David Vaillant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group, bringing over two decades of experience in finance from BNP Paribas.

World Bank Group President Ajay Banga has announced that David Vaillant will serve as the new Managing Director and Chief Financial Officer. Vaillant, who has an extensive background in finance with over two decades at BNP Paribas, will oversee financial management, treasury operations, and risk management across the organization’s global operations.

In his role as CFO, he will lead bond issuance efforts across World Bank departments such as the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC), which collectively raised approximately $82 billion in international capital markets during fiscal year 2026. Vaillant aims to drive the Group’s agenda for private capital mobilization, developing innovative financing vehicles to attract broad scale investment.

President Banga praised Vaillant’s extensive experience, stating, “David has spent his career managing finance at scale and building financial architecture that delivers impactful results. This experience is crucial for leading the World Bank Group’s finance function and enhancing our risk management strategies.”

Before joining the World Bank, Vaillant was Global Head of Finance, Strategy and Participations at BNP Paribas Asset Management, where he was instrumental in the significant acquisition of AXA Investment Managers. He also has held roles advising governments and central banks on complex financial transactions.

Expressing his commitment to the World Bank’s mission, Vaillant said, “I am honored to join the World Bank Group and support its goal to eradicate extreme poverty and foster shared prosperity. I look forward to collaborating with stakeholders in emerging and developed markets to achieve developmental goals while maintaining strong risk management practices.”

Vaillant has also served on various boards and has experience teaching finance at various institutions in Europe. 

Read the full press release: worldbank.org