Indian economic prowess on global level! Anshula Kant appointed as World Bank’s first woman MD
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Washington, Jul. 13: India is the land of excellence and virtue. Indians are making their own space in every sphere of economy and life. Many Indians are now holding high posts in MNCs. Now, another Indian star created her space in the international skies. Anshula Kant of SBI designated as first woman Managing Director of World Bank.
As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President. Among other key management duties, her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on the mobilization of IDA and other financial resources.
The World Bank Group President David Malpass today announced the appointment of Anshula Kant as Managing Director and Chief Financial Officer of the World Bank Group. Ms. Kant, an Indian national, is currently a Managing Director of the State Bank of India (SBI), where she previously served as Chief Financial Officer.
On this occasion, Mr. Malpass said, “I am very pleased to appoint Anshula Kant as World Bank Group Managing Director and CFO. Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India”.
He also said, “She’s excelled at a diverse array of leadership challenges including risk, treasury, funding, regulatory compliance, and operations. I look forward to welcoming her to our management team as we work to increase our effectiveness in supporting good development outcomes.”
As CFO of SBI, Kant managed $38 billion of revenues and total assets of $500 billion. Stewarding the organization, she greatly improved the capital base and focused on the long-term sustainability of SBI within her mandate. She has been a Managing Director and member of the Board since September 2018.
With direct responsibility for the SBI’s Risk, Compliance, and Stressed Asset Portfolio, Kant led the creation of investment opportunities while empowering risk management throughout the bank. She held several positions across the organization and helped navigate a diverse array of leadership challenges.
Kant, a native of India, is a graduate in Economic Honours from Lady Shri Ram College for Women and a Postgraduate in Economics from Delhi School of Economics.
Kant’s start date will be announced shortly.