Hedge Fund, PE Executives In Running For Lebanon Monetary Chief

A private-equity specialist along with a senior lawyer and a hedge-fund manager are in the running to become Lebanon’s central-bank governor, a critical appointment needed to fix the troubled banking sector and its multi-billion dollar deficit.

It’s the first change of guard at the central bank in more than three decades after Riad Salameh held the office for four terms between 1993 and 2023. During this period, Salameh had been a constant through the country’s many upheavals and the central bank was a bedrock of financial stability. All that changed in 2019, when Lebanon plunged into financial crisis and the ...