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IIF Promotes Hung Tran to the Position of First Deputy Managing Director

Washington D.C., December 14, 2012 — The Managing Director of the Institute of International Finance, Mr. Charles Dallara, today announced the promotion of Mr. Hung Tran, currently Deputy Managing Director and Counsellor, to the position of First Deputy Managing Director, with immediate effect.

“Hung joined the Institute in 2007, shortly before the onset of the global financial turmoil. The past five years have not just been exceptionally testing for the world economy; they also resulted in an extraordinary expansion in the services of the IIF. The Institute has been extremely fortunate to have someone of Hung’s experience and qualities in a senior leadership role during this time, when his grasp of highly technical issues, his knowledge of financial markets, and his ability to span a broad range of tasks has shone through. His contribution to the work of the Institute, not least in respect of the historic negotiations to reduce Greece’s debt, where he played a key role, has been outstanding. I expect him to play an even more important role in the future as the Institute’s First Deputy Managing Director,” said Mr. Dallara.

Since joining the IIF Mr. Tran has contributed to the broadening of the Institute’s work by supporting the establishment of the Market Monitoring Group and enhancing the role of the Group of Trustees and the Principles Consultative Group, both of which are responsible for the development and implementation of the Principles for Stable Capital Flows and Fair Debt Restructuring. He was also responsible for the development of the Capital Markets Monitor, one of the leading products of the IIF, and supporting the recent creation of the Council for Asset and Investment Management (CAIM).

Prior to joining the IIF Mr. Tran was Deputy Director of the Monetary and Capital Markets Department at the IMF in Washington, D.C., where among other things he was responsible for the Global Financial Stability Report and assessing the vulnerability of emerging market countries. He has previously worked for Rabobank International, based in London, as Managing Director, Chief Economist and Global Head of Research; for Deutsche Bank in various capacities, including Managing Director, Deutsche Bank Research, in Frankfurt between 1990 and 1995, as well as for Merrill Lynch and Salomon Brothers. The author of numerous books and articles, Mr. Tran was educated at California State University, and completed the doctoral program in economics at New York University.

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Gary Mead
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