Advisor to central bank governor runs for top notch post at the Bucharest Stock Exchange

Lucian Croitoru, advisor to the central bank governor, will run for the vacant board position with the Bucharest Stock Exchange (BSE) after receiving a proposal from bourse representatives.

Croitoru told NewsIn about the proposal and said the new post poses no incompatibility with the current position he holds at the central bank, as BSE is a private institution. Also, he added, there will be no changes in the relationship with the central bank.

The Money Channel said that other two people are running for the post: Valerian Ionescu, head of financial markets with the largest bank by assets Banca Comerciala Romana and Vergil Popescu, vice president of the Brokers Association.

Also, the general manager of the brokerage IFB Finwest, Octavian Molnar, was the first to join in the race. All in all, the four want the administrator post left vacant after the head of the brokerage Broker Cluj, Petru Prunea, had to leave the position.

Prunea was fined by the capital market watchdog CNVM after a fraud was unearthed at one of the units of the company he ran. Therefore, he was banned from the capital market for the next five years.

BSE shareholder will pick a new administrator at a general meeting at the end of the week.

NewsIn