World Bank’s IFC appoints new head for Singapore

The International Finance Corporation (IFC), a member of the World Bank Group appointed Nicolas Marquier as its next Country Manager for Singapore.

Marquier was previously the adviser to the Chief Executive Officer at IFC, where he was responsible to the development and implementation of IFC's strategy and the implementation of organizational changes.

He comes with more than 15 years of experience of designing and leading a broad range of strategic and business transformation projects. He has worked in multiple industries across Europe, the Middle East and Asia.

Vivek Pathak, regional director for East Asia and the Pacific, shared, "With this appointment, I am confident we can ramp up our sourcing and delivery of impactful investments from Singapore."

Marquier also commented that he is keen to help share the experience and expertise of Singapore's government and private sector with emerging markets in the region.

He also shared that "As one of Asia's most developed and accessible financial hubs, Singapore is well positioned to help businesses and investors to reach developing countries across Asia and the Pacific.”

IFC is the largest global development institution focused on the private sector in emerging markets. Since 2012, it has invested more than USD 2 Bn in financing from its own account and mobilization with Singapore-based companies.

Through Singapore, IFC can get greater access to locally-based strategic partners wishing to broaden their regional presence by expanding into markets such as Vietnam, Myanmar and Bangladesh.

The Singapore office of IFC also serves as the base for all its regional industry directors - namely Rosy Khanna who heads the financial institutions group, Isabel Chatterton who leads the infrastructure and natural resources industry, and Rana Karadsheh-Haddad who oversees the manufacturing, agribusiness and services industry.

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