JP Morgan banker Manuel Costescu, appointed by PM Ciolos head of Foreign Investments Department

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The Department for Foreign Investments and Public-private partnership, the former ‘ministry’ for great projects run by Dan Sova some time ago, will be headed by Manuel Costescu, after he was appointed by PM Dacion Ciolos, reports.
Costescu is banker with JP Morgan, working in London.
The department is expected to be taken over by the Economy Ministry soon.
According to a decision published by the Official Journal, PM Dacian Ciolos has appointed Manuel Costescu as secretary of state, to head the Department for Foreign Investments and Public-private partnership.
On January 15, 2016 Alexandru Nastase was released from office as secretary of state with the Department for Foreign Investments and Public-private partnership, according to a decision published by the Official Journal.
Manuel Costescu is a corporate banker within J.P. Morgan’s Corporate & Investment Bank and covers European public sector institutions. He is based in London. Prior to joining J.P. Morgan, he acted as a consultant, most recently for his own London-based company, focusing on leadership consulting, team alignment, and facilitation. Before that, he was an engagement manager at McKinsey and Company, where he was based in New York and advised clients across various industries including: banking, asset management, media, and logistics in the United States, Canada, and Germany.
Costescu played a leadership role in McKinsey’s proprietary training program for business analysts. Before joining McKinsey, Costescu worked for The Brattle Group, an energy consulting firm in Cambridge, Massachusetts, where he specialized in risk management and hedging strategies in the energy sector. In addition, he worked as an independent consultant on business and development projects in Australia, South Africa, Tanzania, and Peru.
Costescu earned a Masters in Business Administration from the Sloan School of Management at the Massachusetts Institute of Technology, a Masters in International Development from the Kennedy School of Government at Harvard University, and a Bachelors of Arts in Economics from Brandeis University.

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