Managing Director, Equity

The European Bank for Reconstruction and Development (EBRD) is hiring a Managing Director, Equity in London on a fixed-term contract of 4 years with potential renewal for a further 4 years. The role is responsible for the Bank's equity investment activity, both direct equity and participation in funds (private equity, infrastructure, venture capital, mezzanine and debt funds), and for overseeing portfolio monitoring. The Private Equity Teams, Equity Funds Team, Venture Capital Investment Programme and Equity Portfolio Management Unit report to the MD Equity, who sits on the Bank's Equity Committee. Scale: annual equity investments of EUR 0.5-1.0 billion, an equity funds portfolio of almost 175 funds with 15-20 new commitments per year, about 95 staff, and equity operating assets above EUR 8 billion. Accountabilities include origination and processing standards, periodic review of the Bank's equity approach, value creation, exit strategy, nominee director appointments and portfolio management, while delivering on the Bank's impact mandate. The successful candidate combines investment experience, leadership and management skills and strong risk management. Posting end date: 25 October 2026.