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EFSI Governance

EFSI Governance

While the EIB governance structures remain applicable to EFSI operations and procedures, the European Fund for Strategic Investments (EFSI) – established within the EIB – has its own specific governance structure, composed of a Steering Board, an Investment Committee and a Managing Director.

The Managing Director is responsible for EFSI’s day-to-day management and for the preparation and chairing of the meetings of the Investment Committee. The Managing Director is also a voting member of the Investment Committee. A Deputy Managing Director assists the Managing Director in his tasks and replaces him in his absence. As part of his role, the Managing Director reports to the EFSI Steering Board on the activities of EFSI on a quarterly basis. The Managing Director and the Deputy Managing Director also participate in the meetings of the Steering Board as observers.

In addition, the Managing Director is responsible for the approval of new products entrusted to the EIF, together with the EFSI Steering Board in consultation with the Investment Committee.

Following an open and transparent selection process and with the endorsement of the European Parliament at the proposal of the EFSI Steering Board, the EIB President appointed Mr. Wilhelm Molterer as Managing Director of EFSI in November 2015 and Ms. Iliyana Tsanova as Deputy Managing Director in December 2015 for three years, renewable once.

Both managers were chosen based on their competences and suitability for the posts. They are required to respect the EIB staff Code of Conduct, including the handling of conflicts of interest.

For any questions addressed to EFSI Governing Bodies, please contact the EFSI Secretariat.


Date of situation: 16 February 2018


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