Anshula Kant, MD of the State Bank Of India, has been appointed as Managing Director and Chief Financial Officer of the World Bank. The announcement was made by President David Malpass.
David stated, “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.”
As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.
Amidst other key management duties, her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on the mobilization of IDA and other financial resources. With this appointment, Anshula Kant also becomes the first woman CFO of the bank.
As CFO of the SBI, Kant managed about $38 Bn of revenues and total assets of $500 Bn. Leading the organization, she greatly improved the capital base and focused on the long-term sustainability of SBI. With direct responsibility for the SBI’s Risk, Compliance, and Stressed Asset Portfolio, Kant led the creation of investment opportunities while empowering risk management throughout the bank.
She has been a Managing Director and member of the Board since September 2018, the World Bank said.
Kant is an Economics Honours from Lady Shri Ram College for Women and a Post-Graduate in Economics from Delhi School of Economics.
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