Washington, D.C., June 5, 2008
– IFC, a member of the World Bank Group, on Thursday announced the appointment of Rachel F. Robbins as Vice President and General Counsel.
“Rachel brings IFC the benefit of over 30 years’ work in legal and financial services,” said IFC Executive Vice President and CEO Lars Thunell. “Her distinguished private sector experience will be invaluable to IFC as we continue to grow and innovate and create new financial products for emerging markets.”
Robbins will be a member of IFC’s senior management team and will lead overall coordination and formulation of IFC’s positions on legal issues, provision of legal services, and advice on all legal and policy issues arising in connection with IFC’s business.
“I am thrilled to join this great institution and to have the opportunity to work with so many talented individuals who are committed to improving the lives of people around the world,” Robbins said.
Robbins was most recently Executive Vice President, General Counsel and Secretary of the New York Stock Exchange and NYSE Euronext. Before that, she was General Counsel of Citigroup International, where she was engaged in international franchise issues, including major litigation, regulatory issues, crisis management, and acquisitions. She spent most of her career at JP Morgan, ultimately rising to Managing Director, General Counsel and Secretary.
Robbins holds a Juris Doctorate from the New York University School of Law and a B.A. from Wellesley College. Her appointment will be effective June 30, 2008.
About IFC
IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit
www.ifc.org
.
