Washington, DC: The US Senate on Feb 19 confirmed nominees to several ambassadorships and key administrative posts including that of Sunil Sabharwal as Alternate Executive Director to the International Monetary Fund (IMF), a post for which President Obama had nominated Sabharwal first in April 2014 and again in March 2015. Sunil Sabharwal is an independent Indian American investor, whose confirmation hearing was held in May of last year. He was sworn-in earlier this week, and has assumed his position yesterday.
Sabharwal was born in New Delhi to an Indian printing entrepreneur and his mother is of Hungarian descent. As a child, Sabharwal moved to Budapest with his mother and in 1983 they fled the Hungarian Communist regime, and received asylum in the US. Sabharwal has impressive academic credentials from The Ohio State University (OSU), London Business School (LBS) and UK’s Institute of Directors (IOD).
In post-Communist Hungary, Sunil Sabharwal was instrumental in setting up the Budapest office of the European Bank for Reconstruction and Development (EBRD) and subsequently joined its Financial Institutions team in London. Sabharwal spent 10 years in private equity and mergers and acquisitions at GE Capital and First Data/Western Union, and completed numerous investments and sat on several boards. From 2011 to 2013, Sabharwal served as Chairman of the Board of Ogone, a Brussels based European e-commerce payment Services Company during which period he also launched the company’s US and Indian operations.
A keen and gifted fencer, Sabharwal is a former NCAA All-American and Big Ten Champion. He was Chief of Mission of the US Olympic Fencing team to the Beijing Olympics in 2008. His other Olympic roles have included being member of the IOC’s Sport & Environment commission.
Sabharwal says "I truly appreciate the help of USINPAC and its Chair, Mr Sanjay Puri, who have mobilized support across state and constituency lines within the Indian -American community. I am touched by their pro-active engagement, am proud to serve as one of them, and am really looking forward to joining the IMF in this important role."
USINPAC congratulates Indian American Sunil Sabharwal on his confirmation as US Alternate Executive Director of the International Monetary Fund and wishes him much success at this prestigious post and for his future endeavors.
The US India Political Action Committee (USINPAC) is the voice of over 3.2 million Indian- Americans and works on issues that concern the community. It supports candidates for local, state and federal office and encourages political participation by the Indian- American community. Visit www.usinpac.com for more details.