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 Services industry.
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.
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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