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 Banks equity approach and updating this as markets and economic conditions change.

The Managing Director will combine investment experience a strong commitment to the Banks 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 Banks Equity Committee.

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

Facts/Scale

• The Banks 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 Banks Countries of Operations.
• Equity Operating Assets of over EUR 8 billion between Direct Equity and Equity Funds.
• Accountable for the management of the Equity Groups staff and non-staff costs budget.

Accountabilities & Responsibilities

• Accountable for the Equity Groups provision of best in-class equity investment operating standards and risk management whilst delivering on the Banks impact mandate.
• Provide strategic guidance for enhancing the origination and processing of the Banks equity investments. Responsible for the periodic review of the Banks 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 Banks 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 EBRDs senior management team the MD will promote contribute to and implement the Transformation Agenda to improve further the Banks 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 andprofessionaldevelopment.
• Champions and role models the Banks 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 Banks countries of operation being highly desirable.
• Understanding and experience of the broader strategic and development priorities of EBRD including the Banks 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 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 peoples 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 Banks 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).