The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the head of EBRD Yerevan Office, ARKA agency reported with reference to the press service of the bank.
Davis will replace Valeriu Razlog, who was appointed as the senior banker in the Natural Resources Team at the head office of the EBRD in London.
Prior to joining the EBRD, Davis served as executive director at Goldman Sachs (2010-2012) and Morgan Stanley (2007-10), and was engaged in the bonds capital, applied tools, debt problems and systematized funding market of basic goods.
Prior to working in the private sector, Davis was an economist at the World Bank, a policy adviser and director of Development Policy Credit (DPC) Program (1996-2006). He also worked in Moldova, Ukraine and Kazakhstan.
The EBRD has been operating in Armenia since 1991.
The purpose of the Bank is to contribute to the diversification of the economy by supporting investments in various sectors of the economy, and to help to the development of the financial sector and small and medium-size businesses.
To date the EBRD has invested over 656 million euros to 120 programs.
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