Former IMF chief to join Ukrainian bank

ABU DHABI, 4th February 2016 (WAM) --- The former head of the International Fund, IMF, Dominique Strauss-Kahn, is joining the board of a bank owned by Ukranian billionaire, Viktor Pinchuk.

Kiev's Kredit-Dnipro Bank was quoted by French broadcaster France24 as saying that the decision to accept Strauss-Kahn and five others to the advisory body was taken on Monday and goes into immediate effect.

It added that Strauss-Kahn would serve as an independent committee member who does not represent shareholders' interests.

Pinchuk is the son-in-law of former Ukrainian president, Leonid Kuchma, and is believed to have holdings worth US$1.43 billion, according to Forbes magazine.

Strauss-Kahn led the International Monetary Fund from 2007 until his forced 2011 resignation over rape charges in a New York hotel. The scandal derailed the Frenchman's presidential ambitions, even though it was later dismissed in court. He was acquitted in 2015.

Straus-Kahn made one of his first post-resignation public appearances in Kiev when he spoke to students at the personal invitation of Pinchuk.


WAM/MMYS/Moran