Canary Wharf developer named George Iacobescu, the executive director of the company, President of the British group, Reuters reads. George Iacobescu, that is unofficially considered the best paid Romanian in the world, replaced Sir Martin Jacomb who withdrew.

Iacobescu currently is not both President and executive director of Canary Wharf. Iacobescu joined Canary Wharf in 1988 and in 1997 he became CEO of the company.