Sunday, 29 May 2016
Last updated 1 day ago
May 18 2011 | 11:34am ET
A Moore Capital Management veteran may be moving from the White House to the International Monetary Fund.
The Obama administration has mooted naming David Lipton first deputy managing director of the IMF, Reuters reports. Lipton worked at Moore and then Citigroup in between his government stints; he served as undersecretary for international affairs at the Treasury Department under President Bill Clinton and is now a special assistant to President Barack Obama.
Lipton, who spent five years at Moore, is also a former IMF staffer.
Lipton would replace John Lipsky, who announced last week that he would step down in August. Little did he know how eventful his last months would be: Lipsky is currently serving as acting managing director of the IMF following the arrest of IMF chief Dominique Strauss-Kahn in New York on Saturday for allegedly sexually assaulting a hotel housekeeper.
Strauss-Kahn, widely tipped to become the next president of France, was denied bail as a flight risk and is currently awaiting his next court date in a jail cell on Rikers Island.
By tradition, the managing director of the IMF is always a European, while his top deputy is an American.