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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
President

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 assumed office as the Vice President and Chief Risk Officer of the New Development Bank on 7th July 2020. In this role, he is responsible for the NDB’s risk management, general strategy, policies, partnerships and ESG functions. He has also been leading the Bank’s engagement with relevant global forums on climate change and mobilizing additional developmental resources.

Having started his professional career in 1982, Mr. Kishora has a wealth of experience in diverse areas of banking, such as retail operations, corporate lending, overseas expansion, strategic planning, human resource management, regulatory affairs, and risk management.

Mr. Kishora has held several leadership positions at the State Bank of India (SBI) during his long tenure, notably serving as SBI’s Deputy Managing Director & CRO (2018-2020), Chief General Manager of the bank’s Local Head Office in Chandigarh, India (2015-2018) and as the CEO of SBI, Singapore (2009-2014).  He has also been a Council Member of Association of Banks in Singapore (ABS), a member of the boards of International Association of Credit Portfolio Managers (IACPM), New York, and Macquarie SBI Infrastructure Management Pte. Ltd., Singapore, and a trustee of 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.