By Nibal Zgheib
The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as its new Managing Director for the Southern and Eastern Mediterranean (SEMED) region. He will take up his position on October 1, 2024.
Mr Davis replaces Heike Harmgart, who has recently been appointed EBRD Managing Director for Sub-Saharan Africa.
An American national, Mr Davis is currently the EBRD’s Regional Head of Central Europe, covering Croatia, Czechia, Hungary, the Slovak Republic and Slovenia.
With 28 years of experience in international financial institutions and commercial banking, Davis has a strong track record of developing business in European Union (EU) countries, eastern Europe and Central Asia, as well as expertise in global capital markets and structural policy dialogue. Before joining the EBRD he held various senior positions at the World Bank, Morgan Stanley and Goldman Sachs.
Davis has a PhD in Economics from Tulane University in the United States of America.
Davis said: “I am thrilled to lead the Bank’s operations in the SEMED region, further strengthening the economies where we invest. Building on my predecessor’s achievements, I will focus on business to accelerate green transition, strengthen competitiveness of the corporate sector, support resilience of the financial sector and promote inclusion and digitalisation.”
Since the start of its operations in SEMED in 2012, the EBRD has invested over €22.3 billion in 414 projects, supporting the growth of small and medium-sized enterprises, promoting agribusiness, developing infrastructure and local services and supporting renewable energy, energy efficiency and the development of local capital markets.
