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a candle for my son!

Romanian Version

Bogdan Baltazar, Former President of the Romanian Bank for Development-Groupe Société Générale, Partner of Baltazar, Bloom and Parvulescu Financial Consulting

Bogdan Baltazar
Former President
the Romanian Bank for Development-Groupe Société Générale

Financial & Banking Advisor

Born: September 22, 1939, Bucharest

Marital Status: married, 2 children


  • 1962 - graduate of the Mechanical Engineering Faculty, Bucharest Polytechnic Institute

  • 1963-1964 - PhD in International relations at University of Bucharest

  • 1968-1971 - M.A. in Economics, City University of New York

Professional Career

  • 1962-1964 - Assistant Professor at Materials Endurance Chair, Machinery Engineering Faculty at Bucharest Polytechnic Institute

  • 1964-1968 - Attaché, subsequently third and second secretary, responsible for UNDP/UN and UN Economic and Social Council, Ministry of Foreign Affairs

  • 1968-1971 - Economic Analyst and Investment Officer within the Natural Resources and Transportation Division of UNDP (the pre-investment bank of UN system). In this capacity, contributed to the achievement, among others, of the following projects:

    • Uranium searching works in Somalia

    • Privatization of Abidjan water supply network

    • Setting up of CEPECA, Otopeni, Romania

    • Pre-investment studies for Accra-Tema Harbor modernization etc

  • 1971-1975 - First secretary, coordinator of the team for UN economic organizations (FAO, WHO, ILO); participated in the negotiations for IMF and World membership

  • 1975-1976 - Chargé d'affaires of Romania in Philippines

  • 1976-1978 - Counsellor in the Ministry of Foreign Affairs, Head of the International Economic Organizations Department; Romania's main negotiator for the General Agreement for Tarrifs and Trade

  • 1978-1981 - Deputy Director and Director a.i., Africa Directorate of the Ministry of Foreign Affairs, coordinator of economic and financial relations with the African countries

  • December 1981-January 1990 - banished from the Ministry of Foreign Affairs; shop floor engineer at Danubiana Tire Manufacturing Enterprise (Popesti-Leordeni, near Bucharest)

  • January 1990 - October 1990 - General Director, Directorate for North and South Americas and the Policy Planning Unit, Ministry of Foreign Affairs

  • October 1990 - July 1991 - Secretary of State, Head of the Public Information Department and Spokesman of the Romanian Government

  • July 1991 - May 1996 - Senior Banking Adviser, Coordinator of the Group for Romania with the European Bank for Reconstruction and Development, London. Operation leader for the main finance/restructuring EBRD projects in Romania, among which:

    • ROMTELECOM Network Modernization (EBRD Contribution = USD 180 Million)

    • Financing for modernization and restructuring of three oil drilling sections belonging to PETROM (USD 70 Million)

    • Two credit lines for the Agricultural Bank (USD 120 million)

    • One credit line for the Romanian Bank of Development (USD 50 million)

    • Setting up of VIROLITE SA, a joint venture company (USD 14 million)

    • Setting up of Siemens-Emcom, a joint venture company (USD 8 million)

    • Financing, with the State Ownership Fund, of the privatizations projects for Unilever-DERO Ploiesti, PROCTER & GAMBLE - Romtensid Timisoara etc

    • Financing of hotel projects among which Athénée Palace Hilton Bucharest (USD 14 million)

    • Structuring EBRD participation in setting up private banks in Romania, such as Ion Tiriac Bank (20%) and Bucharest Bank (25%)

    • Privatization/restructuring studies for ARCTIC SA, Gaesti, ROMAN SA, Brasov, Romanian Lightning Industry etc

  • February 1997 - May 1998 - Deputy Chairman of the Board of Directors, State Ownership Fund

  • May 15, 1998-October 12, 2004 - President of the Romanian Bank for Development (BRD), which became, after privatization, RBD-Group Société Générale. During his chairmanship, the Romanian Bank for Development received following awards

    • "The Best Bank in Romania" for 1999 and 2000, by EUROMONEY

    • "The Best Domestic Bank" in 1999, by "Piata Financiara" Magazine

    • "The Best Privatization in Central and Eastern Europe Prize", in 1999, by the worldwide reference magazine "Privatization International"

    • "The Best Bank in Romania" in 2000 and 2001, by the prestigious "Global Finance Magazine"

  • Since January 2005 - Partner of Baltazar, Bloom & Parvulescu Financial Consulting, Bucharest

  • Financial & Banking Advisor at the law firm Mararu & Mararu SCPA 


  • Member and Deputy Chairman of the Romanian Banking Association

  • Member of the Managing Council of the Romanian Cultural Foundation

  • Consultant of the State Ownership Fund

  • Member of the Board of Administration of the Romanian Investment Fund, established by Bank Austria - Creditanstalt and Alliance Capital (USA)

  • Member of the Business Council for International Understanding (BCIU) - Promoting Commerce through Partnership in Business and Diplomacy


  • Numerous studies, analyses and papers concerning bank restructuring/privatization on the occasion of the Economic and Financial Summits in Davos and Crans - Montana, in Monaco, Frankfurt, Thessalonica, Sofia, Bucharest, as well as at the "Invest in Romania" Fora in London, Toronto, Istanbul, Vienna, New York etc

  • Specialized journalism activity, materialized in studies and columns both in Romania and abroad (especially in New York, Geneva and London), regarding mainly GATT, World Bank, EBRD, as well as the world economy, the financing of industrial projects, restructuring and privatization in the Romanian banking sector

Prizes and Awards

  • "The Man of the Year 2000" Prize, awarded by the Romanian Cultural Foundation for "professional performances and support for culture"

  • "Man of the Decade", nominated by "Cotidianul" Newspaper for "the contribution to the development of the Romanian financial and banking system"

  • "Romania 2000" Trophy, awarded by the Foundation "Romania 2000", for "the outstanding contribution to the assertion of the national ideal, of the economic, social, cultural and scientific progress, to the promotion of the Romanian capital and of the genuine Romanian values, as well as for Romania's honorable integration into Europe and the World"

  • "Banker of the Year 2001" Prize, awarded by the Revue "Piata Financiara" for "the passiin, perseverance and professionalism by which he is striving to change Bank's name into a renown, as well as for the steady plus of image he is doing for it"

Foreign Languages

English and French (fluent), Spanish (good), Russian (satisfactory)


  • BBP Financial Consulting, str. Dacia, nr. 100, Sect 2, Bucharest, Zip 020063, Phone: +40 21 210 06 63 / +40 21 210 46 76, Fax: +40 21 2101708
  •  Mararu & Mararu SCPA, 27-29 George Enescu St., 2nd Floor, Suite 9, Code 010303, Sector 1, Bucharest, Romania, Phone: +40 21 3110664  , fax: +40 21 3135683
  • E-mail: office@bbp.ro; office@mararu.ro

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