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IFC Treasury Senior Staff Move
Washington, D.C, September 4, 2017 -
IFC, a member of the World Bank Group, today announced
that Alvaro Lario, currently based in London as Principal Portfolio Manager within IFC Treasury’s Liquid Asset Management group, will be leaving IFC by the end of calendar 2017 to take up a senior assignment with International Fund for Agricultural Development (IFAD) at its headquarters in Rome. Alvaro will be joining as Associate Vice President, Chief Financial Officer & Chief Controller of IFAD, as this key UN organization looks to expand its balance sheet including through access to debt capital markets.
Confirming the move, Monish Mahurkar, Director Treasury Market Operations said: “Alvaro will be deeply missed at IFC. He has been a strong and senior presence at IFC Treasury over many years, contributing substantial revenues through his skilled management of our Global Sovereigns & Agencies Portfolio. He led the establishment of Treasury’s Emerging Market Corporate Bonds portfolio and successfully invested in the Chinese and Indian domestic bond markets among others.
Mahurkar added that Alvaro’s expertise in fixed income, derivatives and capital markets is highly regarded within the World Bank Group (WBG) as well as externally; he is often called upon to share market views with senior management, and is a frequent speaker at many professional events and conferences. More recently, Alvaro has been IFC Treasury’s lead for WBG’s Joint Capital Markets (JCAP) program to drive capital markets development in select frontier markets.
IFC Vice President and Treasurer Jingdong Hua welcomed Alvaro’s senior appointment at IFAD and said, “This appointment is a strong recognition of Alvaro’s caliber as a seasoned fixed income and capital markets professional in addition to his strategic and leadership credentials. While we will surely miss him at IFC, his senior role at IFAD will allow Alvaro to have a significant impact on addressing some of the most complex development challenges facing emerging and frontier economies especially in Africa.” Mr. Hua serves as a member of the International Advisory Board of IFAD.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
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