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EBRD names Russian exile Sergei Guriev as new chief economist

Published 2015-11-03, 07:34 a/m
© Reuters. EBRD names Russian exile Sergei Guriev as new chief economist

LONDON, Nov 3 (Reuters) - The European Bank for
Reconstruction and Development named Russian Sergei Guriev, a
former Russian government adviser, as its new chief economist on
Tuesday.
Guriev, who is currently teaching at Sciences Po political
institute in Paris, will not join the EBRD until the middle of
next year, however, meaning it will have been without a
permanent chief economist for over 1-1/2 years.
The appointment of Guriev will raise eyebrows in Russia,
once the EBRD's biggest country of operation but to which it has
stopped all new lending in keeping with Western sanctions over
Ukraine.
Guriev was a Russian government adviser and served on the
board of state bank Sberbank but left for Paris in early 2013
amid what was a growing clampdown on groups and individuals
critical or independent of President Vladimir Putin.
He was questioned in an investigation into defunct oil firm
Yukos, whose founder Mikhail Khodorkovsky, a Putin critic, was
jailed in 2005 for fraud.
The Kremlin was not immediately available for comment.
The EBRD bank's economics department has also undergone a
major shake-up since former chief economist Eric Berglof left at
the start of this year.
Responsibility for individual country forecasts no longer
lies with the chief economist, but rather with bank's 'Country
and Sector' department, while the chief economist oversees
research and the bank's large scale surveys.

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