TomorrowMakers

With newly appointed MD, Anshula Kant and CEO Kristalina Georgieva, women are running the World (Bank).

A leader and inspiration: Anshula Kant, the first woman MD & CFO of World Bank

Breaking gender barriers and climbing the corporate ladder with sheer hard work and determination, Anshula Kant joins an illustrious list of women who are doing India proud at the global stage. 

A pioneer in the male-dominated finance sector, Ms Kant, who was the Managing Director of the State Bank of India, was appointed as the Managing Director and Chief Financial Officer (CFO) of the World Bank earlier this month.

In her prestigious role, Ms Kant will be responsible for financial and risk management of the World Bank Group, reporting to President, David Malpass.

Speaking about the eventful appointment, Mr Malpass said, “I am very pleased to appoint Anshula Kant as World Bank Group Managing Director and CFO. Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India”.

“She’s excelled at a diverse array of leadership challenges including risk, treasury, funding, regulatory compliance and operations. I look forward to welcoming her to our management team as we work to increase our effectiveness in supporting good development outcomes,” Malpass added.

A long history with SBI

Ms Kant has had an illustrious career with over 35 years of rich experience in the banking sector. She joined SBI as a probationary officer in 1983 and has worked across domains from retail banking, corporate credit to cross-border trade. Through sheer hard work and commitment, Ms Kant has risen through the ranks, holding coveted positions such as Chief General Manager of Mumbai Circle, Deputy MD (Operations) for National Banking Group and CEO at SBI Singapore.

Ms Kant has been the recipient of the prestigious Niryat Bandhu Award by former President of India, Pranab Mukherjee in 2014.

In 2015, she was appointed as the Deputy Managing Director and CFO for SBI, where she managed stressed assets, risk and compliance functions for the bank. She has been pivotal in creating sound investment opportunities and strengthening risk management throughout the organisation.

In September 2018, Ms Kant was elevated to the position of MD and CFO, where she managed assets in excess of US$500 billion. Her leadership has been accredited with sustainable improvement in the functioning of the bank.

Looking forward

Ms Kant’s superannuation at SBI was slated for September 2020, but her vision to disrupt the banking sector and her sky-rocketing ambition has charted the way for bigger and better opportunities.

Among other key management duties, her work at World Bank will include oversight of financial reporting, risk management, while working closely with the World Bank CEO Kristalina Georgieva on the mobilization of International Development Association (IDA) of World Bank and other financial resources.

Between the two, CEO Kristalina Georgieva and World Bank’s first woman MD and CFO Anshula Kant, women literally run the world. Here are some Indian women who've made a mark in the finance sector.