About me: Mr. Ron Nechemia is a founding member of the EurOrient Financial Group (“EurOrient”) and its various affiliate development financial institutions and the founding father of private sector development banking. Founded in 1988, the EurOrient is a private sector global development finance institution accredited by United Nations General Assembly on Financing for Development. Its mission is to support the economic and social development efforts of the less developed countries as they, in particular, seek to achieve the Millennium Development Goals ("MDGs").
Mr. Nechemia serves as the Chairman of the Board of Governors and Chief Operation Officer of the EurOrient Financial Group, with the overall responsibility for the bankwide operations. Mr. Nechemia responsibility including the formulation and execution of EurOrient’s institutional development plans as well as the formulation and implementation of its global business development strategy along with the development and the delivery of EurOrient’s financial Group products and services. Since 1988, Mr. Nechemia has directed the internal growth of the EurOrient Financial Group and has significantly expanded its global presence.
Agenda for Work: Building a Twenty-First Century Development Bank: New Challenges, New Priorities
Mr. Nechemia has focused his effort primarily on equipping the EurOrient Financial Group to meet the global challenges of the 21st century and on meeting the required development of additional institutional capacity as well as on in reaching the quality and quantities of institution’s resources. By “in reaching” Mr. Nechemia means the development of an institution that is capable of scaling up its operation and increasing its impact on developing and on economies in transition.
In recent years, Mr. Nechemia has given priority to revitalizing the EurOrient Financial Group through a comprehensive programme of reform; strengthening the EurOrient's traditional work in the areas of development and positioned EurOrient to help the States to meet the global challenges of the 21st century, to catalyze cooperative approaches to tackle them, and to help design and finance developmental solutions; reforming corporate governance architecture in order for EurOrient to become a more effective body, by expanding the participation in decision making process to be more representative of the diverse interests of the world population and assuring that the most silent voices in development are being heard; restoring public confidence in the Organization by reaching out to new partners and, in his words, by "bringing the EurOrient Financial Group closer to the people".
Mr. Nechemia is a distinguished international development expert on infrastructure finance. In the earlier part of his professional career Mr. Nechemia played a key role in the structuring and implementing of direct foreign investment transactions in energy, natural resources, and other basic infrastructure projects and technology ventures around the world. The largest portfolio of energy and infrastructure was in Asia and covered the areas of power generation and transmission, telecommunications, roads and expressways, water and sanitation, and ports with a total value of more than USD $15 billion.
Mr. Nechemia traces its roots to the founding of the Eurica Holding (“Eurica”), in the late 1970, where he was hired as an investment officer in 1984 and ended up President of the Organization in 1988 in charge of multibillion-dollar of infrastructure assets. Eurica was pioneered project finance company, focused mainly on Asia, which was formed with the sole purpose to marshaled private capital to exploit attractive investment opportunities in economically critical infrastructure projects that were beginning to appear in the late 1970. The unique experience that Mr. Nechemia acquired working on mega infrastructure transaction in emerging Asia at the early part of his professional carrier combined with his excellent analytical skill and intimate understanding of contemporary risk and opportunities in emerging market and economies in transitions spearheaded his professional carrier and set him as an actor on global stage.
Mr. Nechemia hands on investment experience includes the screening of investments opportunities, structured investments to meet the highest credit rating that is attainable for a specific investment venture; directing the financial and economic analysis; negotiated investment projects; and advise on economic policy changes with governments of emerging markets and international organization such as with the United Nations as well as with other intergovernmental organizations such as G77+1 (The Group of 77 is the largest intergovernmental organization of developing states in the United Nations, which provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development), the Organization for European Economic Co-operation (“OECD”) just to name a few and in a way of example.
Mr. Nechemia was also responsible for and has managed and supervised investment projects in the infrastructure sector (power, transportation, natural gas, and water supply) and in the health, education, agriculture, and environment sectors in Asia. In addition, Mr. Nechemia has extensive experience seating on several governing boards and committees of corporations holding primarily infrastructure assets.
Prior to reforming the EurOrient Financial Group institutional agenda, and transforming the institution from a relatively straightforward project financier institution into a full-fledged private sector global development bank, responding to a wide range of development needs, Mr. Nechemia was directly in charge of EurOrient’s investment operation and guided the development of the investment architecture, and investment decision making process, as operation involved together with the changes of risk characteristic and opportunities of emerging countries and economies in transitions together with the rapid changes of global economy in recent decades.
Interest: International Development