Monday, November 09, 2015

Scott Allen has been confirmed by US Senate to the European Bank for Reconstruction and Development

Scott Allen, (click here) Nominee for United States Director , European Bank for Reconstruction and Development


Scott Allen is a private investor and former investment banker in Bethesda, Maryland.  Previously, Mr. Allen served as a Managing Director of Credit & Rates at J.P. Morgan Securities LTD in London from 2001 to 2004.  Prior to J.P. Morgan, he worked at Chase Manhattan Securities LTD in London as a Senior Sales Manager from 1992 to 1999 and as a Managing Director from 1999 to 2000.  Mr. Allen was Vice President of Manufacturers Hanover Corporation in Tokyo, Japan from 1986 to 1992 after serving as an Assistant Vice President in the Sovereign Risk Group at Manufacturers Hanover in New York City from 1982 to 1986.  Mr. Allen received a B.A. from Sophia University and a M.S. from Georgetown University. 

He is also on the Board of Directors of "The Advocacy Project." (click here)

The Advocacy Project (click here) was created in 1998 when a group of friends was commissioned to produce daily reports from the Rome Conference, called to draft the statute for an International Criminal Court. We were contracted by the Coalition for the International Criminal Court (CICC), which had lobbied long and hard for a more forceful response to the horrors of war. Our team was led by Iain Guest, an experienced journalist and former UN official....

European Bank for Reconstruction and Development (click here)

The EBRD's capital base (click here)

The European Bank for Reconstruction and Development (EBRD) is owned by 64 shareholder countries and organisations.

When each country or organisation became a shareholder - in many cases at the point of the Bank's establishment in the early 1990s - they made a contribution to an overall capital base.

Additional contributions as well as commitments - in the form of callable credit guarantees - have also been made in the period since the Bank's founding, contributing to its very strong capital base, which in turn has led to its robust credit ratings.

That capital base allows the EBRD to raise funds which ultimately form the investment in projects.