“My four-year mandate as executive first vice-president ended in March. I plan to spend some time to pursue several personal projects,” Farmache told Mediafax.

Farmache served as executive first vice-president of Alpha Bank Romania since January 2009. He was also a board member of Alpha Finance Romania, the brokerage arm of the financial and banking group.

Previously, Farmache served as chief executive officer, and president of the Bucharest Stock Exchange.