latest update : 2013-09-25

Disgraced former IMF chief Dominique Strauss-Kahn appears to be making a career comeback after he was named head of a multinational investment firm. The news comes just weeks after Serbia announced that he had been hired as a government advisor.

Disgraced former IMF chief Dominique Strauss-Kahn has been named head of a multinational investment firm, in what is the latest development in an apparent, if not surprising, comeback.

Strauss-Kahn’s career was left in ruins in May 2011 after Nafissatou Diallo, a maid at a New York hotel, accused him of sexual assault. In the months leading up to the scandal, Strauss-Kahn had looked to be on an upward trajectory. Renowned as a brilliant economist, he had also emerged as a favourite to take on then-French president Nicolas Sarkozy in the country’s 2012 election.

But then everything came crashing down. Strauss-Kahn was forced to resign from his position at the International Monetary Fund, his presidential hopes dashed. Although criminal charges against him were later dropped, he settled a civil lawsuit lodged by Diallo for an undisclosed amount.

Yet Strauss-Kahn’s troubles were far from over. He was subsequently accused of sexually assaulting a French journalist during a 2002 interview and then implicated in a prostitution ring. He now awaits trial in France where he faces pimping charges in what has become known as the Carlton Affair. Strauss-Kahn has denied any wrongdoing.

But Strauss-Kahn has refused to let the scandals bury him, instead using his experience to rebuild a career in finance. Earlier this month, Serbia announced that he had been hired as a government advisor. On top of that, his public relations aide has now published a statement announcing Strauss-Kahn was appointed president of an investment firm with operations in finance centres including Switzerland, Luxembourg, Monaco, Belgium, Israel and Romania.

According to the statement, the firm was founded by French banker Thierry Leyne in 1994, and will undergo a name change from its current Anatevka to LSK - Leyne, Strauss-Kahn and Partners. Strauss-Kahn will be responsible for developing its investment banking and debt-restructuring activities.

(FRANCE 24 with wires)

Date created : 2013-09-25

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