Brings “record of leadership, innovation, and integrity,” Zoellick says
WASHINGTON, June 23, 2011—The World Bank today appointed Madelyn Antoncic as its new Vice President and Treasurer, hiring an experienced senior executive from the financial industry who has been active in the regulatory and policy debate.
“Known for her forthrightness, I am delighted Madelyn is taking up this important role,” said World Bank Group President Robert B. Zoellick. “She brings to the Bank an extensive background in the financial industry and a demonstrated record of leadership, innovation, and integrity.”
As Treasurer, Antoncic will be responsible for maintaining the World Bank's high standing in financial markets and for managing an extensive client advisory, transaction, and asset management business. She will 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.
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. In 1985, she began 12 years at Goldman Sachs in various posts, including as head of market risk management, special assistant to the co-vice chairmen and more than seven years trading structured products. She then had a 2-year stint at Barclays Capital as the Americas’ Head of Market Risk Management and Treasurer.
After leaving Barclays in 1999, Antoncic joined Lehman Brothers as Global Head of Risk Policy and subsequently Global Head of Market Risk Management; from 2002-2007, she served as Chief Risk Officer. In 2007, she was moved to an externally focused role as Global Head of Financial Markets Policy Relations. After the Lehman bankruptcy, Antoncic agreed to stay on for a year as Managing Director and Senior Advisor at the Lehman Estate to help maximize the value to Lehman creditors.
Since 2007, Antoncic has been active in the regulatory and policy debate, working with industry groups advising senior policy makers on regulatory reform and systemic risk issues. She was 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.
A U.S. national, Antoncic holds a Ph.D. in Economics and Finance from New York University.
David Theis: 202-458-8626
Broadcast— Natalia Cieslik: 202-458-9369