EEMEA market round-up: ERDB

The European Bank for Reconstruction and Development has hired Manfred Schepers to be its new vice-president for finance. Schepers, who for the past two years has headed the European arm of the Bond Market Association, will take up the new role, which is similar to that held by a CFO in a commercial bank. He will look at the asset portfolio, treasury, strategy and budget at the supranational. “From my time at UBS, I’ve a lot of interest in development finance and emerging markets,” Schepers told Euromoney. Schepers worked at UBS for a little under 20 years and replaces Steven Kaempfer, who held the position for eight years before leaving the bank in June.