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Vice President and Group Chief Risk Officer at World Bank Group
Lakshmi Shyam-Sunder is currently Vice President and World Bank Group Chief Risk Officer.
Lakshmi was previously Chief Financial Officer and Director, Finance and Risk at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.
Prior to joining MIGA in March 2011, she worked since 1994 at the International Finance Corporation (IFC), also part of the World Bank Group, where she was Director for Corporate Risk, and Director of IFC’s Risk Management and Financial Policy Department. She helped develop IFC's client risk management advisory services and developed IFC’s portfolio risk metrics which formed the foundation for the GEMs initiative across MDBs. She developed IFC’s integrated economic capital framework and was responsible for all financial risks in Treasury, lending and equity investment operations as well as rating agency issues. She was also Co-Chair of IFC’s New Products Assessment Group.
Lakshmi is co-founder and Co-Chair of the Global Emerging Markets (GEMs) risk database, an International Consortium for Multilateral Development Banks (MDBs) and International Financial Institutions (IFIs).
Lakshmi has consulted for a range of public and private sector institutions in the U.S. and in emerging markets. She has also served on the Board, and Finance and Risk Committees of institutions in emerging markets.
Before joining IFC, Lakshmi was a faculty member at the MIT Sloan School of Management and earlier at The Tuck School of Business Administration at Dartmouth College. She has a Ph.D. in Finance from the MIT Sloan School of Management and an MBA from the Indian Institute of Management, Ahmedabad.