Lars Thunell is a Swedish businessman, private investor, and expert on emerging markets and banking crises. He is the Chairman of African Risk Capacity Insurance Company Limited, a not-for-profit mutual insurance company that insures African countries against the impacts of climate change. Dr. Thunell sits on an advisory panel at the African Development Bank. He is the Chairman of EcoDataCenter AB and Flexenclosure, two private companies in the data center business, and Chairman of Björnberget AB, a Swedish real estate firm.
Dr. Thunell was previously Chief Executive Officer of the International Finance Corporation, a member of the World Bank Group, the largest global development institution focused on the private sector. He led IFC’s overall strategic direction to promote sustainable private sector development and refocused IFC’s efforts on the poorest countries, especially in Africa. Dr. Thunell is a former board member of Standard Chartered PLC and a former senior advisor to the Blackstone Group. Until June 2015, he served as a non-executive director of Kosmos Energy. From 1997 to 2005, Dr. Thunell was CEO of SEB, Sweden’s leading corporate bank. From 1994 to1997, he was CEO of Trygg-Hansa a Swedish insurance group. During the Swedish banking crisis, he was President and CEO of Securum, the Swedish Government’s “bad bank,” from 1992 to 1994.