Lebanon has appointed asset manager Karim Souaid to the post of central bank governor Thursday as the government tries to reform the economy after months of war and decades of mismanagement and corrup

Lebanon on Thursday named asset manager Karim Souaid as its new central bank governor, a vital step to rebuilding the shattered economy, following deliberations that drew on U.S. input and which sources told Reuters divided the country's leadership.

As the newly appointed governor of Lebanon's central bank, Karim Souaid has become a key player in the daunting task of plotting Lebanon's path to economic recovery and leading a much-maligned state institution.