Central Banking

Jacob Frenkel heads Group of 30

Dr Jacob Frenkel has been appointed the new chairman and chief executive officer of the Group of 30, the international financial consultative group composed of senior figures from the economic and financial arenas. Frenkel replaces Paul Volkner, chairman since 1991. Volkner becomes chairman of the board of trustees and will remain a member of the group.

Frenkel has been a member of G30 for 15 years. He is chairman of Merrill Lynch's sovereign advisory and global financial institutions groups and

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