BCR chief economist, head of brokers association to run against president of Bucharest Stock Exchange

Lucian Anghel (in picture), the chief economist with BCR, the largest Romanian lender, is up for the presidency of the Bucharest Stock Exchange (BSE). Dan Paul, the head of the Brokers' Association in Romania is the only other candidate running against Stere Farmache, the current BSE president. Farmache was The BSE Chief Executive from 1995 until becoming president in 2008, and was re-elected president in 2010. He is now running for another mandate. Lucian Anghel has been working with BCR since 1997 and is now chief economist and executive director of the strategy and development division with the bank. Dan Paul has been running the Brokers Association in Romania since 2005. He tried to become president of the BSE in 2010 but lost to Stere Farmache. Dan Paul runs the Finaco Securities brokerage company and has been working as a broker since 1997. The Bucharest Stock Exchange will select new members of the board and a new president on January 9, at its shareholders' meeting. The Bucharest Stock Exchange is owned by brokerage companies as well as institutional investors – like foreign investment funds, pension funds and SIFs. Corina Saceanu, corina@romania-insider.com (photo source: BCR)