• Sunday, Oct 24, 2021
  • Last Update : 12:45 am

IFC appoints representative director at City Bank

  • Published at 09:03 pm November 16th, 2020
Rebecca Brosnan
Rebecca Brosnan Courtesy

In March 2017, the Bangladesh Bank allowed City Bank to sell 5 per cent of its shares worth Tk 130 crore to IFC

Rebecca Brosnan has been appointed in the City Bank board as nominated director of International Finance Corporation (IFC), as the global lender and member of World Bank Group holds 5% share of the bank since 2017.

Brosnan is now the Chief Operating Officer of Mother’s Choice, a leading NGO dedicated to serving children without families and pregnant teenagers in Hong Kong, said a press release.

At Mother's Choice, she is responsible for organization-wide strategic development, financial management, impact measurement; and running seven front-line business verticals.

City Bank and IFC signed an agreement on IFC’s investment in City Bank’s equity shares on February 24, 2016.

The Board of Directors of the bank earlier that year approved entering into shareholders agreement and subscription agreement among The City Bank Ltd and the IFC under which IFC will buy 4.61 crore fresh shares of City Bank with an issue price of Tk. 28.30 a share.

In March 2017, the Bangladesh Bank allowed City Bank to sell 5 per cent of its shares worth Tk 130 crore to IFC.

Prior to joining Mother’s Choice in 2016, Brosnan served in several senior roles at the Hong Kong Exchanges and Clearing Limited (HKEx) including its Managing Director - Head of Product Development, and Head of Asia Commodities.

As Managing Director of HKEx, she developed and executed strategies to lead the agency into the global commodities market, and executed the strategy to acquire the London Metal Exchange.

Before joining HKEx in 2010, she led the execution and origination of equity, debt, equity-linked and M&A transactions across Asia in the Investment Banking Division of Merrill Lynch.

Brosnan serves as a Director of the Board and Chairman of the Finance Committee of Generations Christian Education, which operates several primary schools in Hong Kong.

In 2016, China Daily and the Asia News Network awarded her with the “Asian Women’s Leadership Award” recognizing her as an agent of change in her community and a role model in entrepreneurship & in the empowerment of women. 

She is an alumna of the General Management Program at Harvard Business School, and also holds an MA in the History of International Relations from London School of Economics, and a BA in Economics from Trinity College, USA.

Facebook 64
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail