- Francis Malige to lead EBRD Financial Institutions department
- Remains in charge of Bank’s operations in Eastern Europe and Caucasus until appointment of successor
- French banker joined the EBRD in 2010 from BNP Paribas
Remains in charge of operations in Ukraine, Belarus, Moldova and Caucasus until appointment of successor for the region
The EBRD has appointed Francis Malige Managing Director, Financial Institutions. In this position Mr Malige will lead one of the Bank’s core departments with almost €3 billion in new investments in 2017 alone.
Mr Malige will retain his present position as Managing Director, Eastern Europe and the Caucasus until a successor has been appointed and a full handover completed. This will ensure continuity in a key position, demonstrating the EBRD’s commitment to Ukraine, Belarus, Moldova, Armenia, Georgia and Azerbaijan, the countries currently managed by Mr Malige.
He will assume his new duties as Managing Director Financial Institutions in August, when he replaces Nick Tesseyman, who is retiring from the EBRD.
During his period as regional Managing Director, a position he assumed in 2014, the EBRD staff in Ukraine has grown from 80 to over 100 and a further expansion of the Bank’s activities in one of its top five countries of operations is planned.
Francis Malige said: “The Financial Institutions team is a formidable machine, where I spent my first years at the EBRD and I am happy and honoured to re-join the team. At the same time, the Eastern Europe and Caucasus region is central to the EBRD and I feel extremely lucky to lead this team of fine colleagues through turbulent times until I am able to leave it in good hands.”
Before joining the EBRD Financial Institutions team in 2010, Mr Malige had a distinguished career in the private sector with positions at Arthur Andersen, McKinsey & Company and BNP Paribas. A French national, he graduated from ESCP Europe before he acquired further international business qualifications. Mr Malige speaks several languages and has published numerous articles and other contributions to newspapers and publications.