Singapore, September 2, 2019 — IFC,
a member of the World Bank Group, has appointed Nicolas Marquier as its
next Country Manager for Singapore.
IFC is the largest global development institution focused exclusively on
the private sector in developing countries. Since beginning operations
in Singapore, it has been responding to a growing regional demand for policy
advice and investments across Asia and the Pacific.
“Since 2012, IFC has invested more than $2 billion in financing from its
own account and mobilization with Singapore based companies,” said Vivek
Pathak, Regional Director for East Asia & the Pacific. “With this
appointment, I am confident we can ramp up our sourcing and delivery of
impactful investments from Singapore,” he added.
Estimates of how much investment developing Asia needs to achieve the United
Nations’ Sustainable Development Goals vary from between $1.7 trillion
to $2.5 trillion annually. Using Singapore’s well-established financial
hub allows IFC greater access to locally-based strategic partners wishing
to broaden their regional presence, expanding into markets such as Vietnam,
Myanmar, and Bangladesh.
“I am keen to engage with the government and private sector in Singapore
to help share their experience and expertise with emerging markets in the
region,” said Nicolas Marquier, IFC’s new Country Manager in Singapore.
“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,” he added.
From Singapore, IFC advances cross-border investments and the mobilization
of capital from and through the city. It also promotes sustainable infrastructure
and urban development and supports the scaling up of disruptive technologies
and new business models. Additionally, IFC engages with regional agribusiness
players to promote sustainable practices.
In addition, the office now also serves as the base for all its Regional
Industry Directors. Rosy Khanna heads the Financial Institutions Group,
Isabel Chatterton leads the Infrastructure and Natural Resources industry,
while Rana Karadsheh-Haddad oversees the Manufacturing, Agribusiness, and
Nicolas has over 15 years of experience designing and leading a broad range
of strategic and business
transformation projects. In his previous
role at IFC, he was the Adviser to the CEO and has contributed to the development
and implementation of IFC’s strategy and the successful implementation
of complex organizational changes. He brings to his new role deep knowledge
of IFC and a unique combination of experiences working in multiple industries
in Europe, the Middle East, and Asia.
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.