(REN YONG)

Zhu Min, current special advisor to the managing director of the IMF, was nominated the IMF's deputy managing director by Christine Lagarde, the IMF's newly appointed managing director, on July 13, 2011.

Lagarde has proposed that Zhu assume his duties in the new position on July 26. If the proposal is approved by the executive board of the IMF, Zhu will become the first Chinese to hold the post.

"Zhu has a wealth of experience in government, international policy making and financial markets, as well as strong managerial and communication skills. He has an excellent institutional understanding of the Fund, and I look forward to his counsel," said Lagarde.

Zhu, 59, graduated in economics from Fudan University in Shanghai in 1982. Between 1985 and 1990 he earned his master's degree and doctoral degree in economics from Johns Hopkins University in the United States.

Zhu worked as an economic consultant at the World Bank from 1990 to 1996. After working for the Bank of China from 1996 to 2009, where he was appointed assistant to the governor and deputy governor from 2003 to 2009, he joined the People's Bank of China, the central bank, and served as its deputy governor from 2009 to 2010. He was appointed special advisor to the managing director of the IMF in May 2010.