IPOB - WORLD BANK APPOINTS A BIAFRA WOMAN SANDIE OKORO AS SENIOR VICE PRESIDENT OF WORLD BANK

Novermber 22, 2016

WASHINGTON, November 8, 2016 — World Bank Group President Jim Yong Kim today announced the appointment of Sandie Okoro as World Bank Group Senior Vice President and General Counsel.

Sandie Okoro is a highly regarded thought leader with a strong track record of developing new legal approaches in the field of international finance,” said Kim. “Her experience managing legal and financial risks at global financial institutions will make her a great asset for the Bank Group and our Board.”

Okoro, a British national, is currently the Global General Counsel for HSBC Global Asset Management. She is also Deputy General Counsel of HSBC Retail Banking and Wealth Management and a member of the Executive Management Committee of HSBC Global Asset Management.

Before joining HSBC, Okoro a Biafran was Global General Counsel at Barings. She has also been appointed to the Management Board and Panel of Experts of The Hague-based Panel of Recognized International Market Experts in Finance, which assists with the settlement of international disputes of complex financial transactions. Okoro played a leadership role during the financial crisis particularly in respect to the mitigation of counterparty risk exposure.

Okoro has received several accolades for her work and volunteer efforts. Most recently, in July 2016, she was named as one of the 100 Women to Watch by the Female FTSE Board.

As World Bank Group Senior Vice President and General Counsel, Okoro will be the principal adviser and spokesperson on all legal matters. She will also serve as the legal adviser to the Board, management, the Inspection Panel, and the CEO of the Global Environmental Facility Program. Okoro will lead the World Bank’s Legal Vice Presidency, which is responsible for all legal services provided to internal and external clients.