World Bank MD steps down

Published: January 26, 2010

Graeme Wheeler announces plans to leave development institution.

Graeme Wheeler has announced that he will step down as managing director of the World Bank after four years in the role and 12 at the bank. 

Wheeler said he will pursue other career opportunities when he leaves the bank at the end of the fiscal year.

He joined the bank in 1997 as director of its newly established Financial Services Department. Prior to that, he served as deputy secretary at the New Zealand Treasury. He was promoted to World Bank treasurer in 2001 and became acting managing director in 2005 before fully taking the post a year later.