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Washington, D.C., November 8, 2010
—IFC, a member of the World Bank Group, has appointed Saadia Khairi as Vice President for Risk Management and Corporate Strategy, with the goal of advancing the organization’s efforts to integrate strong risk management with the innovative work it does to create opportunity in the poorest countries and regions.
Khairi, a seasoned executive with extensive experience in risk, banking, capital markets, project finance, and private equity, was most recently Senior Partner and Chief Investment Officer of Manara Equity Partners, a private-equity fund based in Bahrain. Previously she spent more than 23 years with Citigroup in London, New York, Karachi, Hong Kong, and Dubai.
“Strong risk management is vital to our ability to create and expand opportunity where it’s needed most,” said Lars Thunell, IFC’s Executive Vice President and CEO. “Saadia’s track record in multiple emerging markets across several business areas, combined with her experience in risk management, will help us extend IFC’s achievements while maintaining the right balance of risk and innovation.”
During her time at Citigroup, Khairi was responsible for several innovative project finance transactions, including Pakistan’s landmark Hub Power Project. Under her leadership, Citigroup’s Asia-Pacific team for project finance and structured trade completed 77 financings and advisory projects with a total value of $42 billion, winning 51 deal awards across the region. She also held senior positions in Citigroup’s Risk Management Group, first leading the Global Structured Portfolio Management teams covering Asia, Europe, the Middle East, and Africa, and then heading the Asia-Pacific risk group responsible for Underwriting, Distribution, Structured Products & Conflicts.
At IFC, Khairi will oversee the Corporate Strategy, Credit Review, Special Operations, Integrated Risk Management, and Business Risk departments and a committed portfolio of more than $38 billion. She also joins IFC’s Management Team, which shapes strategy and policies while strengthening financial sustainability to position the institution to improve the lives of more poor people in the developing world.
Khairi is a dual citizen of Pakistan and the United Kingdom. Her appointment was effective November 1.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit
www.ifc.org
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