Indian-American Sunil Sabharwal took charge as Alternate Executive Director at IMF

Indian-American Sunil Sabharwal took charge as Alternate Executive Director at IMF

  • Independent investor from India, Sunil Sabharwal has become the first Indian-American to occupy a key administration post at the International Monetary Fund (IMF). He has been appointed as Alternate Executive Director at IMF.Indian-American Sunil Sabharwal took charge as Alternate Executive Director at IMF
  • His appointment was confirmed by the US Senate.This is one of the most powerful position in the International Monetary Fund as US commends more than 16.81 per cent of the total IMF voting share.

At a glance: Sunil Sabharwal

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  • Sabharwal was born to Indian father and a Hungarian mother in New Delhi, in 1964. His parents separated when he was 9 years old and he later moved to Budapest, Hungary.
  • From 1992-96, he has worked at the European Bank for Reconstruction and Development. Later served as vice president, strategic investments, at First Data Corp/Western Union. Later he moved at GE Capital and held several positions including Managing Director (MD) from 1997 to 2003.
  • He has also served as board chairman of Ogone, a European e-commerce payment services firm, from 2011-13 and advised Warburg Pincus on its acquisition of easycash, a German network services company.