Goldman Sachs director appointed to Colombia’s Finance Ministry . [View all]

[Judi Lynn]

Goldman Sachs director appointed to Colombia’s Finance Ministry .
Monday, 25 February 2013 12:21 Joey O'Gorman

Colombian finance minister Mauricio Cardenas on Monday announced the appointment of Goldman Sachs' Michel Janna as Director of Public Credit.

Janna, who was Goldman's head of sovereign risk for the Americas has a doctorate in economics from Northwestern University in Illinois, has worked for Citibank in New York and also as a specialist on financial stability at Colombia's Central Bank.

Janna replaces Maria Fernanda Suarez who left the position due to "strictly personal reasons" according to her interview with Bloomberg Businessweek. The finance minister thanked Suarez for her "extraordinary tenure as Director General of Public Credit and National Treasury," while welcoming Janna to the Ministry of Finance team on his Twitter account.

The appointment comes on the same day that Colombia's finance ministry increased the amount of local Treasury bonds the country can issue this year by $2.2 billion. In an interview with Reuters, Suarez said the issuing of bonds "aims to reduce liquidity in the market after the Central Bank and Treasury bought dollars to ease gains in the peso currency." The exiting director also assured that the new level of Treasury bonds will not affect Colombia's financing plan for 2013.

http://colombiareports.com/colombia-news/economy/28295-goldman-sachs-director-appointed-to-colombias-finance-ministry.html

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