Lakshmi Shyam-Sunder was appointed vice president and chief risk officer for the World Bank Group in February 2014. She was previously chief financial officer and director, finance and risk at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.
Shyam-Sunder was one of the key contributors to the MIGA/IBRD Exposure Exchange Agreement in the World Bank Group and was responsible for strengthening and enhancing the finance, risk, resource management, IT, and control functions in MIGA.
Prior to joining MIGA in March 2011, Shyam-Sunder worked at the International Finance Corporation (IFC), also part of the World Bank Group, where she held a variety of positions. As director for corporate risk management, she led the development of a new Client Risk Management Advisory Service function for IFC and the creation of the International Financial Institutions Risk Consortium. Before that, Shyam-Sunder was director of IFC's Risk Management and Financial Policy Department where she developed IFC's integrated economic capital and pricing framework and had responsibility for all financial risks arising from business, portfolio, and treasury activities as well as managing rating-agency issues. She was also co-chair of IFC's New Products Assessment Group.
Shyam-Sunder has consulted for a wide range of public and private sector institutions in the United States and in emerging markets.
Before joining IFC, Shyam-Sunder was a faculty member at the MIT Sloan School of Management where she received her doctorate in finance. Shyam-Sunder also holds a master’s of business administration from the Indian Institute of Management, Ahmedabad.
lshyam-sunder@worldbank.org
202.473.8639