European Bank for Reconstruction and Development (EBRD) Appoints Burkhard Kübel-Sorger as Vice President and Chief Financial Officer

European Bank for Reconstruction and Development (EBRD) Appoints Burkhard Kübel-Sorger as Vice President and Chief Financial Officer

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the appointment of Burkhard Kübel-Sorger as its new Vice President and Chief Financial Officer (CFO), effective from July 1, 2024. Mr. Kübel-Sorger brings with him a wealth of experience from his 18-year tenure at J.P. Morgan SE, Frankfurt, where he held various leadership roles, including Chief Operating Officer and Chief Risk Officer. As CFO, he was a pivotal member of the management board since 2010. With a strong background in the private sector and significant contributions to the Association of Foreign Banks in Germany, culminating in his role as Chief Executive Officer, Mr. Kübel-Sorger is poised to make substantial contributions to the EBRD’s mission of transforming lives in the regions it serves. EBRD President Odile Renaud-Basso expressed her enthusiasm for the appointment, highlighting Mr. Kübel-Sorger’s leadership acumen and emphasizing the importance of attracting top talent to advance the Bank’s impact. As a member of the EBRD’s Executive Committee, Mr. Kübel-Sorger will play a key role in shaping the institution’s strategic direction and operational priorities.

(PRESS RELEASE) LONDON, 12-Feb-2024 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, is pleased to announce the appointment of Burkhard Kübel-Sorger as its new Vice President and Chief Financial Officer (CFO), effective July 1, 2024. Mr. Kübel-Sorger will succeed Soha El-Turky, who has served in the same role since 2020.

With an illustrious career spanning 18 years at J.P. Morgan SE, Frankfurt, Mr. Kübel-Sorger brings a wealth of experience to his new position. His tenure at J.P. Morgan includes various roles such as Chief Operating Officer and Chief Risk Officer, culminating in his most recent role as CFO and a member of the management board since 2010.

Hailing from Germany, Mr. Kübel-Sorger has also made significant contributions to the Association of Foreign Banks in Germany, where he served in various capacities, ultimately serving as Chief Executive Officer.

Commenting on the appointment, EBRD President Odile Renaud-Basso stated, “We are delighted to welcome Burkhard Kübel-Sorger to the EBRD. His extensive leadership experience in the private sector will be invaluable as we continue to enhance our impact in the regions we serve.”

Mr. Kübel-Sorger expressed his enthusiasm for the new role, stating, “I am honored to join the EBRD at this pivotal moment in its history. I look forward to contributing to the institution’s mission of transforming lives and promoting sustainable development.”

As Vice President and CFO, Mr. Kübel-Sorger will also serve as a member of the EBRD’s Executive Committee, the Bank’s most senior management team, where he will play a crucial role in shaping the strategic direction and operational priorities of the institution.

Media contact:

Tel: +44 207 338 7805
Email: Group-PressUnit@ebrd.com
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SOURCE: EBRD