Jorge Familiar, a Mexican national, is the Vice President and Corporate Secretary of the World Bank Group since August 2010. In his current position, he plays a key role in facilitating and fostering cooperation and strategic dialogue between the Boards and the Bank Group Senior Management.
Previously, he was the Chief Executive Officer of the Mexican Instituto del Fondo Nacional para el Consumo de los Trabajadores (Instituto FONACOT). The Instituto Fonacot is a government owned financial institution with 1 million clients and a loan portfolio of $1 billion, grants consumer loans to workers, guarantees their access to finance and fosters the development of financial literacy.
From 2004 to 2008 he served as Executive Director and Alternate Executive Director in the World Bank Group in Washington DC, having been elected by Mexico, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Spain and Venezuela as its representative on the Boards of the International Bank for Reconstruction and Development, the International Finance Corporation, the International Development Association, and the Multilateral Investment Guarantee Agency.
As chairman of the Working Group on Governance, he led efforts to reform the Code of Conduct for Board Officials and develop a proposal to reform the internal governance of the World Bank Group. He was also a member of the Board’s Development Effectiveness, Governance and Ethics Committees.
He started his career in the Banking and Securities Commission of Mexico (CNBV), where he held various appointments until becoming Vice-chairman of Securities and Derivatives Markets Supervision and member of the Board of Government. He was in charge of the design, negotiation and implementation of several pieces of regulation, including the executive’s branch proposal of the new Securities Market Law, issued by Congress on December 2005 and the proposals to amend the Securities Market Law and of a new Mutual Funds Law, both issued by Congress on June 2001.
He is a currently a member of the Committee of Best Practices of Corporate Governance of the Mexican Business Coordinating Council and a former member of the Accounting Principles Commission of the Mexican Institute of Public Accountants. He has published several articles on securities market’s regulation, corporate governance and other financial topics; and has participated as speaker in numerous conferences and seminars, both in Mexico and abroad.
Mr. Familiar also lectured on finance at the Instituto Tecnológico Autónomo de México (ITAM) and was a member of the Advisory Board of the Accounting and Strategic Finance Program at the same university. He holds a bachelor’s degree in accounting and a master’s degree in finance from ITAM, where he graduated with honors.