CGAP Appoints New CEO

The Consultative Group to Assist the Poor today announced that Sophie Sirtaine has been selected as its new CEO after an extensive international search process.

“I am delighted to welcome Sophie and can think of no one better to lead CGAP,” said CGAP Executive Committee Chair, Jason Lamb. “Sophie’s broad-based experience in development, coupled with her extensive leadership experience across both strategic and operational functions at the World Bank Group, make her the best person to lead CGAP to implement its ambitious work plan and develop its next 5-year strategy.”

“I also extend my gratitude and thanks to Interim CEO, Stephen Rasmussen, for his leadership and support throughout the process of appointing a new CEO,” said Mr. Lamb.

Ms. Sirtaine will commence as CEO on January 16, 2022 and her top three priorities will be to (i) lead the development and implementation of CGAP’s next five-year strategy; (ii) deepen relationships with CGAP’s members in the donor community and increase synergies with units across the World Bank Group to drive lasting impact for poor and excluded people; and (iii) ensure that CGAP’s work continues to have impact globally by incorporating influence model insights from the strategic evaluation that is almost completed.

“CGAP is one of those rare organizations with trusted members, deeply committed and expert personnel, and a crucially important mission – I am honored to be appointed as its CEO,” Ms. Sirtaine said.

“As communities everywhere continue to grapple with the impact of the COVID-19, the increasing impacts of climate change, and ongoing gender inequalities, it is vital that we continue to make financial systems more inclusive and empower poor people to capture opportunities and build resilience through financial services. I’m excited to begin working closely with CGAP’s members, stakeholders, and operational team to do just that.”

Under CGAP’s governance structure, the position of CEO is a Director-level appointment within the World Bank Group and sits within the Equitable Growth, Finance & Institutions Practice Group.

About CGAP

CGAP is a think tank that empowers poor people, especially women, to capture opportunities and build resilience through financial services. We test, learn and develop innovative solutions through practical research and active engagement with our partners on building responsible and inclusive financial systems that help move people out of poverty, protect their gains and advance global development goals. Housed at the World Bank, CGAP is supported by over 30 leading development organizations committed to making financial services meet the needs of poor people. For more information, visit