Strauss-Kahn hired by Ukraine billionaire Viktor Pinchuk
The former head of the International Fund (IMF), Dominique Strauss-Kahn is joining the board of a bank owned by Ukranian billionaire Viktor Pinchuk.
Mr Strauss-Kahn resigned as IMF managing director in 2011, after being accused of a rape at a New York hotel – allegations which were later dismissed.
He will join a newly-formed supervisory board at Bank Credit-Dnepr.
Mr Pinchuk is the son-in-law of former Ukrainian President Leonid Kuchma and is reported to be worth $1.4bn (£1bn).
During the 1990s he built Interpipe into one of Ukraine’s biggest industrial firms, making steel, pipes, wheels and axles.
Since then Mr Pinchuk has diversified into other industries, including banking.
Last month he settled a dispute with two other Ukrainian businessmen, over the 2004 purchase of a mining company in Ukraine.
The case, due to be heard in London, was expected to be one of the most expensive court cases in English legal history and promised to reveal details about the business dealings of some of Ukraine’s wealthiest men.
It was settled just days before the trial was due to begin.
In 2012 Mr Strauss-Kahn faced allegations of pimping. The case became known as the Carlton Affair, named after the Lille hotel where sex parties took place.
Mr Strauss-Kahn acknowledged attending the parties, but always denied knowing that some of the women who took part were prostitutes.
He was acquitted in 2015.
Pinchuk was born in 1960 in Kyiv to Jewish parents who moved to the industrial city of Dnipropetrovsk. He graduated from Dnipropetrovsk Metallurgical Institute in 1983.
A Ukrainian businessman and philanthropist. As of January 2016, Forbes ranked him as 1250th on the list of wealthiest people in the world, with a fortune of $1.44 billion.
Pinchuk is the founder and main owner of EastOne Group LLC, an international investing, project funding and financial advisory company based in London, and of Interpipe Group, one of Ukraine’s leading pipe, wheel and steel producers. Pinchuk is the owner of four TV channels. He has been a member of the Ukrainian parliament, the Verkhovna Rada, for two consecutive terms from 1998 to 2006. He is married to Olena Pinchuk, the daughter of former Ukrainian President Leonid Kuchma.
Pinchuk has supported philanthropic projects in Ukraine. In 2006, he consolidated these activities under the Victor Pinchuk Foundation, which is now considered the largest private Ukrainian philanthropic foundation.
Its projects include the creation of a network of modern neonatal centres throughout Ukraine, cooperation programs with the Clinton Global Initiative, the Elton John AIDS Foundation and the ANTIAIDS Foundation of his wife Olena Pinchuk, the creation of the Kyiv School of Economics, a cooperation with the Aspen Institute, the opening of the first large scale contemporary art centre in Ukraine PinchukArtCentre, the creation and development of the only Ukrainian private chamber orchestra, the production and promotion of a film with Steven Spielberg on the Holocaust in Ukraine, human rights projects with George Soros and support of local Jewish communities.
In 2004, Pinchuk created Yalta European Strategy (YES) – an international independent organization that is promoting Ukraine joining the European Union. Its annual summer meeting in Yalta has become the main high-level Ukraine-EU forum for debate and policy recommendations development. At the recent annual meetings among others, Bill Clinton, Hillary Clinton, Tony Blair, Stefan Fule, Paul Krugman, Alexei Kudrin, Shimon Peres, Dominique Strauss-Kahn, Larry Summers and other political and business leaders were present to discuss Ukraine’s European perspectives and global challenges. Pinchuk has long promoted closer ties between Ukraine and the EU.
and we arent surprised..DSK is a survivor..i will give him that..always a job for an old boy somewhere in the chain..
pinchuk looks to be a very interesting individual..
and he has a special club..
“At the recent annual meetings among others, Bill Clinton, Hillary Clinton, Tony Blair, Stefan Fule, Paul Krugman, Alexei Kudrin, Shimon Peres, Dominique Strauss-Kahn, Larry Summers and other political and business leaders were present to discuss Ukraine’s European perspectives and global challenges.”