Ex-ECB chief Trichet is new chairman of G30

FRANKFURT Tue Nov 22, 2011 10:19pm IST

European Central Bank (ECB) President Jean-Claude Trichet waves as he leaves a euro zone leaders summit in Brussels October 27, 2011.  REUTERS/Francois Lenoir/Files

European Central Bank (ECB) President Jean-Claude Trichet waves as he leaves a euro zone leaders summit in Brussels October 27, 2011.

Credit: Reuters/Francois Lenoir/Files

Related Topics

FRANKFURT (Reuters) - Former European Central Bank president Jean-Claude Trichet is to become the new chairman of the Group of Thirty (G30), an international forum of public and private sector financial leaders, the group said on Tuesday.

Trichet, who was ECB president until his eight-year term expired at the end of last month, succeeds Jacob Frenkel, chairman of JP Morgan Chase International.

The G30 says on its website it aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.

Trichet said in a statement: "This is a time of exceptional challenges to the global economic and financial system, and the G30 will continue to make significant contributions to the policy debate and enhance understanding of the critical paths to stability and to economic growth."

The G30, which used to be known as The Consultative Group on International Economic and Monetary Affairs, is a private, non-profit organisation.

(Writing by Paul Carrel; editing by Anna Willard)

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage