Richard Stern Becomes President and Chief Executive Officer of the Partnership for Transparency Fund

Richard Stern has been appointed President and Chief Executive Officer of The Partnership for Transparency Fund, effective January 1, 2014. Stern, a former World Bank Vice President, takes over PTF’s leadership from Daniel Ritchie, who has held the position for the last three years and who will remain in the executive management team with special responsibilities for development.

PTF, established in 2000, is dedicated to supporting civil society organizations (CSO) across the developing world in their efforts to reduce corruption and enhance government transparency and accountability. PTF has completed more than 220 projects in Asia, Central and Eastern Europe, Africa and in Latin America. For the most part it has provided small grants, plus expert advice from its more than 50 volunteer experts, in support of specific, time-bound anti-corruption projects.

Richard Stern, born in the UK, has served on PTF’s Board of Directors and in its executive management team. He is a development economist by training and worked for more than three decades at the World Bank rising to the position of Vice President. In his career at the Bank he worked as a country economist on East Africa with a particular interest in rural development, and then subsequently managed the Indonesia, and the China finance and industry divisions. On retiring from the Bank in 2001, Richard Stern joined the Emerging Markets Partnership and has subsequently worked for a range of both private sector and not-for-profit organizations.