Indian-American Investor Sunil Sabharwal Occupies Key IMF Position


Posted on:05 Mar 2016 09:32:48

Indian-American Investor Sunil Sabharwal Occupies Key IMF Position
05 March 2016 Current Affairs: Sunil Sabharwal has become the first Indian-American to occupy a key administration post at the IMF, three weeks after he was confirmed by the Senate .Mr Sabharwal, who was confirmed by the US Senate after a long waiting, assumed the position as Alternate Executive Director of the International Monetary Fund .Given that the US commends more than 16.81 per cent of the total IMF voting share; this is one of the most powerful position in the International Monetary Fund.Mr Sabharwal served as board chairman of Ogone, a European e-commerce payment services firm, from 2011-13 .He was senior vice president, strategic investments, at First Data Corp/Western Union and from 1997-2003, held executive posts at GE Capital, including managing director.From 1992-96 Mr Sabharwal worked at the European Bank for Reconstruction and Development, lastly as principal banker.


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