The World Bank Group has officially appointed Min Jee-nah, a distinguished South Korean banking veteran, as its new Director of Market and Counterparty Risk. This significant appointment was announced by the Finance Ministry on Sunday, highlighting a notable milestone for Korean professionals in global finance.
Min Jee-nah, 52, who currently serves as the head of credit for state-owned enterprises and reinsurance at the Multilateral Investment Guarantee Agency (MIGA), an integral affiliate of the World Bank Group, is set to assume her new director role on June 1.
In her critical new capacity, Min Jee-nah will be tasked with comprehensively managing market risk across the World Bank Group’s extensive asset portfolio. Furthermore, she will oversee counterparty risk associated with the institution’s diverse investment operations, encompassing engagements with major international banks and other key financial institutions worldwide.
Min’s impressive career journey includes joining MIGA in 2017 as a senior credit risk officer, where her expertise quickly led to a promotion to department head in 2021. Before her tenure at MIGA, she honed her skills at prominent private financial institutions globally, including Goldman Sachs, Standard Chartered, and UBS, showcasing a deep background in global banking and risk management.
Her appointment marks a significant achievement, making her the fourth Korean national to hold a prestigious director-level position within the World Bank Group, as confirmed by the ministry.
With Min Jee-nah’s new role, the total number of Koreans holding senior positions at the World Bank Group will increase to two. This group includes Kim Sang-bu, who serves as the Vice President for Digital and AI, further strengthening Korean representation at the institution.
Kim Sang-bu notably took office in September 2024, making history as the first Korean national to achieve the rank of vice president at the globally recognized financial institution.
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