The company has a two-tier governance system. The governing bodies of the company are its Managing Board (MB), Steering Board SB) and the sole owner of the capital, i.e. the State, which decides on matters within the competence of the general meeting of shareholders and is represented by the Minister of Finance.
The MB members are elected by the national Parliament and have the relevant professional qualifications, expertise and experience in managing financial instruments.
The Steering Board includes representatives of Operational Programmes which provide resources to the Fund of Funds, the Council of Ministers and the Ministry of Finance.
Based on the business model chosen for the FMFIB and the FoF, the organisational structure of the company was designed ensuring its adequacy in view of the implementation of the FIs that correspond to the goals of the ESI Funds, and enabling the monitoring of investment implementations.
To ensure a robust control framework and compliance with the principle of separation of duties, the FMFIB staff are allocated to departments in accordance with their expertise and competences: a Front Office, a Middle Office, and a Back Office.
The FMFIB teams comprises professionals experienced in the area of structuring and implementing financial instruments in the area of economic, social and regional development, private investment funds, corporate finance, investment and commercial banking, risk management, compliance, law, finance and marketing.
The FMFIB staff has gained their professional experience in entities such as the EBRD, Citi, KPMG, S&P Ratings, Allianz, BDB, BNP CIB, HSBC, SocGen, and the BNB, European Commission, MoF, the MAs of OPIC, OPRD, OPHRD and are graduates from elite universities such as the INSEAD, Harvard, LSE, Cass, Pantheon Assas, Paris Dauphine, AUBG, Salford, Osnabrück.