One of the world's most distinguished authorities on the global economy, international finance and foreign policy, Robert B. Zoellick served as the 11th president of the World Bank from 2007 to 2012. Zoellick turned around an institution in trouble, recapitalized the Bank, and expanded financing for developing countries during the food, fuel, and financial crises. He modernized the Bank by making it more accountable, flexible, fast-moving, transparent, and focused on good governance and anti-corruption. His record was also marked by an increased role for the private sector through the Bank's International Finance Corporation, which under his leadership has boosted business, expanded equity investments, mobilized more co-investments, and recruited sovereign wealth funds and pension funds to invest in poor countries, especially in Africa.
Before his term at the Bank, Zoellick served as Vice Chairman, International, of the Goldman Sachs Group as well as Managing Director and Chairman of Goldman Sachs' Board of International Advisors from 2006-2007. Previously, he was Deputy Secretary of State in 2005-2006, where he was Chief Operating Officer and led China policy. Zoellick was a member of the President's Cabinet as U.S. Trade Representative from 2001-2005, where he revitalized America's free trade agenda, increasing U.S. FTAs fivefold.