Paul Snaith is Director of Treasury Operations Department at the World Bank Treasury. He is responsible for the department’s business strategy in collaboration with the Treasury Senior Leadership Team and World Bank’s Finance Partners, planning and overseeing the work program. He ensures effective and robust internal controls and processes are in place to manage operational risks and ensure business continuity, and ensures all cash flows, confirmations and settlements, pricing of securities, cash planning, foreign exchange, custody relationships and collateral management for Treasury’s activities in the derivative markets are undertaken in an accurate and timely manner.
Mr. Snaith has held various managerial positions in the Bank’s Finance and Treasury areas, with extensive experience in financial operations, information systems, technology and business resilience. He has a deep interest in the potential for ‘Fintech’ to change financial market infrastructure and in its potential for significant development impact through, for example, improved financial inclusion and lower cost remittances and capital formation. Most recently, Mr. Snaith conceived and led the initiative to issue the World Bank’s Bondi blockchain bond in partnership with and on a platform developed by Commonwealth Bank of Australia.
Mr. Snaith holds a Master’s Degree in Liberal Arts from St. John’s College, Annapolis, Maryland. He joined the World Bank Treasury from the International Monetary Fund where he worked in their Bureau of Computing Services. Prior to the Fund, Mr. Snaith worked for Martin Marietta Corporation in London and Washington.