What Happened?
Washington, DC-based The World Bank has Appointed Shelley Leibowitz as Group Chief Information Officer
About the Company
The World Bank Group is a multilateral organization headquartered in Washington, D.C., whose members include most of the world`s countries. Five institutions make up the World Bank Group to collectively serve as a vital source of financial and technical assistance to developing countries. We have set two goals that will shape our work through 2030: - Ending extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3 percent. - Promoting shared prosperity by fostering income growth of the bottom 40 percent for every country. We are tackling these challenges through financing, customizing development solutions, leveraging knowledge, research and technology, and by bringing people together to solve complex problems. The five institutions that make up the World Bank Group work together to foster development in poor and middle-income countries and to confront such global challenges as climate change. - The International Bank for Reconstruction and Development (IBRD) or World Bank, tackles poverty in middle-income and creditworthy low-income countries. - The International Development Association (IDA), also part of the World Bank, provides interest-free loans, technical assistance, and policy advice to governments in the world`s poorest countries. - The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. IFC finances investment, mobilizes capital in international financial markets, and provides advisory services to businesses and governments. - The Multilateral Investment Guarantee Agency (MIGA) promotes foreign direct investment into developing countries. MIGA fulfills this mandate by offering political risk insurance and credit enhancement to investors and lenders. - The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.
About the Person
Shelley B. Leibowitz is a leader among technology professionals, with an outstanding track record of both strategy formulation and effective execution. In July 2009, Ms. Leibowitz became Chief Information Officer and Vice President, InformationSolutions, of the World Bank Group. In this role, Ms. Leibowitz is responsible for the technology services and capabilities that underlie the work of delivering quality knowledge and financing products to the Bank Group`s clients across the globe. Previously, Ms. Leibowitz was Managing Director and Company Chief Information Officer at Morgan Stanley, where she was responsible for IT at the corporate level of the Morgan Stanley franchise. Ms. Leibowitz established the firm`s enterprise technology organization to provide IT strategy, services, and solutions across Morgan Stanley`s major lines of business. Prior to joining the World Bank, Ms. Leibowitz was Chief Information Officer and Director of Technology for Investment Risk Management, a privately funded alternative investments and risk management platform. Ms. Leibowitz was also board member and technology advisor for Gain Capital, an Internet based market-maker in foreign exchange. In recent years, Ms. Leibowitz has held Chief Information Officer positions at Greenwich Capital Markets, Greenwich NatWest, and Barclays Capital. In 2002, Ms. Leibowitz received the Merit Award from the Women`s Bond Club of New York for career achievement and leadership in the financial industry. She is a frequent lecturer on topics relating to Technology in Financial Services.Ms. Leibowitz is a Phi Beta Kappa graduate of Williams College with a degree in Mathematics.
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