Madelyn antoncic biography definition

And her third goal was to leave the World Bank Treasury in a better shape than she found it. Antoncic believes in the importance of recognizing that well-functioning financial and capital markets are the real key to economic growth. This recognition is essential for an economist and something this Treasurer held dear throughout her tenure. Madelyn with Luis de la Plaza Bringas and Hector Ibarra on a site visit to a windfarm in Uruguay ahead of the the first ever weather and energy derivative transaction in the world.

The two most impactful innovations while Antoncic was at the helm pertain to climate-induced weather and commodity hedges, such as the Uruguay hedge transaction and the establishment of the capital at risk note program which can help countries hedge against any non-market risks. InUruguay had a significant drought. To address this, Uruguay had to issue debt.

So, the government came to the World Bank Treasury for help. Initially there was big push back from the Treasury team, since they had no prior experience with similar issues or solutions. Antoncic worked her magic and encouraged the team to take it one step at a time, looking carefully at the issues, to try to find a workable solution before giving up.

Three years later, under her leadership, the World Bank Treasury executed the first ever weather and energy derivative transaction in the world. The second big initiative that Antoncic is very proud of is the establishment of the capital at risk note program. This laid the groundwork and created a framework for hedging and mitigating against various types of risks.

As long as one can define a risk and set parameters which are observable and measurable, one can use this structure to hedge any risk.

Madelyn antoncic biography definition

Antoncic is a former vice president and Treasurer of the World Bank. Antoncic has had a career as a chief risk officer, an international bank treasurer, a securitized products trader and a Federal Reserve economist. That was followed by a two-year stint at Barclays Capital where she built a market risk function for the Americas and was the Americas treasurer as well as treasurer for Barclays Bank PLCthe NY branch.

She was a member of the board of directors of Barclays Capital, Inc. Antoncic holds a Ph. She was an Alfred P. Sloan Foundation Doctoral Fellow and has taught economics and international finance as a member of the adjunct faculty at both the graduate and undergraduate schools of The Stern School of New York University. View Page. Is ESG investing contributing to transitioning to a sustainable economy or to the greatest misallocations of capital and a missed opportunity?

Journal of Risk Management in Financial Institutions. Accounting Today. Why Sustainability? New York Times Op Ed. Lehman Failed for Good Reasons. Milken Review.