Analysis & opinion

The Banker Board – March 30, 2023

Simon Duffy | 30/03/2023 9:46 am
The Banker Board

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A weekly look at some of the most recent and influential people moves across the global banking industry. Simon Duffy reports.

Dilma Rousseff
 

Dilma Rousseff – New Development Bank

Shanghai-based New Development Bank (NDB), also known as the BRICS (Brazil, Russia, India, China and South Africa) Development Bank, has appointed former Brazilian president Dilma Rousseff to head the bank as its new president. She succeeds fellow compatriot Marcos Troyjo, who previously served as Brazil’s deputy economy minister. Ms Rousseff will complete Brazil’s term in the rotating presidency of the NDB, which concludes in July 2025.

As Brazil’s president from 2011, Ms Rousseff focussed her agenda on expanding equality and poverty alleviation policies. She was, however, impeached and removed from office in 2016 over allegations of manipulating federal budgets to conceal deficits – allegations she has consistently denied. 

An economist by training, Ms Rousseff played a key role in creating the NDB, which began operating in 2015. The NDB is a multilateral development bank established by Brazil, Russia, India, China and South Africa, with the purpose of financing infrastructure and sustainable development projects within these countries and in other emerging markets. In 2021, the bank admitted Bangladesh, Egypt, UAE and Uruguay as its new member countries. The NDB currently has around $32bn in approved projects. 
Rajat Madhok
 

Rajat Madhok – Citi Commercial Bank

Citi Commercial Bank has appointed Rajat Madhok as global head of credit risk. Mr Madhok was previously the business unit’s head of Asia-Pacific, where he led operations across 11 markets in the region.

As a 27-year Citigroup veteran, Mr Madhok brings extensive banking and credit risk experience to the newly created role. He joined Citi in India in 1996, where he held a variety of roles across corporate banking and commercial banking, before rising to India country head in 2011. In 2021, Citi Commercial Bank in Asia-Pacific contributed 41% of the business’s $2.7bn in global revenues, making the region the largest revenue contributor for the business globally.
Emmanuel Lemoine

Emmanuel Lemoine – Standard Chartered 

Standard Chartered has appointed Emmanuel Lemoine to lead its European transaction banking trade sales team. The newly created role will task Mr Lemoine with managing trade sales coverage and origination throughout continental Europe. 

Prior to joining Standard Chartered, Mr Lemoine was part of Société Générale’s export finance team, and also held roles at ANZ, Citi and most recently as head of structured export finance for France at ING. 

Commenting on the appointment, Marion Reuter, regional head of transaction banking sales for the UK and Europe, stated: “As we strengthen our offering in Europe and look to support our clients’ own growth goals across our Africa, Asia, the Middle East and Europe and Americas network, Emmanuel’s wealth of knowledge and experience will play a critical role in enabling us to continue delivering innovative solutions, products and services to our clients.”
Dora Grant

Dora Grant – Griffin

UK challenger bank Griffin has appointed Dora Grant as chief risk officer. Ms Grant joins Griffin with an extensive background in governance, risk management and banking gained from previous chief risk officer and operational risk roles at Lloyds Banking Group, Barclays and Legal and General. She was most recently an assistant director and prudential risk management subject matter expert at accountancy and business advisory firm BDO. 

Ms Grant’s appointment at Griffin comes alongside the hiring of experienced challenger banker Chad Ryan, who is to assume the role of chief financial officer. Griffin was granted a UK banking licence, subject to restrictions, at the beginning of March. “We’ve very excited to have Chad and Dora on board,” says David Jarvis, Griffin co-founder and CEO. “Both bring a unique set of skills and expertise to Griffin. 2023 will be a pivotal year for us, and leaders of their calibre are going to be instrumental to achieving our ambitious goals.” 

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