Washington, D.C., January 29, 2019 —IFC, a member of the World Bank Group, has appointed John Gandolfo as Vice President & Treasurer—a position in which he will play a key role in the institution’s efforts to build local capital markets and mobilize private capital to address the most urgent challenges of development.
Gandolfo, whose appointment is effective February 16, 2019, will be based in Washington, D.C. He is currently Director and Chief Investment Officer of the Pension and Endowments Department at the World Bank. His team manages $27 billion of World Bank Group pension and other retirement-benefit portfolios invested across a range of asset classes and strategies.
Prior to assuming these responsibilities, he was the Director of the Quantitative Strategies, Risk and Analytics Department, where he was responsible for the development of strategic and tactical asset allocations, risk management, and financial modeling for the asset management, capital markets, and banking businesses. Before that, he was the Director of the Investment Management Department. He began his career in IFC’s Financial Management and Planning Department.
“Over a highly successful career spanning more than 30 years in the World Bank Group, John has acquired broad experience in financial markets and treasury operations,” said IFC CEO Philippe Le Hou é rou. “He will lead IFC’s Treasury and Syndications’ global team in delivering on IFC’s strategy to create markets and mobilize private capital for development. In addition to managing IFC liquidity and treasury investments, this includes strengthening local and regional capital markets and mobilizing private capital through a variety of initiatives such as the Managed Co-Lending Portfolio Program (MCPP) and the IDA18 IFC-MIGA Private Sector Window.”
Gandolfo said: “As the largest global development institution focused on the private sector, IFC has a vital role to play in creating local capital markets that build prosperity and reduce poverty in developing countries. I look forward to working with the talented team helping develop domestic markets that can help boost entrepreneurship, create jobs, and finance essential infrastructure in emerging economies.”
Gandolfo, a U.S. citizen, holds a BA from the University of Pennsylvania and an MBA from the George Washington University.
He was selected to this position through the World Bank Group’s competitive managerial selection process.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
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