Tim Groser Favorite for WTO Director-General

London bookies Ladbrokes have named Tim Groser, New Zealand’s Trade Minister, ‘joint favourite’ to be the World Trade Organisation’s (WTO) new Director-General. Mr Groser is at 3:1 to take out the top job, along with Costa Rica’s Trade Minister. With nine contenders, “this is the most crowded field ever assembled to take on the top job. Mr Groser is thought to be favoured among developed nations, but countries like India are believed to be pushing for someone from an emerging economy as the balance of global financial power shifts, “according to Britain’s The Independent. A successor to Pascal Lamy, the incumbent, must be chosen by May 2013. 


Tags: Costa Rica  Independent (The)  India  New Zealand  Pascal Lamy  Tim Groser  World Trade Organisation  

National Australia Bank Hires RBS Head Ross McEwan

National Australia Bank Hires RBS Head Ross McEwan

National Australia Bank (NAB) has appointed the New Zealander who oversaw Royal Bank of Scotland’s lengthy restructuring as its new chief executive, Daniel Shane and Jamie Smyth report for the Financial…