EBRD appoints new director for Romania

Italian Matteo Patrone will take over as new Director for Romania at the European Bank for Reconstruction and Development (EBRD) starting July 1, 2015. He follows James Hyslop who has returned to London as EBRD’s new Director for Municipal and Environmental Infrastructure. Matteo Patrone previously held the position of EBRD Director for Serbia. Since his appointment in November 2012, the Bank has invested over EUR 1 billion in Serbia, almost half of which last year alone. Prior to joining the EBRD's Equity Team in 2008, Patrone was Managing Director of Finint & Partners, an Italian private equity firm. He is an Italian national and holds an MBA from INSEAD and a mechanical engineering degree cum laude from the University of Genoa. In his new position as Director for Romania, Matteo Patrone will lead EBRD operations in the country focusing on developing capital markets, improving the quality of infrastructure, reducing regional disparities and boosting inclusion as well as enhancing the competitiveness of the private sector, according to a statement of the bank. “Romania is an important country with an increasingly leading role in south-eastern Europe and for the EBRD. I am committed to building on the bank’s successful track record in the country. Together with the team we will work very hard to help boost Romania’s economy through investment, advice and support for reforms,” Patrone said. Romania was the sixth country by volume of EBRD investments in 2014, with almost EUR 600 million invested. To date, the bank has invested over EUR 7 billion in the country and has also mobilized more than EUR 14 billion for these ventures from other sources of financing. EBRD buys Bucharest City Hall bonds with EUR 75 mln Romanian firms up turnovers, productivity, staff with EBRD money EBRD increases investments in Romania; main projects financed in 2014 EBRD buys 5% of Romania’s Bucharest Stock Exchange EBRD becomes second largest shareholder in Romania’s Electrica after EUR 75 mln investment in IPO Andrei Chirileasa, andrei@romania-insider.com