Vice President and Treasurer,
Madelyn Antoncic is Vice President and Treasurer of the World Bank, responsible for overseeing the management of approximately $140 billion in assets for the World Bank and other official-sector investors; the World Bank’s financing program in international and domestic bond and derivatives markets; conducting asset and liability management for the World Bank’s balance sheet; development and execution related to the financing and hedging products the Bank provides for its developing-country clients; and partnering with World Bank member countries through technical assistance and advisory capacity building in debt and asset management. She is also responsible for maintaining the Bank's high standing in financial markets as well as its AAA rating.
Dr. Antoncic has gained a wealth of experience in banking and finance having begun her career as an Economist at the Federal Reserve Bank of New York where she did research on economic and money market conditions as well as on finance. In 1985, she began her 12-year career at Goldman Sachs holding various positions including Head of Market Risk Management, Special Assistant to the Co-Vice Chairman 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, Dr. 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 and that firm’s Chairman agreed to disagree concerning the level of the firm’s risk taking at which point she was asked to turn her focus to external issues. Making use of her broad background, she entered into the regulation policy debate where she has spent a substantial amount of her time. After the Lehman bankruptcy, Dr. Antoncic agreed to stay on as Managing Director and Senior Advisor at the Lehman Estate to help maximize the value to Lehman creditors.
Dr. Antoncic is a member of the Board of Overseers of the Weill Cornell Medical College and Graduate School of Medical Sciences of Cornell University and is a member of several Overseer standing committees; she is a member of the Centennial Society of the Economic Club of New York; was a Centennial Associate of New York University; and was a member of the Board of Directors of the Girl Scout Council of Greater New York.
She is a recipient of numerous awards for business and finance as well as for leadership. She received the “2005 Risk Manager of the Year” award from Risk; the “Stern Women in Business, 2006 Distinguished Alumna” award from New York University Stern School of Business; the “2006 National Partnership for Women and Children Award" for leadership; she was named among the 2006 “100 Most Influential People in Finance” by Treasury and Risk Management; was a recipient of the “2007 Girl Scouts Annual Tribute Dinner Award;” and is a Charter Member in “Risk Who’s Who.”
Dr. Antoncic holds a Ph.D. in economics with a minor in finance from The Stern School of New York University, was an Alfred P. Sloan Foundation Doctoral Fellow and has taught Intermediate Macroeconomics and International Trade and Finance at the Graduate School of Business of The Stern School of New York University as Adjunct Assistant Professor and Money and Banking at the Undergraduate Business School. She is a frequent speaker, panelist and round table participant on topics of systemic risk, governance, markets and more broadly the impact of financial markets on the macro economy and has published research on topics relating to the money and capital markets.