She will take up her new post in November following the retirement of the current holder of the role, Sabina Dziurman, after more than 15 years with the bank.

Moraru, who will be based in Athens, said: “I am really looking forward to taking on this new role and working with the EBRD’s great team on the ground. Working to support the private sector in Greece and Cyprus, improve competitiveness and strengthen the regional integration of the local economies with investments and policy engagement will be an exciting opportunity.”

The EBRD has been working in Greece since 2015 and in Cyprus since 2014 to support their economic recovery, and has invested over €3 billion in the two countries so far.

Moraru is a Romanian national and is currently a Senior Banker within the EBRD’s Financial Institutions team.  She joined the Bank in 2001 and since then she has been instrumental in leading and structuring of a wide range of debt and equity projects, as well as developing leasing, covered bonds and NPL business in the EBRD’s countries of operation, the bank said.

Prior to joining the EBRD, Moraru led the Capital Market Department within the ministry of finance of Romania.

Source: Cyprus Mail