Managing Director & Chief Financial Officer, World Bank Group
As Managing Director and World Bank Group Chief Financial Officer, Joaquim Levy is responsible for the financial and risk management strategies of the World Bank Group and for the institutions that make up the Group. This includes development of new, innovative financial products and services, oversight of the financial reporting, risk management, and mobilization of financial resources in alignment with the Group’s strategy. Levy contributes to the international dialogue on financial standards and best practices, primarily through his representation of the Group at the Financial Stability Board. Levy joined the World Bank Group in February 2016. Previously, he served as the Minister of Finance for the Federal Republic of Brazil, working with the president and government in reforming the world's fifth largest economy. From 2010 to 2014, Levy was CEO of Bradesco Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários, division of Banco Bradesco S.A., Brazil's second-largest private bank group, handling a portfolio of more than $130 billion. In 2007, Levy was appointed as the Secretary of Finance of the state of Rio de Janeiro, where he was able to successfully re-engineer the apparatus of financial management from top to bottom, which led to the state receiving an investment-grade credit rating from Standard & Poor's. From 2006, Levy was the Executive Vice President of Finance and Administration at the Inter-American Development Bank. In 2003, he was appointed as the Secretary of Brazil's National Treasury. In 2001, he was appointed as the Chief Economist at the Brazilian Ministry of Planning, Budget & Management. He became the Deputy Secretary of Economic Policy at the Brazilian Finance Ministry in 2000. Levy served as Board Member of Banco Nacional de Desenvolvimento Econômico e Social. Prior to Levy’s position as Visiting Economist at the European Central Bank from 1999 to 2000, he held several positions within the International Monetary Fund from 1992. Levy holds a doctorate in economics from the University of Chicago (1992); a master's in economics from Getúlio Vargas Foundation (1987); and graduated in Naval Architecture and Marine Engineering from the Federal University of Rio de Janeiro.