Nomination of E. Patrick Coady To Be United States Executive Director of the International Bank for Reconstruction and Development

The President today announced his intention to nominate E. Patrick Coady to be U.S. Executive Director of the International Bank for Reconstruction and Development for a term of 2 years. He would succeed Robert Brendon Keating.

Mr. Coady was chief financial officer for the Acacia Group in Washington, DC, 1985 - 1988. Prior to this he was managing general partner with the investment banking firm of Coady and Co. in New York City, 1981 - 1985. Mr. Coady was senior vice president with Dillon, Read and Co., Inc., in New York City, 1966 - 1980.

Mr. Coady graduated from Massachusetts Institute of Technology (B.S., 1960) and Harvard Graduate School of Business (M.B.A., 1966). He served in the U.S. Navy, 1960 - 1964. He is married, has three children, and resides in Great Falls, VA.