The International Valuation Standards Council (IVSC), the global standard setter for valuation practice and the valuation profession, has made two high profile appointments to its board of trustees.

Ethiopis Tafara, a Vice President for Corporate Risk and Sustainability and General Counsel of the International Finance Group (IFC) and Zhang Guochun, Secretary-General of the China Appraisal Society (CAS), join as trustees.

Previous to his role with the IFC, which is part of the World Bank Group, Mr Tafara was Director of the Office of International Affairs at the U.S. Securities and Exchange Commission. He provided advice on all international legal and policy issues that had an impact on the SEC’s regulatory, supervisory, and enforcement programmes.

He has also served as the Vice Chairman of the Board of the International Organisation of Securities Commissions (IOSCO) and Chairman of the Public Interest Oversight Board Monitoring Group, which oversees the public-interest activities of the International Federation of Accountants. Mr Tafara is also an Adjunct Professor at Georgetown University Law Centre, where he teaches a course on Regulation of International Securities Markets.

Mr Zhang started his career in the Ministry of Finance (MOF) of the People’s Republic of China in 1996 as a staff member in Economic Construction Department. Later he acted as Economic Affairs Counsellor of the Chinese Embassy in the US for three years from 2007 to 2009, contributing to the bilateral communication and mutual cooperation between the MOF and the US Treasury Department.

Prior to joining CAS, he was the Deputy Director of the External Economic Cooperation Department of the MOF, taking charging of the organisation and coordination of China-US Strategic and Economic Dialogues and high-level bilateral financial and economic dialogues with the UK, France and Germany among others.

Sir David Tweedie, Chairman of the IVSC Board of Trustees, said: “We are extremely pleased to be welcoming two new trustees to the IVSC who bring with them enormous specialist knowledge as well as experience of operating on an international level. “We are a global body which covers both established and emerging markets and both our new trustees will provide critical insight and connections into these areas.”