Posted at: 09/25/2013 1:36 PM

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Strauss-Kahn to head Luxembourg investment firm

(AP) PARIS - The head of a Luxembourg-based investment bank says Dominique Strauss-Kahn will soon take a new job as his company’s president _ the latest step by the disgraced former IMF chief to rebuild his reputation.

Chairman Thierry Leyne of Anatevka says Strauss-Kahn will become president on Oct. 18 and the company will be renamed "Leyne, Strauss-Kahn."

Leyne said by phone Wednesday that he wants to parlay Strauss-Kahn’s acumen and contacts, which are in growing demand, to his company’s benefit.

Strauss-Kahn, 64, was arrested and resigned in 2011 as head of the International Monetary Fund following allegations by a Manhattan hotel maid that he had sexually assaulted her. Those charges were later dropped.

Separately, he faces aggravated pimping charges in France.

(Copyright 2013 by The Associated Press. All Rights Reserved.)