Former BRD president Bogdan Baltazar died at Bucharest’s Elias Hospital

Romanian banker Bogdan Baltazar, an ex-president of BRD Groupe Societe Generale, died Friday morning at 04.30 at Elias Hospital in Bucharest. The 73-year-old banker was suffering from advanced stage cancer, according to local media. He was born on September 22, 1939, in Bucharest, was married and had two children.

Baltazar turned out to be somehow privileged during the communism times: he graduated the TCM faculty at Polytechnic Institute of Bucharest in 1962 and shortly after graduation, he attended the “international relations” postgraduate program at the University of Bucharest. Subsequently he followed classes at the City University in New York and claimed his doctorate in economics at the same university in 1971. But he was best known as a director of French-owned Romanian Development Bank BRD, a function which he held between 1998-2004. After giving up BRD’s leadership, Baltazar headed a consulting firm and then retired.

Under prime minister Petre Roman, Bogdan Baltazar became country’s first government’s spokesman (1990-1991) of the post-communist era.

At the time he was director of BRD, the banking institution was cited by “Euromeny” and “Global Finance” as the “Best Bank in Romania” in 1999, 2000, 2001 and 2002 and awarded the “Best Bank” in 1999 by “Financial Market” magazine.
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Regarding BRD privatization, the economic journal “Privatization International” awarded the bank the “Most successful privatization in Central and Eastern Europe” prize in 1999. In September 2003, BRD was named “Best Bank in 2003” by magazine “The Banker”.

Over time, Baltazar won several awards such as the National Order of Merit (2000), then Romanian Cultural Foundation Prize “Man of the Year 2000” for “professional performance and support of culture” and “Personality of the Decade” for “contribution to the development of banking system” awarded by the newspaper “Cotidianul”.

Bogdan Baltazar claimed also “Romania 2000” trophy designated by Foundation “Romania 2000” for “exceptional contribution and support to national idea, economic, social, scientific, cultural progress as well as promotion of the Romanian capital, authentic values ​​and honorable integration of Romania in Europe and the world “. Additionally, “Financial Market” granted Baltazar the “Banker of the Year 2001” award.