Min Jin-a, Head of Credit Risk for the State-Owned Enterprises and Reinsurance Division at the Multilateral Investment Guarantee Agency (MIGA), has been appointed to a senior position overseeing financial risk at the World Bank.

On the 3rd, the Ministry of Finance and Economy announced that the World Bank had designated Min as ‘Director for Market and Counterparty Risk’. It is the fourth time a Korean has risen to a director-level senior post at the World Bank, and the second for a woman, following So Jae-hyang, former Director of Concessional Resources and Partnerships.

Taking office on June 1, Director-designate Min will be responsible for market risk management of the World Bank’s assets and for overall management of counterparty risk related to major banks and others during treasury operations.

Min is a risk management expert who has worked in the global financial sector for more than 20 years. She graduated from the Department of Mathematics at Ewha Womans University and earned a master’s degree in business administration from the Graduate School of International Studies at Yonsei University. She served as an executive responsible for Asia credit risk management at Goldman Sachs, a U.S. investment bank, and joined MIGA, an agency under the World Bank Group, in 2017. MIGA provides guarantees for foreign investment in developing countries. At MIGA, she served as Senior Credit Risk Officer and Head of Credit and Financial Risk, among other roles.

Within the World Bank Group, there have been three others in director-level posts: Director So (2014~2019), Chu Heung-sik, Director of Investment Management (2016~2025), and Cho Hyun-chan, Director for InfrastructureㆍNatural Resources Development, Asia-Pacific at the International Finance Corporation (IFC) (2018~2019).

Once Min takes office, the active Korean leadership at the World Bank will consist of one vice president and one director, including Kim Sang-bu, Vice President for Digital and AI, appointed in July 2024.

The ministry stated, “We plan to continue active support so that our talent can advance further onto the international stage in the future.”