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On May 27, 2020, the Board of Governors of the New Development Bank (NDB) unanimously elected Mr. Marcos Prado Troyjo as the President of the NDB from July 7, 2020, in full accordance with the Articles of Agreement of the New Development Bank and its procedures.

Private: Marcos Troyjo

Prior to his appointment as President of the NDB, Mr. Marcos Troyjo pursued a successful multi-layered career in government, business, academia and the public debate on economic development.

He recently served as Brazil’s Deputy Economy Minister and Special Secretary for Foreign Trade and International Affairs and represented the Brazilian Government on the boards of multilateral development institutions.

Mr. Troyjo was also Chairman of Brazil’s Commission on External Financing and its National Investment Committee.

He co-founded and served as Director of the BRICLab at Columbia University, where he taught international and public affairs, and lectured extensively at universities and research centres around the world.

Mr. Troyjo is a member of the World Economic Forum (WEF) Global Future Council on International Trade and Investment. He was Director of the Intelligent Tech & Trade Initiative (ITTI).

An economist, political scientist and diplomat, he holds a Master’s degree and a PhD in sociology of international relations from the University of São Paulo and pursued postdoctoral studies at Columbia University. He is an alumnus of the Rio Branco Institute, the diplomatic academy of Brazil’s Ministry of Foreign Affairs.

Mr. Troyjo authors books on development, technology and global affairs.

According to the Articles of Agreement of the New Development Bank, the NDB Board of Governors elects a President from one of the founding member countries on a rotational basis. The President is the chief of the operating staff of the Bank, conducting, under the direction of the Directors, the ordinary business of the NDB.

The Board of Governors of the New Development Bank also appointed Mr. Anil Kishora as Vice President of the NDB.

Anil Kishora
Vice-President and Chief Risk Officer

Mr. Anil Kishora is Vice-President and CRO of NDB.

Mr. Anil Kishora had worked in India’s largest bank, the State Bank of India (SBI) for about 38 years. During his long career, Mr. Anil Kishora had exposure to all areas of SBI operations.

Before joining the NDB, he worked as Deputy Managing Director & CRO of SBI, being responsible for managing SBI Group’s operational, market, credit, cyber, information security and other risks. Prior to that, Mr. Anil Kishora served as Deputy Managing Director/ Chief General Manager, SBI Local Head Office, Chandigarh, India and CEO of SBI in Singapore. He has also been a Council Member of Association of Banks in Singapore, a board member of IACPM, New York, and director on the boards of Macquarie SBI Infrastructure Management Pte. Ltd. and Macquarie SBI Infrastructure Trustee Ltd.

Mr. Paulo Guedes, Minister of Economy of Brazil, Mr. Anton Siluanov, Minister of Finance of Russia, Mrs. Nirmala Sitharaman, Minister of Finance of India, Mme. Jiayi Zou, Vice Minister of Finance of China and Mr. Tito Titus Mboweni, Minister of Finance of South Africa participated in the BoG Special Meeting held in virtual format.