Ionescu is the former general manager of Bucharest Stock Exchange operator BVB (BVB.RO), holding this position between September 2010 and November 2011.
The meeting was attended by shareholders cumulating a total 37.37% in the fund.
The board seat had been left vacant after the dismissal of Matei Alexandru, former head of the fund.
In addition, shareholders approved the financial results for 2011, the budget for this year, as well as the payment of a record dividend worth a total 114.2 million lei (EUR26.3 million).
SIF Moldova management expects net profit to reach RON76.5 million this year, compared to RON191.5 million in the previous year. However, last year’s profit was strongly pushed up when the fund sold its shares in lender BCR to Austrian Erste Group Bank (EBS.RO).
Revenue is seen at some RON164 million this year, half of last year’s figures.
SIF Moldova shares were suspended from trading for the shareholders’ meeting. The fund’s shares were last traded Wednesday, at RON1.29, down 0.4% on the day. (EUR1=RON4.3711)