David Vaillant named Managing Director and CFO of World Bank Group

Key facts

• The World Bank Group announced the appointment of David Vaillant as managing director and chief financial officer on Thursday.
• Vaillant will oversee financial management, treasury operations and risk management across the World Bank Group's balance sheet, which is deployed in more than 100 developing countries.
• He will lead bond issuance across the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) and the International Finance Corporation (IFC), which together raised close to $82 billion from international capital markets in FY26.
• Vaillant joins the World Bank Group after two decades at BNP Paribas, where he most recently served as global head of finance, strategy and participations at BNP Paribas asset management.
• He earlier worked at Banque de France and began his career as an attorney advising companies on cross-border transactions.
• At BNP Paribas, he led the €5.1 billion acquisition of AXA investment managers, creating an asset manager with €1.6 trillion in client assets.
• He previously served as managing director and head of banking for Europe, the Middle East and Africa (EMEA) at BNP Paribas Corporate and Institutional Banking and led its sovereign advisory practice.
• Vaillant has served as a non-executive chair and director on boards of financial institutions in Asia and Latin America as well as listed and unlisted fintech companies.
• He has taught finance, sustainable finance and international macroeconomics at HEC School of Management and Sciences Po Paris.