Starting on November 1^st, Rodrigo Madrazo will become the new Chief Executive Officer (CEO) of the EDFI Management Company (EDFI MC), the joint platform set up by European Development Finance Institutions (DFIs) for managing innovative development finance solutions in partnership with the EU.

The Brussels-based company has nine major European DFIs as shareholders: BIO (Belgium), COFIDES (Spain), Finnfund (Finland), FMO (Netherlands), IFU (Denmark), KfW-DEG (Germany), OeEB (Austria), Proparco (France), Swedfund (Sweden), as well as EDFI – the Association of European DFIs. EDFI MC’s portfolio of mandates currently involves funding commitments of approximately €1bn – across catalytic market development, guarantees and co-financing facilities – and is expected to grow significantly over the next few years.

Rodrigo will join EDFI MC from COFIDES – the Spanish DFI – where he is currently Director-General. In this capacity, Rodrigo has been responsible for the daily management of a public-private company that manages its own financial resources as well as those of the Spanish state and third-party institutions with objectives ranging from promotion of economic development, internationalisation, and recently also the reinforcement of the solvency of companies affected by COVID-19. During his four-year tenure, COFIDES achieved significant growth, reaching €3.4bn in assets under management and advisory, and strong financial results. In addition, Rodrigo has gained experience as a state economist in the Spanish civil service where, among other relevant positions, he was Director General of Economic Policy and a member of the boards of directors the state-owned enterprises ICO, Aena and ICEX.

“Rodrigo has a compelling background in international finance which will be very valuable to EDFI MC,” said EDFI MC Chairman Søren Peter Andreasen.“ He brings significant relevant leadership experience from his roles managing a DFI and as a top civil servant, and sound academic skills. He understands very well how publicly-backed financial institutions can promote entrepreneurial development, and shares EDFI MC’s determination to have a sustainable positive impact on the world. We believe he will bring the right leadership for the important next phase of EDFI MC’s evolution.”

“EDFI MC and the European DFIs, with the support of the European Commission, have built a unique and scalable model to promote sustainable and inclusive economic growth in emerging economies. I will rely on the multidisciplinary and international team to position the company as a benchmark for impact investing, particularly in climate finance.” said Rodrigo Madrazo

Rodrigo will succeed EDFI MC’s current CEO, Frederik van den Bosch. Frederik was the founding chief executive of EDFI MC since he set it up among the EDFI member institutions in 2016 as a joint platform to promote blended finance for private sector development in low and middle-income countries in partnership with the EU institutions.

“On behalf of the Board of Directors, I would like to express our deep gratitude to Frederik for his service to EDFI MC and to recognise his important role in building the company. I especially would like to thank him for his willingness to continue to serve as CEO during the transition period up to November 1^st. We wish him all the best for the next stage of his professional journey.” added Søren Peter Andreasen.

Frederik van den Bosch complemented: “It has been my honour and pleasure to prepare, set up and grow EDFI MC over the past seven years. The multiple financing and guarantee facilities I started show the clear demand in the market, the added value of this organisation for our funders, especially the European Commission, for the nine DFI shareholders and for our clients, creating impact in their markets. I am grateful to many people across DFIs and the EC but most of all to the 40 colleagues who helped build the content and quality of EDFI MC. The Company has a lot of potential for further growth. The solid background and experience of Rodrigo is a tribute to that potential. I wish Rodrigo and all my colleagues the very best.”

Rodrigo has been serving on EDFI MC’s board of directors as the representative of COFIDES since it became a shareholder in October 2020. He was appointed following an open search supported by the international executive search firm Russell Reynolds Associates. He has resigned from EDFI MC’s board of directors following his appointment as the incoming CEO.

When Rodrigo will become CEO of EDFI MC from November 1^st, he will lead the company’s management team which also includes Mimsy Van Bokkelen (General Counsel & Compliance Officer), Dominiek Deconinck (Chief Investment Officer), and Luc Cool (Chief Financial Officer).

> Read Rodrigo’s resume here.