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.