Nick Rischbieth re-elected as CABEI’s Executive President
The Honduran Nick Rischbieth will lead the regional organization for a new five-year period. Dr. Rischbieth has boosted CABEI’s Modernization Plan, positioning the institution as the main financial multilateral of the Central American region.
Tegucigalpa, July 17th 2013.- The Board of Governors of the Central American Bank for Economic Integration (CABEI), ratified Dr. Nick Rischbieth Gloë in his position as Executive President for a new five-year period that will begin on December 1st, 2013 and will end on November 30th, 2018.
Dr. Rischbieth Gloë received his Bachelor in Economics at Rice University, a Master of Business Administration at Washington University in St. Louis, Missouri, and a Doctorate in Finance at the Institute of Money and Capital Markets in Hamburg, Germany.
Before joining CABEI, Dr. Rischbieth worked as Vice-President of Debt Capital Markets, and previously, in the International Financial Markets Division at Dresdner Bank AG in Frankfurt, Germany, specializing in countries in Asia and Oceania.
Dr. Rischbieth has a long service career at CABEI. He started his duties in 1995 as Treasurer; in 2003 he was named CFO and at a later date he was promoted to Executive Vice President of the institution. In 2008, the Board of Governors selected Dr. Rischbieth for the position of Executive President as a result of a merit process among citizens selected from all the Bank's member countries.
He has been a strong promoter of human development initiatives that have raised the Bank's impact in the region. Another main achievement of Dr. Rischbieth, was opening the doors to capital markets that allowed the consolidation of the Bank within a global platform for capital raising, enabling the funding of diverse initiatives and achieving an investment grade rating that has been certified by the main international rating agencies.
Moreover, during his first period as Executive President, Dr. Rischbieth pushed forward the Bank's Modernization Plan, that implemented a profound restructuration of the institution, which was designed to respond more effectively to the needs of the region and set in motion several initiatives in priority sectors such as climate change, renewable energy and water and sanitation. Complimentary to the Modernization Plan, Dr. Rischbieth is also responsible for promoting the expansion of a new capitalization scheme that began its implementation in 2012.
He has also led the execution of the 2010-2014 Institutional Strategy "Integrating Competitiveness and Social Development" that redirects the Bank towards its core business, aimed at a balanced economic and social development of the Central American nations.
The Executive President, Dr. Nick Rischbieth, has been a strong promoter of a prudent financial administration and the implementation of solid financial policies that have allowed sustainable growth with improvements in performance, capitalization and risk management at market level results.
In reference to his designation, CABIE's Executive President, Dr. Nick Rischbieth said "thanks to the strong support and confidence placed in me by CABEI's Governors and Directors, we will continue to lead such a prestigious institution to consolidate the foundations of economic and social development and regional integration."
