On January 1, 2026, we started a new chapter as an integrated World Bank Group (WBG) Treasury.
This integration is part of the initiative of the World Bank Group to consolidate the treasuries of the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), and the International Finance Corporation (IFC) in a single platform to maximize value for the institutions and client countries. With respect to our market-facing activities, IBRD, IDA and IFC remain legally separate entities.
As part of this new chapter, Jorge Familiar has been appointed Vice President and World Bank Groupโs Treasurer, effective January 1, 2026.
As part of the integrated WBG Treasury, the following teams serve the needs of the entire Group and support this important institutional transformation under Mr. Familiarโs leadership:
- George Richardson, WBG Capital Markets Director, oversees funding, investor relations, and innovative bond issuance.
- Tom Ceusters, WBG Asset Management Director, manages liquidity, asset management, trust funds, and FIFs. Since May 23, 2026, he also serves as the Acting WBG Pension and Endowments Director.
- Keshav Gaur, WBG Client Solutions Director, leads local currency solutions, FX risk management, and financial advisory to borrowers.
- Andrea Dore, WBG Treasury Operations Director manages integrated banking operations, settlements, collateral, valuation, quantitative analysis, and financial technology.
- Katarzyna (Kasia) Zajdel-Kurowska continues to serve as WBG Treasury Partnerships and Advisory Director, and Ricardo Tejada continues to serve as the WBG Manager of Treasury Risk, Compliance & Controls.
In addition, Mr. Familiar continues to serve as the World Bank Group's Pension Finance Administrator, a role he assumed in January 2022.
Integrated Departments
Asset Management Department
WBG Asset Management Department is responsible for the liquidity/asset management for IBRD, IDA, IFC and MIGA as well as asset management for the WBG trust funds portfolios and external clients.
Capital Markets Department
WBG Capital Markets Department is responsible for all funding activities for IBRD, IDA and IFC and certain external entities (e.g., IFFIm, CTF Capital Markets Mechanism or CCMM), and related investor relations, sustainable finance, market solutions and structured finance.
Client Solutions and Structuring Department
WBG Client Solutions & Structuring Department is responsible for providing structuring expertise and advisory services for financial products offered by IBRD, IDA, and IFC โ including risk management, structured finance, local currency financing, derivatives and debt capital market solutions. The department has responsibility for asset-liability management (ALM) and balance sheet management support for IBRD, IDA and IFC.
Partnerships and Advisory Department
WBG TRE Partnerships & Advisory is responsible for engagement with external clients (such as the clients in the Reserves Advisory Management Partnerships program, or RAMP) and advisory and knowledge support to such clients.
Treasury Operations Department
WBG Treasury Operations is responsible for operational support for TRECM, TREIM and TRECS, market data and valuation, cash accounts/banking support, quantitative modeling and analytics, ALM and collateral management and financial technology for WBG organizations.
Treasury Risk, Compliance, and Controls
WBG TRE Risk, Compliance & Controls also reports to the WBG Treasurer and Vice President and expands its functions across WBG organizations and departments.
Pension & Endowments Department
WBG Pension and Endowments is responsible for investments and administration of WBG employee benefits plans.
Last Updated: Jun 24, 2026