Search for new IMF head

Possible replacements whose names have been floated include serving Italian treasury director Mario Draghi; French banker Philippe Lagayette, who lost out in 1998 to Germany8217;s Horst Koehler in the race to head the European Bank for Reconstruction and Development EBRD; and even serving British Chancellor of the Exchequer Gordon Brown. Brown8217;s aides have described the reports as nonsense. The job has traditionally gone to a European.