Mr. Ron Nechemia, an American national, is the 1st President of the Global Bank Group. He was selected by the Board of the Executive Directors for a five-year renewable term.Mr. Nechemia Serves as the Chairman of the Board of Governors and President of the Global Bank Group. He is chairman of the Bank’s Board of Executive Directors and president of a group of five interrelated organizations:

• The Bank for International Development and Reconstruction (BIDR);
• The Global Fund for International Development and Reconstruction (GFIDR); 
• The Global Finance Corporation (GFC); 
• The GFC Asset Management Company (AMC); and 
• The Global Bank Investment Guarantee Agency (GBIGA)

The Executive Vice Presidents of The Global Finance Corporation and The Global Bank Investment Guarantee Agency report to the President of the Global Bank GroupFor the 2013 selection, the Executive Board adopted a procedure that allowed the selection of all senior management including the President and the Managing Director in an open, merit-based, and transparent manner that results in the most competent person being appointed regardless of their nationality.