Stephen Groff
Stephen P Groff | |
|---|---|
| Governor of the National Development Fund | |
| Assumed office February 2019 | |
| Ranking vice president of the Asian Development Bank | |
| In office September 2011 – February 2019 | |
| Preceded by | C. Lawrence Greenwood |
| Personal details | |
| Born | Camp Lejeune, North Carolina, USA |
| Spouse | Maria Theresa O. Regalado |
| Alma mater | Yale University, Harvard University, Erasmus University |
| Occupation | Economist |
Stephen P Groff is an economist and Governor of the National Development Fund of Saudi Arabia.
Groff was appointed as Governor of the National Development Fund (NDF) in February 2019. He is responsible for establishing this new $130 billion development finance institution with the objective of supporting economic diversification and raising the level of performance of sectoral funds and development banks in Saudi Arabia.
He was previously ranking vice-president of the Asian Development Bank (ADB) in Manila, Philippines. At ADB he was responsible for operations in East Asia, Southeast Asia, and the Pacific, amounting to over $6 billion in new lending every year and a portfolio of $35 billion.