Mark Davis has been appointed the new European Bank for Reconstruction and Development (EBRD) Regional Director for Romania and Bulgaria and will assume his new role in Bucharest on April 1 2019, the EBRD said.
Davis follows Matteo Patrone who has become Managing Director for Eastern Europe and the Caucasus.
In his new position as Regional Director for Romania and Bulgaria, Davis will lead EBRD operations in the two countries and help boost their economies through investment, advice and support for reforms, the EBRD said.
Davis said: “I am honoured to take on this new task. Romania and Bulgaria play increasingly prominent roles in south-eastern Europe and for EBRD business. We will keep the investment momentum in the two countries. The EBRD with its teams on the ground and its staff in London will work to strengthen the competitiveness of these economies and their regional and international integration. We want to help build economies that deliver for their people.”
To date, the EBRD has invested more than 8.3 billion euro in Romania and nearly 3.9 billion euro in Bulgaria. In 2018 alone, the Bank invested more than 400 million euro in Romania and more than 185 million euro in Bulgaria.
Davis is currently Adviser to EBRD Vice President, Banking, Alain Pilloux, and is based in London. He joined the Bank in 2013 as Head of Armenia. During his tenure in Yerevan, he expanded EBRD’s investment in the country, made a major contribution to the creation of the Armenian Private Equity Fund, and helped deepen local capital markets.
Prior to joining the EBRD, Davis was an Executive Director at Goldman Sachs in Moscow (2010-2012) and Executive Director at Morgan Stanley in London (2007-2010).
He began his career at the World Bank in Washington DC where he was a senior country economist responsible for Moldova, Ukraine and Kazakhstan between 1996 and 2006. Davis has a PhD in economics from Tulane University./IBNA