15 Top CEOs and Chairs to Join World Bank’s Private Sector Investment Lab

The World Bank has today revealed the 15 Chief Executive Officers and Chairs who will constitute the Private Sector Investment Lab. This founding group of members (CEOs and Chairs) is responsible for formulating solutions to overcome the obstacles hindering private sector investment in emerging markets. The Lab will begin work in the coming weeks, initially focusing on scaling transition finance in renewable energy and infrastructure.

The World Bank’s Private Sector Investment Lab’s central membership, consisting of 15 Chief Executive Officers and Chairs – including prominent leaders from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group – will utilize their collective experience. The Lab aims to enhance the World Bank’s ongoing efforts to identify and overcome barriers while crafting solutions that foster private-sector investment in emerging markets.

Leadership & Co-Chairs

1. Ajay Banga, World Bank President
2. Shriti Vadera, Chair of Prudential plc
3. Mark Carney, UN Special Envoy on Climate Action and Finance and Co-Chair of GFANZ

Founding Members

1. Thomas Buberl, CEO, AXA
2. Larry Fink, CEO, BlackRock
3. Noel Quinn, Group CEO, HSBC Holdings Plc
4. Shemara Wikramanayake, CEO, Macquarie
5. Hironori Kamezawa, CEO, Mitsubishi UFJ Financial Group
6. Hendrik du Toit, CEO, Ninety One
7. Jessica Tan, Co-CEO, Ping An Group
8. Feike Sijbesma, Chairman, Royal Philips and Co-Chair, Global Climate Adaptation Centers
9. Sim Tshabalala, CEO, Standard Bank
10. Bill Winters, Group Chief Executive of Standard Chartered
11. Damilola Ogunbiyi, CEO, Sustainable Energy for All
12. N. Chandrasekaran, Chairman, Tata Sons
13. Dilhan Pillay Sandrasegara, Executive Director and CEO, Temasek
14. Mark Gallogly, Co-Founder and Managing Principal, Three Cairns Group

The Lab will concentrate on identifying specific strategies that the World Bank can implement and scale to mobilize capital more efficiently. The ultimate objective is to attract greater amounts of private finance. This includes concepts for enhanced financing structures, methods for better aligning the World Bank with the pace and requirements of private finance, strategies for risk distribution and allocation among investors, and the creation of innovative partnerships.