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European Parliament2014-2019Plenary sittingA8-0312/201811.10.2018REPORTon the proposal for the appointment of the Deputy Managing Director of theEuropean Fund for Strategic Investments(N8-0101/2018 - C8-0424/2018 – 2018/0904(NLE))Committee on BudgetsCommittee on Economic and Monetary AffairsRapporteurs: Jean Arthuis, Roberto Gualtieri(Joint committee meetings - Rule 55 of the Rules of Procedure)RR\1165493EN.docxENPE628.539v02-00United in diversityEN

PR NLE EconGovCONTENTSPagePROPOSAL FOR A EUROPEAN PARLIAMENT DECISION . 3ANNEX 1: CURRICULUM VITAE OF ILIYANA TSANOVA . 5PROCEDURE – COMMITTEE RESPONSIBLE . 8PE628.539v02-00EN2/8RR\1165493EN.docx

PROPOSAL FOR A EUROPEAN PARLIAMENT DECISIONon the proposal for the appointment of the Deputy Managing Director of the EuropeanFund for Strategic Investments(N8-0101/2018 - C8-0424/2018 – 2018/0904(NLE))(Consent)The European Parliament,–having regard to the proposal of the Steering Board of the European Fund for StrategicInvestments of 19 July 2018 for the re-appointment of its Deputy Managing Director(C8-0424/2018),–having regard to Article 7(6) of Regulation (EU) 2015/1017 of the European Parliamentand of the Council of 25 June 2015 on the European Fund for Strategic Investments, theEuropean Investment Advisory Hub and the European Investment Project Portal andamending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the EuropeanFund for Strategic Investments1,–having regard to Rule 122a of its Rules of Procedure,–having regard to the joint deliberations of the Committee on Budgets and the Committeeon Economic and Monetary Affairs under Rule 55 of the Rules of Procedure,–having regard to the report of the Committee on Budgets and the Committee onEconomic and Monetary Affairs (A8-0312/2018),A.whereas Article 7(6) of Regulation (EU) 2015/1017 provides that the ManagingDirector and Deputy Managing Director of the EFSI are to be appointed by the EIB fora fixed term of three years, renewable once, after approval by the European Parliamentfollowing an open and transparent selection process in line with EIB procedures, duringwhich the European Parliament shall be kept duly informed in a timely manner at allstages;B.whereas, on 19 July 2018, the Steering Board of the EFSI adopted a proposal for the reappointment of the Managing Director and Deputy Managing Director of the EFSI andtransmitted this proposal to the European Parliament;C.whereas, on 25 September 2018, the Committee on Budgets and the Committee onEconomic and Monetary Affairs held a hearing with Iliyana Tsanova, the proposedcandidate for the function of Deputy Managing Director of the EFSI, at which she madean opening statement and then responded to questions from the members of theCommittees;1.Gives its consent to the appointment of Iliyana Tsanova as the Deputy ManagingDirector of the European Fund for Strategic Investments;2.Instructs its President to forward this decision to the Council, the Commission, the1OJ L 169, 1.7.2015, p. 1.RR\1165493EN.docx3/8PE628.539v02-00EN

European Investment Bank and the governments of the Member States.PE628.539v02-00EN4/8RR\1165493EN.docx

ANNEX 1: CURRICULUM VITAE OF ILIYANA TSANOVAPROFILE Currently holding the position of Deputy Managing Director of the European Fundfor Strategic Investments (EFSI), a EUR 26 billion guarantee facility provided by theEU to the European Investment Bank Group to support strategic investments inthe EU. Responsibilities for the operational management of EFSI and co-chairingthe EFSI Investment Committee. Over 10 years of development banking experience with the European Bank forReconstruction and Development (EBRD), London, UK. Positions held fromAssociate banker to Director, Financial Engineering and EU co-financing. Held anumber of non-executive board positions with infrastructure funds and utilitycompanies. In 2013 and 2014, appointed Deputy Prime Minister in charge of EU Fundsmanagement in two separate caretaker governments of Bulgaria. Academic background in Corporate and Business Finance. Holder of MSc. in Financefrom University for National and World Economy - Sofia, Bulgaria and postgraduateCertificate in Financial Management from Georgetown University – Washington DC,USA. Worked on an independent research project on mortgage finance developmentin developing countries under a Visiting Scholarship awarded by GeorgetownUniversity and USAID for selected professionals from Central and Eastern Europe.EXPERIENCEDeputy Managing Director, European Fund for Strategic Investments,Jan 2016EIB, Luxembourgpresent Nominated by the EFSI Steering Board and appointed following a hearing by theEuropean Parliament. Together with the Managing Director, responsible for the management of EFSI andco-chairing the meetings of the EFSI Investment Committee (IC). The IC isresponsible for approving the use of the EU guarantee for loan, guarantee and equityinvestments in line with EFSI investment policies and guidelines. Responsibilities for the EFSI implementation and achievement of the EFSI strategicobjectives through close cooperation with the EIB Group and the EFSI SteeringBoard. Contribution to the development and implementation of the strategicpriorities and objectives of the EFSI; Representation of EFSI towards external stakeholders, high level meetings, speakingevents and media. Policy dialog related to the effective use of financial instruments, regulatory and legalframeworks, effective governance and strategic orientation.RR\1165493EN.docx5/8PE628.539v02-00EN

March2015-Jan2016Director, EU Co-financing and Financial Engineering, European Bankfor Reconstruction and Development, London, UKResponsibilities for developing strategic cooperation with the European Commission(EC) for devising and managing innovative financial instruments in the field of researchand innovation, energy efficiency and urban development, environment and climatefinance, SME financing. Providing related policy advise to EC, government authorities,financial institutions and other EBRD clients. In charge of setting up and staffing a newdirectorate, developing the strategic objectives of the team and business development.Reporting directly to the Chief Operating Officer.Aug 2014Nov 2014Deputy Prime Minister in charge of the EU Funds management in thecaretaker government of Bulgaria, appointed by the President of Bulgaria.Apr 2009Aug 2014Senior Banker, European Bank for Reconstruction and Development,Municipal and Environmental Infrastructure Team, London, UK Team leader for business origination, execution and implementation of debt andequity infrastructure investments in South Eastern Europe (SEE), Ukraine and Russia. Chairperson of the Board of Directors of the Municipal Infrastructure DevelopmentFund SICAV, a EUR 100 million impact investment vehicle, providing risk sharingand debt finance for infrastructure investments in the Western Balkans. Lead role forthe conceptual development and structural establishment of the fund as well as fundraising. Member of the Board of Directors of FLAG in Bulgaria, an innovative investmentvehicle providing blended finance for municipal infrastructure investments alongsideEU Cohesion and Structural funds. From 2008 to 2010 – member of the Board of Directors of Sofia Water, a specialpurpose vehicle, responsible for the provision of water supply and sewage services inSofia, Bulgaria and majority owned by United Utilities, an UK listed company. Responsibilities for relationship management and policy dialog with InternationalFinancial Institutions, European Commission, governments and regulatoryauthorities in the region of responsibility.March2013-June2013Deputy Prime Minister and Minister in charge of the EU Fundsmanagement in the caretaker government of Bulgaria, appointed by thePresident of Bulgaria.Apr 2006 –Apr 2009Principal Banker, European Bank for Reconstruction and Development,Municipal and Environmental Infrastructure team, HQ London, UK Geographical focus on Bulgaria, Serbia, Croatia and Russia Leadership and management of project teams for structuring, negotiation andimplementation of investment projects in the field of water and waste water, electricityand heat energy generation and supply, public transport, waste management. Structuring and financing of Public Private Partnerships (PPPs). Successful trackrecord as project leader in restructuring a key PPP project in the region as leadnegotiator through management of significant number of interests (Project Company,Grantor, Regulator, Shareholders, Co-financiers). Key responsibilities for relationship management and policy dialog in Bulgaria.PE628.539v02-00EN6/8RR\1165493EN.docx

Feb 2003 –Apr 2006Associate Banker, European Bank for Reconstruction and Development,Sofia , BulgariaManagement and implementation of projects in the field of railways, transport, watersector, airports, including concession financing. Key role in the preparation of the Bank’sbusiness strategy for the infrastructure sector in Bulgaria.Aug 2001 –Feb 2003Deloitte, Dispute Consulting and Litigation, Washington DC, USA andAssurance and Advisory Services, Sofia, BulgariaInitially started as an intern at Deloitte Dispute Consulting Services in Washington DC,USA. Continued with Deloitte Audit and Advisory in Bulgaria as Senior Auditor. Workedas part of an audit team on a number of projects including statutory and internationalaudits. Experience by client industry: insurance, banking, energy, construction, petroleumdistribution and textile production.Aug 1996Aug 2000Commercial Bank Biochim (currently UniCredit Bulbank), Sofia, BulgariaStarted as an Account Manager, providing corporate account services, consulting andadvisory. In 1998, promoted to Senior Financial Analyst, responsible for budgetingand cost benefit analysis. Delivering solutions for branch restructuring and consolidation.Member of the core team leading product development and creating Biochim’s ProductManualACADEMIC BACKGROUNDAug 2000to Aug2001Visiting Scholar. Georgetown University and George Washington University.Washington DC, USAVisiting Scholarship awarded by Georgetown University and USAID for selectedprofessionals from Central and Eastern Europe. Postgraduate courses in CorporateFinance, Applied Forecasting and Time-Series Analysis, Advanced Financial StatementAnalysis, Financial Management, Investment Analysis and Portfolio Management.Independent research project in the field of Mortgage Finance development in transitioncountries.Aug 1994to Dec1998MSc. in Finance. University for National and World Economy. Sofia, BGStudied courses in Finance, Accounting, Investments, Banking and Law. Focus onCorporate Finance.OTHER QUALIFICATIONS AND AWARDSSkillsBusiness software: Microsoft Office Suite (Word, Excel)AwardsVisiting Scholarship, awarded by USAID and Georgetown University for postgraduatestudy and research, Washington DC, USA.Designated Young Global Leader by the World Economic Forum, year 2015LanguagesNative Bulgarian. Fluent in English. Russian – intermediate levelRR\1165493EN.docx7/8PE628.539v02-00EN