Michael K. Ipson
Michael Ipson retired from International Finance Corporation, the private sector arm of the World Bank Group, on December 31, 2009 after serving as Country Manager for China and Mongolia from July 2007. During the two-and-a-half years of his IFC committed more than $1 billion in new investments and implemented important technical assistance programs in energy efficiency financing, small and medium enterprise finance, agricultural linkages and corporate governance, and made important investments in Sichuan Province as part of the earthquake reconstruction effort. Prior to becoming Country Manager, Mr. Ipson was IFC Principal Banking Specialist from April 2005, in which role he assisted in investment due diligence in Asia, the Middle East and Africa; served as non-executive director at Bank of Beijing and Xi’an City Commercial Bank: and made presentations on credit risk, corporate governance and board operations to banks, regulators, other government agencies and the public.
From 1991 to 2005 Mr. Ipson was Alternative Chief Executive, Executive Director and Executive Vice President of International Bank of Asia, a retail bank incorporated and operating in Hong Kong. As a member of the senior management team, he served variously as chairman of the credit committee, chairman or director of subsidiaries engaged in equipment leasing and insurance, established the bank’s Vietnam representative office, assisted in the listing of the bank on the Stock Exchange of Hong Kong and sale of shares to a Chinese government owned financial company, China Everbright Holdings, and the sale of the bank to Fubon Financial Holdings. He was a primary contact point for regulators, securities analysts, rating agencies and investors, and was corporate representative to the Hong Kong Association of Banks.
Mr. Ipson began his banking career at Chemical Bank (now J P Morgan Chase and Company) in 1979, progressing from an Assistant Manager to a senior manager, serving as Chief Representative in China from 1986 to 1988, Chief Executive of the bank’s Asian merchant banking arm and General Manager of Chemical Bank Hong Kong, as well as being named to Chemical Bank’s Credit Committee.
Mr. Ipson received his BA degree from the University of California at Berkeley, graduating with honors and was elected to Phi Beta Kappa, the national academic honor society. During his undergraduate study he spent two years as an exchange student at the Chinese University of Hong Kong. He received an MA in East Asian Regional Studies from Stanford University, and was a PhD candidate at Harvard University, where he was a Fulbright Fellow conducting doctoral research in Taiwan, Japan and Hong Kong. He earned an MBA from DePaul University, Chicago while working at International Bank of Asia.