The New Development Bank, the new financial institution established by Brazil, Russia, India, China and South Africa eight months ago, is now open for hiring for its top management positions — opening up career opportunities for development professionals from the five member countries.
While operations at the bank remain in the startup phase, the bank is keen to kickoff activities by beefing up its staff pool not just in its headquarters in Shanghai, China , but also in its first regional center in Johannesburg, South Africa. The new multilateral bank, estimated to have $100 billion in authorized capital at its disposal, is expected to fast-track and supplement the development progress of its member countries.
With the majority of the senior management positions already filled up — headlined by former banker and corporate chief executive K. V. Kamath from India, with the rest of the vice presidential positions on risk, administrative, operations and finance filled up by representatives from the remaining four member countries — the current recruitment window focuses mainly on positions at the director general level.
About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
