EBRD appoints new head of Yerevan Office

By Loretta  Martikian

The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the new head of the Yerevan Resident Office. Davis is replacing Valeriu Razlog, who has been appointed as Senior Banker in the Natural Resources team at the EBRD’s headquarters in London.

Prior to taking up the position at the EBRD, Davis was an Executive Director at Goldman Sachs (2010-12), and Morgan Stanley (2007-10), focusing on debt capital markets, derivatives, distressed debt and structured commodity finance. Prior to working in the private sector, Davis served as an economist, policy advisor and development policy loan leader at the World Bank (1996-2006), with assignments in Moldova, Ukraine and Kazakhstan. Davis, who is a US citizen, holds a Doctorate in Economics from Tulane University and is fluent in English, Russian and French.

The EBRD has been working in Armenia since the country gained independence in 1991. Its focus is on helping to diversify the economy by supporting investment in various sectors, as well as supporting the development of the financial sector and small and medium-sized enterprises.

The Bank’s priorities in Armenia for the next few years are to continue developing the financial sector and access to finance, upgrading municipal and urban transport infrastructure, developing agribusiness and high value-added, export-oriented industrial companies, improving the regulatory and institutional framework for sustainable energy, and raising corporate governance standards and increasing transparency in the mining sector.

To date, the Bank has invested more than EUR 656 million across 120 projects in the country.