International Bank for Reconstruction and Development
                     International Finance Corporation
                1818 H STREET,   N.W., WASHINGTON 25. D. C.     TELEPHONE: EXECUTIVE3r6360




    For Release                                      Subject:     Appointment of IFC
    December 22, 1964                                             Director of Investments

         Mr. George D. Woods, President of the World Bank and its affiliate, the Inter-
    national Finance Corporation ( IFC), today announced the appointment of

    Mr. Ladislaus von Hoffmann as Director of Investments, Africa, Asi.a and the Middle
    East for IFC, effective January l, 1965.

         Mr. von Hoffmann, who joined IFC in 196o, has been Assistant Director of the

    Department since SPptember 1963.       He succeeds Mr. Abdel G. El Emary, who has been
    appointed Director of the Department of Operations for Africa in the World Bank.

         Born in 1927, Mr. von Hoffmann is an economics graduate of the University of



•   Freiburg.    After graduating in 1950, he joined an affiliate of the Federation of
    German Industries concerned with assisting industrial reconstruction, becoming
    General ~>~nager of the organization in 1952.

         In 1954, he became Assistant to the Board of Wasag Chemie A.G., a chemical
    concern with headquarters in Essen, Germany.        Between 1957 and 1959 he was respon-
    .siltle tor representing the company's interests in the Middle East •




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