IDB Invest appoints new Chief Financial Officer and new Chief Strategy Officer
IDB Invest, a member of the IDB Group, announces the appointments of Orlando Ferreira as Chief Financial Officer (CFO) and Alexandre Meira da Rosa as IDB Invest Chief Strategy Officer (CSO). Both positions are based in Washington D.C., at IDB Group headquarters, and the new roles are effective starting on March 16, 2021.
Mr. Ferreira and Mr. Meira da Rosa join the senior management team, together with Gema Sacristan, Chief Investment Officer, Rachel Robboy, Chief Risk Officer, and Rosemary Jeronimides, General Counsel. Having a gender balanced and diverse management team is a key priority of IDB Invest.
“One of our greatest institutional assets is our client-first approach. I am convinced that these two appointments are the perfect match. Together with Orlando and Alexandre, we are strengthening a culture that celebrates what has been achieved over the last five years, and constantly seeks the next milestone on the path toward more inclusive and sustainable economies in Latin America and the Caribbean,” states James Scriven, CEO of IDB Invest.
Mr. Ferreira, who has been in the CFO position on an interim basis since October 2019, will be responsible for IDB Invest’s financial operations, and will work to maintain the institution’s long-term financial sustainability. Under his leadership, the Finance Department will directly support the organization’s development mandate through a diverse and targeted funding program, essential for continuing operations, and improving information technology functions.
“I view this new chapter at IDB Invest, and at the IDB Group, as a continuation of my commitment and dedication to the progress of those who live in Latin America and the Caribbean. My goal is to reinforce a lean, effective, flexible Finance Department, capable of supporting IDB Invest’s goals of development effectiveness, systemic impact and strategic selectivity,” says Mr. Ferreira.
Mr. Ferreira, a national of Paraguay, served as Chief Strategy Officer of IDB Invest, a role that he maintained during his tenure as interim Chief Finance Officer. His valuable experience of more than 15 years working for the IDB Group’s private sector will allow him to improve an internal and external client-focused Finance Department. Prior to his service at the IDB Group, which also includes six years at the Board of Executive Directors, he worked for 15 years in the construction, financial and advisory services sectors in Paraguay.
In his new role as CSO, Alexandre Meira da Rosa will be responsible to set the strategic agenda for IDB Invest, ensuring that the institution maximizes its development impact. Leveraging knowledge and non-financial additionality in operations, the Strategy Department will strengthen the functions of development effectiveness and advisory services to enhance IDB Invest’s role as an impact-driven institution.
“Drawing from my experience with the public sector and the sovereign side of the group, I certainly will contribute to IDB Invest's mission with a diverse perspective. By combining its strong financial presence with its widely recognized impact management framework and ESG policies, IDB Invest is set to become the go-to partner for other impact investors to operate in LAC,” says Mr. Meira da Rosa.
Mr. Meira da Rosa, a Brazilian lawyer and economist who has a distinguished career spanning more than 20 years in the public sector and multilateral institutions, brings his vision, experience, and leadership, to better support IDB Invest’s mission. As a public official, Mr. Meira da Rosa specialized in infrastructure financing, where he played a fundamental role in the creation of the Brazilian PPP legislation. He joined the IDB Group in 2010, as Manager of the Infrastructure and Environment Sector and became Vice President of Countries in 2014, where he led the dialogue with governments of 26 countries and supervised IDB loans to the region.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $13.1 billion in asset management and 385 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.