The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced the appointment of Carlo Bongianni to head its infrastructure team.

Bongianni was before a Sector Manager for Infrastructure at MIGA. Now he will lead business development and underwriting in the infrastructure sector.

Keiko Honda, MIGA's Executive Vice President, said:

"MIGA credit enhancement and political risk insurance is critical to the infrastructure sector as developing countries seek to mobilize capital to address the funding gap. We're pleased to have Carlo on board to lead our work in this arena."

Prior to joining MIGA in 2013, Bongianni held various positions for Intesa Sanpaolo S.p.A including Head of Infrastructure, Advisory, and Overseas Development at BIIS SpA, the specialized entity of the Intesa Sanpaolo Group, focusing on European and Middle Eastern investments.

At Intesa Sanpaolo S.p.A. he was also Director of Mergers and Acquisitions in Corporate Finance and Advisory,  focusing on advisory and fee-based services to energy, water, and utilities clients. He previously worked as Senior Manager, Corporate Finance at National  Power PLC and as a Principal for the European Bank for Reconstruction and Development.

Bongianni holds a master's degree in business administration from the University of Michigan's Graduate School of Business and a master's of science in engineering from the University of Bologna School of Engineering.