Brics bank assigns responsibilities to VPs
The Brazil, Russia, India, China and South Africa (Brics) grouping’s New Development Bank (NDB) has announced the allocation of formal respon-sibilities to the bank’s four VPs.
Xian Zhu will be responsible for operations, including project lending, operational compliance and project procurement, as well as the regional offices of the NDB. Leslie Maasdorp will be responsible for the treasury and portfolio management, as well as the finance budgeting and accounting functions.
Paulo Nogueira Batista Jr will be responsible for economic research, risk management, strategy and partnerships, while Vladimir Kazbekov will be responsible for human resources, information technology, administration and corporate communications.
“We are pleased with our progress, to date, in finalising our broad policy framework and organisational structure, which will now enable us to progress to the next phase of our establishment.” Formal Responsibilities
“After completion of the initial start-up phase, we are now in a position to allocate formal responsibilities with immediate effect to the four VPs,” says NDB president KV Kamath.
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