The World Bank’s president David Malpass on Friday announced that Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief financial officer of the World Bank.
During the announcement, Malpass said, “I am very pleased to appoint Anshula Kant as World Bank Group Managing Director and CFO. Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India. She’s excelled at a diverse array of leadership challenges including risk, treasury, funding, regulatory compliance, and operations. I look forward to welcoming her to our management team as we work to increase our effectiveness in supporting good development outcomes.”
With her new role of World Bank’s Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group and will be reporting to the President.
Ms. Kant managed USD 38 billion of revenues and total assets of USD 500 billion as the CFO of the SBI. Administrating the organization, she greatly improved the capital base and focused on the long-term sustainability of SBI within her command. According to the World Bank, she has been a Managing Director and member of the Board since September 2018.
The bank also added that, while empowering risk management throughout the bank, she led the creation of investment opportunities with direct responsibility for the SBI’s Risk, Compliance, and Stressed Asset Portfolio. She held several positions across the organization and helped navigate a diverse array of leadership challenges.
As far as the qualification is concerned, Ms. Kant is a graduate in Economic Honours from Lady Shri Ram College for Women and a Post-Graduate in Economics from Delhi School of Economics.
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