Angel Broking. In December 2015, IFC supported Greek banks with 150 million euros by buying shares in four of them: Alpha Bank (60 million), Eurobank (50 million), Piraeus Bank (20 million) and National Bank of Greece (20 million). Governance The IFC is governed by its Board of Governors which meets annually and consists of one governor per member country (most often the country's finance minister or treasury secretary). Each member typically appoints one governor and also one alternate. Although corporate authority rests with the Board of Governors, the governors delegate most of their corporate powers and their authority over daily matters such as lending and business operations to the board of directors. The IFC's Board of Directors consists of 25 executive directors who meet regularly and work at the IFC's headquarters, and is chaired by the President of the World Bank Group. The executive directors collectively represent all 186 member countries. When the IFC's Board of Directors votes on matters brought before it, each executive director's vote is weighted according to the total share capital of the member countries represented by that director. IFC is now managed by a new leader - Makhtar Diop who is the managing director and EVP at IFC since March 1, 2021. Prior to his appointment, he was the World Bank's vice president for Infrastructure, where he led the Bank's global efforts to build sustainable infrastructure in developing and emerging economies. IFC's Chief Executive Officer oversees its overall direction and daily operations. Philippe Le Houérou is chief executive officer of IFC. Since his appointment by World Bank Group President Jim Yong Kim in March 2016, Mr. Le Houérou has led the organization's new strategy to create markets in less developed countries and redefine development finance by promoting initiatives and reforms that unlock billions of dollars in additional private sector investment. Although the IFC coordinates its activities in many areas with the other World Bank Group institutions, it generally operates independently as it is a separate entity with legal and financial autonomy, established by its own Articles of Agreement. The corporation operates with a staff of over 3,400 employees, of which half are stationed in field offices across its member nations. Functions Investment services The IFC's investment services consist of loans, equity, trade finance, syndicated loans, structured and securitized finance, client risk management services, treasury services, and liquidity management. In its fiscal year 2010, the IFC