Dominique Strauss-Kahn Landed Himself A New Job

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Make that two jobs! Russian Regional Development Bank and "a consulting agency named Parness" have welcomed the libidinous former IMF chief with open arms.

Dominique Strauss-Kahn, the former chief of the International Monetary Fund whose career unraveled in a series of sex scandals, is making a comeback in finance – this time, in Russia. Rosneft, the Russian state oil company, has given Mr. Strauss-Kahn a position on the board of a banking subsidiary, the Russian Regional Development Bank. It is one of the first prominent job offers since Mr. Straus-Kahn, a French economist and political leader, resolved the last of his legal troubles this year...The bank announced the appointment in a regulatory filing on Friday. It said Mr. Strauss-Kahn was also employed with a consulting agency called Parness. Rosneft’s media office declined to elaborate on the appointment or on how Mr. Strauss-Kahn would be compensated...Mr. Strauss-Kahn’s appointment appeared baffling if the intention is to raise the confidence of foreign investors in Rosneft, said one banker in Moscow who was not authorized to discuss the matter publicly. The banker added that “an American company might think that because of his sexual reputation he is actually a liability.”

[Dealbook]

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