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People: BoE appoints Brexit co-ordinator; Lagarde chooses Selassie to head Africa department

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Bank of England

UK: The Bank of England has appointed Phil Evans as director for financial policy within the bank's prudential policy directorate.

Evans, who previously served as the bank's international director and spent a period of time working as an adviser to the European Commission, will now be responsible for co-ordinating the UK central bank's work relating to Brexit.

He will now report to Victoria Saporta who has been promoted to executive director for prudential policy.

Worldwide: Abebe Aemro Selassie has been appointed as director of the International Monetary Fund's Africa Department. He succeeds Antoinette Sayeh who retired last month.

"Abe brings a profound understanding of the challenges facing Africa, having worked closely with policy-makers from across the region for much of his career," said Christine Lagarde, managing director of the IMF.

abebe-selassie-deirector-of-africa-departmentAbebe Selassie, Director, Africa Department of the IMF. Photo: International Monetary Fund

Before joining the fund, Selassie worked for the Economist Intelligence Unit, specialising in sovereign credit risk issues, and then for the Ethiopian government as principal economist in the Office of the President.

Since joining the IMF, he has served as senior resident representative in Uganda, mission chief for South Africa, and led work for the Regional Economic Outlook. He is expected to start his new role on September 19.

"Having had the opportunity to work with Abe over the last five years, I have been struck by his sound judgement, integrity, and commitment to teamwork," Lagarde said.

Hungary: Kolos Kardkovács has been appointed the monetary council at the Central Bank of Hungary. He will replace Bártfai Andrea Mager, who had earlier headed the central bank's financial stability division, who resigned from the council on July 6.

Kardkovács previously worked as an executive director in charge of legal issues and resolutions at the Hungarian central bank in 2015 before going on to manage the pension frun of MKB Bank – the fourth largest bank in Hungary.

Local media has reported that Kardkovács is a member of the board of trustees at one of the Pallas Athena foundations and a member of the supervisory boards at three of the central bank's recently set-up foundations that came under fire this year.

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