As a macroeconomist and senior manager in the International Monetary Fund from 1980 to 2009, I performed
analysis of economic and financial developments in countries and regions and negotiated economic programs
with governments in Africa, Asia, and Europe. I also have considerable experience in personnel, diversity, and
change management. Before the IMF, I worked for the Central Bank of Denmark and taught economics and
statistics at the University of Copenhagen.
Professional Experience
Sparinvest Denmark, Executive Board Director 2011-2012
Sparinvest SICAV Luxembourg, Executive Board Director 2011-1202
Kukula Capital, Zambia, Member of the Advisory Board 2010-2012
Friends of Reach Out’s HIV/AIDS Africa Initiative, Executive Board Director 2012
Bank for International Settlements, Basel, Switzerland
° External Advisor: Conference Paper on Transmission Mechanisms of Monetary
Policy in Africa: Experience from Financial Crisis (published June 2011) 2011
Center for Global Development, Washington DC, USA 2010
° Visitor: Working Paper on China in Africa-A Macroeconomic
Perspective (published November 2010)
International Monetary Fund 1980 - 2009
African Department, Deputy Director (Acting Director Feb-July 08) 2004 - 2009
° Led policy analysis and advice across 44 sub-Saharan countries
° As Senior Personnel Manager, supervised restructuring of the second
largest IMF department (230 staff)
Human Resource Department, Deputy Director 2003
° Directed the daily operational work of this 100 person department
° Led efforts to better match modern HR management to institutional needs
Finance Department, Senior Advisor and Deputy Director 1998 - 2003
° Supervised the mobilization and use of concessional lending operations
as well as developed a new investment strategy for these resources.
Liaised with external investment managers
° As Senior Personnel Manager helped restructure and modernize the
Department Office of Managing Director, Advisor 1997 - 1998
° As Advisor to Deputy Managing Director, Sugimitsu Sugisaki, provided
advice from an institution-wide perspective on the IMF’s country and
policy work during the Asian crisis, as well as personnel and budget issues
Policy Development and Review Department 1985 - 1997
° As Advisor participated in the IMF’s first negotiations with the Former Soviet
Union and later Russia. Responsible for exchange rate, balance of payments, and
debt issues
° As Chief of Low-Income Country Division, supervised review of programs
and development of the IMF’s policies on low-income countries
European Department, Economist 1980 - 1985
° Economist for several countries, including Germany and Switzerland
Danmarks Nationalbank (Central Bank of Denmark)
° Conducted economic analysis and helped coordinate positions on IMF and
European Union matters 1975 - 1980
University of Copenhagen
° Lecturer (macroeconomics and statistics) 1979 - 1980
Committees (IMF)
Member of the Task Force on the Soviet Union
Investment Committee (investment of IMF pension funds)
Committee on External Financing
Review Committee (central committee for promotions in the IMF)
Administration Committee (administers pension issues in the IMF)
Steering Committee for the Employment Compensation and Benefits Review
(comprehensive review of the IMF’s employment, compensation, and benefits systems)
Economist Committee (Chair) (central committee for recruiting economists)
Personnel Committee (Chair) (central committee for all IMF Senior Personnel Managers)
Task Force on the Organization and Restructuring of the African Department (Chair)
Head of Working Group on Diversity Issues
Background
University of Copenhagen, post-graduate economics degree 1969-1971 and 1972-1975
University of British Columbia, Canada 1971-1972
The University of Chicago Booth School of Business, Strategic Business 2008
Leadership Course
Languages: Danish (native), English, French, and German
Citizenship: Denmark
