NDB Board of Governors Approves Appointment of Bank’s Vice President

The Board of Governors of the New Development Bank approved the appointment of Mr. Sarquis José Buainain Sarquis as Vice President on December 14, 2017.

Mr. Sarquis J. B. Sarquis has held several positions at the Ministry of External Relations of Brazil since 1991. More recently, he has been Deputy Chief of Mission at the Embassy in Tokyo and, previously, he was Minister-Counsellor for economic and OECD affairs at the Brazilian Embassy in Paris.

Over his career, as a Brazilian diplomat, Mr. Sarquis has been responsible for economic negotiations and policy analysis, in the fields of international trade and investments, development, international finance, macroeconomics and monetary affairs. In this capacity, he has also been a delegate to various intergovernmental conferences – at the WTO, the World Bank, the IMF, the OECD and the United Nations (ECLAC and UNCTAD). He received his MSc degree and a PhD in Economics from the London School of Economics (LSE) and holds a BSc in Electronic Engineering from the Polytechnic School of Federal University of Rio de Janeiro. Mr. Sarquis J. B. Sarquis was granted research prizes, such as the Gilbert de Botton Award in Finance Research.

Background Information

The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.