World Bank gets new Treasurer

Madelyn Antoncic has been appointed the new Treasurer of the World Bank, a press release from the Bank has said.

She will also double as a Vice President of the Bank.

Antoncic, whose appointment was announced on June 23, 2011 by the Bank, is an experienced senior executive from the financial industry who has been active in the regulatory and policy debate.

According to the World Bank, Antoncic, who is a US national, as treasurer will be responsible for maintaining the Bank’s high standing in financial markets and for managing an extensive client advisory, transaction, and asset management business.

She will also be responsible for leading seven Treasury business lines: the Capital Markets Department; Investment Management Department; Pension & Endowments; Quantitative Risk Analytics; Treasury Operations Department; Banking & Debt Management, and Sovereign Investment Partnerships, said the World Bank.

The President of the World Bank Group Robert B. Zoellick said, “Known for her forthrightness, I am delighted Madelyn is taking up this important role…She brings to the Bank an extensive background in the financial industry and a demonstrated record of leadership, innovation, and integrity.”

Antoncic began her career as an economist at the Federal Reserve Bank of New York where she carried out research on economic and money market conditions as well as on finance.

She has worked with Goldman Sachs, Barclays Capital and Lehman Brothers.

Antoncic was also a policy member of the Counterparty Risk Management Policy Group (CRMPG) III and a member of the Institute of International Finance (IIF) Committee on Market Best Practices.

She holds a PhD in Economics and Finance from the New York University.

By Ekow Quandzie