Lars H. Thunell

Last updated April 16, 2019

Lars Henrik Thunell (born August 1948) is a Swedish businessman. He was the Executive Vice President and CEO of International Finance Corporation, a member of the World Bank Group.^[1]

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable.

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most well-known development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The first two are sometimes collectively referred to as the World Bank.

Thunell was born in August 1948.^[2] He attended Stockholm University where he majored in political science and received a doctorate.^[3]

Stockholm University is a public university in Stockholm, Sweden, founded as a college in 1878, with university status since 1960. Stockholm University has two scientific fields: the natural sciences and the humanities/social sciences. With over 34,000 students at four different faculties: law, humanities, social sciences, and natural sciences, it is one of the largest universities in Scandinavia. The institution is regarded as one of the top 100 universities in the world by the Academic Ranking of World Universities (ARWU).

Political science is a social science which deals with systems of governance, and the analysis of political activities, political thoughts, and political behavior. It deals extensively with the theory and practice of politics which is commonly thought of as determining of the distribution of power and resources. Political scientists "see themselves engaged in revealing the relationships underlying political events and conditions, and from these revelations they attempt to construct general principles about the way the world of politics works."

Thunell has held a number of leading positions in Swedish and international businesses, among them at ABB in Zürich and American Express in New York. In the mid 1990s he was director of the Swedish insurance company Trygg-Hansa and retired as chief executive for the Swedish bank, Skandinaviska Enskilda Banken.

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The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler's cheque businesses.

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References

↑ Since joining the Corporation in January 2006, Mr. Thunell advanced growth of IFC's business and its mission. IFC's mission is to create opportunities in emerging markets and improve people's lives. Archived 2009-03-22 at the Wayback Machine .
↑ "Standard Chartered plc". Companies House. Retrieved 29 August 2015.
↑ List of content for the thesis, from statsvet.su.se Archived 2011-07-18 at the Wayback Machine .

Bibliography

Political risks in international business : investment behavior of multinational corporations, Praeger, New York (1977) ISBN 0-275-24500-4

International Standard Book Number Unique numeric book identifier

The International Standard Book Number (ISBN) is a numeric commercial book identifier which is intended to be unique. Publishers purchase ISBNs from an affiliate of the International ISBN Agency.

External links

International Finance Corporation presentation of Lars H. Thunell

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[1] Since joining the Corporation in January 2006, Mr. Thunell advanced growth of IFC's business and its mission. IFC's mission is to create opportunities in emerging markets and improve people's lives. Archived 2009-03-22 at the Wayback Machine .

[CompaniesHouse-2] "Standard Chartered plc". Companies House. Retrieved 29 August 2015.

[3] List of content for the thesis, from statsvet.su.se Archived 2011-07-18 at the Wayback Machine .