As Vice President, Risk Management, Michel Maila provides overall direction for IFC’s risk management, controllers, corporate portfolio management, and information technology functions. He has purview over all risk management operations in IFC including credit, operational, business, liquidity, funding, equity, and market risks. He also oversees IFC’s budget, financial operations, business informatics, and special operations functions.

A dual citizen of Canada and Lebanon, Mr. Maila is a financial economist with over 25 years of international banking experience in the Middle East, Europe, and North America. Most recently, at the Bank of Montreal, he was the senior officer for market and operational risk and was previously Executive Vice President and Head of Corporate Risk Management. Prior to that he was the Executive Vice President for Mexico and Latin America and also served as a senior credit officer and head of portfolio management. Before joining the Bank of Montreal, Mr. Maila gained extensive experience with American Express and Citibank in project and corporate finance in emerging markets as well as in trading and underwriting in international capital markets.

Mr. Maila has had wide-ranging business affiliations and associations. He has served as President of the Canadian Ditchley Foundation, which organizes private and highly focused conferences of senior international experts to address issues of transatlantic and global interest. For several years, he was a director on the board of the Mexico-based Grupo Financiero Bancomer, chair of the Senior Risk Management Committee of the Canadian Bankers Association, and a member of the Canadian Advisory Board of U.S.-based Factory Mutual Global Insurance. More recently, he was Executive-in-Residence at the Schulich School of Business of York University in Toronto and has been lecturing and consulting in the area of risk management and international finance. Mr. Maila has also published a number of papers on project finance and exchange rate risk.

Mr. Maila holds an MBA in economics and finance from the American University of Beirut. He earned another MBA degree in international business and his Ph.D. in international finance from the University of Chicago.