World Bank Group Announces Bertrand Badré as Managing Director for Finance and CFO
December 18, 2012
WASHINGTON, December 18, 2012—World Bank Group President Jim Yong Kim today announced the appointment of Bertrand Badré as Managing Director for Finance and Chief Financial Officer. Badré, a French national, is currently serving as the Group Chief Financial Officer at Société Générale.
“Bertrand has deep management experience in some of the largest financial institutions in Europe, and he has a strong track record and sterling reputation,” said Kim. “I am very pleased to have Bertrand join the Bank’s management team, where I am confident he will continue to protect the Bank’s financial strength and maintain our ongoing commitment to effectively safeguard the resources entrusted to us. I also believe he will bring innovative solutions to the fiscal challenges in the developing world.”
Prior to joining Société Générale, Badré served as the Chief Financial Officer of Crédit Agricole SA from July 2007 to July 2011. He has also been Managing Director of Lazard and an advisor to President Chirac.
As World Bank Group Managing Director for Finance and CFO, Badré will be responsible for all critical internal financial functions and the General Services Department. This includes the Bank’s finance operations (corporate finance and treasury), control functions (risk and controller), and global partnerships and concessional finance.
Badré began his career in 1989 as Assistant Group Controller for BFI-Ibexsa, a Franco-American company that distributed professional electronic components now part of Avnet. From 1995 to 1999, in the Ministry of Finance he was charged with several control, audit and consultancy missions for the French National Audit Office. In that capacity he was seconded to the World Bank in Togo in 1997.
Badré later joined Lazard in London as Assistant Director in the Corporate Finance Division, and then went up the ranks becoming Vice President and later Director in Lazard’s New York office. From 2004 to July 2007, he served as Partner and Managing Director of Lazard in Paris.
In 2002 he was a member of the global panel on “Financing Water for All” chaired by Michel Camdessus. He later worked with Camdessus as President Chirac’s deputy personal representative for Africa for the G8. He was then spokesman for President Chirac’s working group on new international financial contributions (the Landau report).
Badré has also served as a Director on a number of boards, including the Supervisory Board of Eurazeo between 2010 and 2012, Haulotte Group since 2005, various boards of the leading French regional daily Newspaper Group Ouest France,and represented Crédit Agricole and Sociéte Générale on the board of a number of their subsidiaries.
Badré is a graduate of HEC business school and of Institut d’Etudes Politiques de Paris. He is a former student of ENA and also holds a Master’s degree in History from La Sorbonne.
The appointment will be effective March 1, 2013.