First vice-president at the European Bank for Reconstruction and Development (EBRD) Noreen Doyle has announced she will not seek a second term when her current mandate expires in August. After 13 years at the bank – as head of syndications, head of risk management and, for the past four years, first vice-president overseeing banking operations – Doyle has decided to pursue her career outside the EBRD.

EBRD president Jean Lemierre says he very much regrets her decision, which means the bank will lose a deeply committed colleague and a highly effective banker who has made the EBRD the most significant investor in the countries from central Europe to central Asia.

A new first vice-president will be appointed by the board of directors on the recommendation of the president. An executive search firm will assist in identifying candidates for the position.