Washington, Sept. 19 -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday proposed the appointment of Daniel Katz, chief of staff to U.S. Treasury Secretary Scott Bessent, as first deputy managing director -- widely regarded as the IMF's number two leadership post.
The proposed appointment, effective Oct. 6, is subject to approval by the IMF's Executive Board, the IMF said in a statement.
Katz, who has a long association with the Treasury Department that stretches more than a decade, is the principal advisor to Bessent on a wide range of domestic and international matters, according to the statement. He consulted for Bessent's hedge fund before being named Bessent's chief of staff in U.S. President Donal...