General Atlantic, where Matthew Nimetz held the post of Chief Operating Officer in 2005, invested $ 127 million in the Danish Saxo Bank, which owns its subsidiary bank in Greece - Saxo Bank Hellas, UMD said.
Nimetz was a Managing Director and the Chief Operating Officer of General Atlantic from 2000 through 2011 and now works with GA as an Advisory Director
Nimetz was a Managing Director and the Chief Operating Officer of General Atlantic from 2000 through 2011 and now works with GA as an Advisory Director
UMD says this is a classic example of a conflict of interests for the role Nimitz has as a mediator in the dispute between Macedonia and Greece, and questions his independence and impartiality. It is extremely impermissible for a mediator to have financial and business interests in one of the states that are part of the dispute, while claiming to be impartial.
Last week, Nimetz admitted that his firm had invested in "Saxo Bank", but said that "he did not know that the bank has a subsidiary in Greece" ?!
United Macedonian Diaspora (UMD) publicly asks Mr. Nimetz:
1. Has he reported this conflict of interest in the UN Ethical Office?
2. Did he make a personal profit from this deal?
3. Does he think that business interests influence his work as a mediator?
More information:
http://www.innercitypress.com/unconflicts7nimetz011718.html
http://www.generalatlantic.com/portfolio/saxo-bank/
http://www.generalatlantic.com/people/matthew-nimetz/
https://www.fnlondon.com/amp/articles/general-atlantic-buys-of-denmarks-saxo-bank-20050621
https://thebanks.eu/banks/14684
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