Position: European Investment Bank Representative to China and Mongolia
Mr. Virgil Nae was appointed Head of European Investment Bank (EIB) Representation to China and Mongolia on 1 June 2015. As the financing institution of the European Union (EU), EIB is the world's largest multilateral borrower and lender by volume, providing finance and expertise for sound and sustainable investment projects in order to contribute towards EU policy objectives.
Prior to this appointment Mr. Nae held the position of Head of EIB Permanent Representation in the Russian Federation and was the Bank’s Representative to the Northern Dimension Environmental and Transport & Logistics Partnerships. Before that he was for 3 years the Head of EIB Liquidity Planning Unit, whilst his career in the EIB started in the Coordination/Financial Policies Division of the Finance Directorate.
Before joining the EIB in 2007 Mr. Nae worked for 5 years at the Black Sea Trade and Development Bank in Thessaloniki, Greece, a multilateral development bank established by and with operations in Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. Previous to that, he was active for more than 7 years in various roles in the treasury and corporate finance area in leading international companies active in Central and Eastern Europe.
He has been a speaker at numerous conference and seminars on topics related to the provision of financing to real economy, including financing private sector development, energy efficiency projects, green finance, research, development and innovation. Amongst other projects, he led the EIB team which concluded the Vladivostok Combined Heat and Power Project, a climate action project bestowed in May 2014 with the “Best Power Deal in CEE” award in EMEA Finance’s Project Finance.
Mr. Nae holds a Bachelor Degree in International Business and Economics from the Romanian Academy of Economic Studies in Bucharest, and a MSc in Finance and a MBA (both with distinction) from the University of Strathclyde, Glasgow, U.K.
With Romanian as his first language, he is also fluent in English and French, and has a good understanding of Greek, Italian and Russian.