James D. Wolfensohn is Chairman of Wolfensohn & Company, LLC, a private investment firm and an advisor to corporations and governments. Mr. Wolfensohn became Chairman of Citi International Advisory Board on April 18, 2006. He is also advisor to Citi's senior management on global strategy and on international matters.
Mr. Wolfensohn was the ninth president of the World Bank Group (1995-2005). On May 31, 2005, at the end of his second term, he left office and assumed the post of Special Envoy for Gaza Disengagement for the Quartet on the Middle East, a position he served until April 30, 2006. In this role, he helped coordinate Israel's planned withdrawal from the Gaza Strip and spearheaded reconstruction efforts as Palestinians assumed sovereignty over the area. Mr. Wolfensohn is also Chairman of the advisory group of the Wolfensohn Center, a new research initiative focused on global poverty, at the Brookings Institution.
Mr. Wolfensohn was the third president in the World Bank's history to be reappointed for a second five-year term by the Board of Executive Directors. As President of the World Bank, he travelled to more than 120 countries in order to pursue the challenges facing the World Bank in regard to poverty and environmental issues. He led successfully initiatives on debt reduction, environmental sustainability, anti corruption programs, and AIDS prevention and treatment. He developed activities on religion and culture and decentralised offices overseas linked by the most modern telecommunications system in the international community.
Prior to joining the Bank, Mr. Wolfensohn was an international investment banker. His last position was as President and Chief Executive Officer of James D. Wolfensohn, Inc., his own investment and corporate advisory firm set up in 1981 to work with major U.S. and international corporations. He relinquished his interests in the firm upon joining the World Bank.