Managing Director, Equity

Purpose of Job

The Managing Director, Equity will be responsible for the equity investment activity of the Bank, both in direct equity investment and in participation in funds (such as private equity, infrastructure, venture capital, mezzanine and debt funds); as well as overseeing the monitoring of the portfolio of the same.    The Managing Director, Equity will have responsibility for ensuring a unified equity culture within the Banking Group through origination, processing, value creation, portfolio management and exits within the Banking Group.  The Managing Director will also be responsible for periodically reviewing the Bank’s equity approach and updating this as markets and economic conditions change.

The Managing Director will combine investment experience, a strong commitment to the Bank’s mandate and institutional goals, and well-developed leadership/management skills. The successful candidate will also have a track record of effective cross-functional collaboration and good risk management skills.

Based at London Headquarters, the role will report to First Vice President, Client Services Group (CSG). The Private Equity Teams, Equity Funds Team, Venture Capital Investment Programme (VCIP) and Equity Portfolio Management Unit (EPMU) all report directly to the MD Equity. 

In aligning the equity function with institutional and financial objectives, the incumbent will liaise actively with the VP Risk, and the VP Finance/CFO as well as consulting with a range of stakeholders across departments. The MD Equity is a member of the Bank’s Equity Committee.

The appointment to this position is envisaged to be for an initial duration of 4 years, in line with the Bank’s practice for appointments to the Senior Leadership Group (SLG). 

Facts/Scale

• The Bank’s annual equity investments are between EUR 0.5-1.0 billion.
• The Equity Funds current portfolio is almost 175 funds, with an average annual new commitments in 15-20 Funds.  
• The group is comprised of c.95 staff, majority located in HQ and across a few of the Bank’s Countries of Operations.
• Equity Operating Assets of over EUR 8 billion between Direct Equity and Equity Funds.
• Accountable for the management of the Equity Group’s staff and non-staff costs budget. 

Accountabilities & Responsibilities

• Accountable for the Equity Group’s provision of best in-class equity investment operating standards and risk management, whilst delivering on the Bank’s impact mandate. 
• Provide strategic guidance for enhancing the origination and processing of the Bank’s equity investments. Responsible for the periodic review of the Bank’s equity approach ensuring it is responsive to a rapidly changing environment, maintaining and increasing the relevance of EBRD' equity offering
• Oversee the Equity Value Creation process, including adequate investor relationship management. 
• Design and manage an effective strategy for executing equity exits. 
• Accountable for the nominee directors’ appointment and management process. 
• Accountable for the management of the Bank’s equity investment portfolio, including on matters related to the activities and cooperation with the Internal Audit and the Evaluation Department. 
• Working closely with the VP Risk, VP Finance and CSG MDs, take an operational view of the desirability and feasibility of active post-investment management of the equity portfolio in light of capital employed, mandate of EBRD to mobilize commercial finance, and broader risk/return issues.
• Participate, as a member, in the decision-making process of the Equity Committee. 
• Attend the Operations Committee, as and when required, to provide the Committee with strategic equity assessment and guidance.
• Ensure effective engagement of the Equity Group in the fair value process, and other activities under the remit of the Equity Portfolio Management Unit.
• Responsible for the continued development of appropriate initiatives to oversee and enhance the equity function within the Bank to increase its effectiveness, working with Banking management and non-Banking departments.
• Ensure that systems are in place to provide timely flow of information to the FVP, VP Risk, VP Finance and other related departments on the equity pipeline, portfolio and key investor relations.
• Represent the Bank in high profile external fora.
• As a member of EBRD's senior management team, the MD will promote, contribute to and implement the Transformation Agenda to improve further the Bank's effectiveness and efficiency.
• Accountable for the allocation and management of the Equity Group budget.
• Accountable for the effective and cohesive overall integration and management of the staff in the Equity Group, including recruitment, compensation, performance management, coaching and professional development.  
• Champions and role models the Bank’s Behavioural Competencies and Workplace Behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times.

Knowledge, Skills, Experience & Qualifications

• Equity investment experience, in a private equity firm, institutional investor, or financial institution, with exposure to the Bank’s countries of operation being highly desirable.
• Understanding and experience of the broader strategic and development priorities of EBRD, including the Bank’s role as an impact investor and a catalyst for mobilization of private sector capital into its countries of operation and the ability to align the Equity business with this agenda 

• Experience of listed equities, IPOs and SPOs, Privatisations, Funds
• Relevant academic background at post-graduate level or equivalent combination of academic and professional qualifications. 
• Demonstrated risk management skills
• Well-developed track record of cross-functional collaboration 
• Experience in developing and implementing strategic plans and initiatives. 
• Relevant experience in leading and developing teams, with a proven record of accomplishment in performance management. 

Please note that we are working with an external search firm in the recruitment for this position. By applying for this position you are consenting to your details being shared with this third party. If you have any queries in relation to this role, please submit enquiries to EBRD_MDEquities@kornferry.com and mention "EBRD MD Equity" in the email subject line. 

What is it like to work at the EBRD? / About EBRD 

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.  

At EBRD, our Values – Inclusiveness, Innovation, Trust, and Responsibility – are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment. 

The EBRD environment provides you with: 

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in. 
• A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively.
• A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness. 
• An environment that places sustainability, equality and digital transformation at the heart of what we do. 
• A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits. 

Diversity is one of the Bank’s core values which are at the heart of everything it does.  As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, gender identity, sexual orientation, age, socio-economic background or disability.   

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).