Key facts
- David Vaillant has been appointed managing director and chief financial officer of the World Bank.
- The World Bank announced the appointment on Thursday.
The World Bank announced on Thursday that David Vaillant has been appointed as its new managing director and chief financial officer. In this role, Vaillant will be responsible for the oversight of financial management, reporting, and risk management for the World Bank Group, as well as the mobilization of financial resources.
Vaillant succeeds Anshula Kant, who previously held the position of Managing Director and World Bank Group Chief Financial Officer. Kant was responsible for financial management, reporting, and risk management, and the mobilization of IDA and other financial resources. She also spearheaded reforms and financial innovations to enhance the institution's efficiency and expand its financial capacity. Kant has over 35 years of experience in banking, including her previous roles at the State Bank of India.