Kenneth G. Lay is Treasurer of the World Bank. In this capacity he leads the teams of finance professionals that manage more than $70 billion in reserves and other funds for the World Bank and other official-sector investors, carry out the World Bank’s financing program in international and domestic bond and derivatives markets, conduct asset and liability management for the World Bank’s balance sheet, oversee development and outreach related to the financing and hedging products the Bank provides for its developing-country clients and collaborate with World Bank member countries to help build their capacity in public debt and national wealth management.
Earlier in his World Bank career he served as director of the Bank's operations in several countries in Southeastern Europe and as head of its financial sector practice. Prior to joining the World Bank in 1982, he was an enforcement lawyer with the U S Securities and Exchange Commission, heading its branch of corporation finance enforcement.
Mr. Lay also serves on the World Bank Group Pension Finance Committee. He is a member of the State Bar of California and holds a Chartered Financial Analyst designation from the CFA Institute.