Stephen Groff

Stephen P Groff is an economist and Governor of the National Development Fund of Saudi Arabia.

Stephen P Groff
Governor of the National Development Fund
Assumed office
February 2019
Ranking vice president of the Asian Development Bank
In office
September 2011  February 2019
Preceded byC. Lawrence Greenwood
Personal details
BornCamp Lejeune, North Carolina, USA
SpouseMaria Theresa O. Regalado
Alma materYale University, Harvard University, Erasmus University
OccupationEconomist

Groff was appointed as Governor of the National Development Fund (NDF) in February, 2019. He is responsible for establishing this new $130 billion development finance institution with the objective of supporting economic diversification and raising the level of performance of sectoral funds and development banks in Saudi Arabia.

He was previously ranking vice-president of the Asian Development Bank (ADB) in Manila, Philippines. At ADB he was responsible for operations in East Asia, Southeast Asia, and the Pacific, amounting to over $6 billion in new lending every year and a portfolio of $35 billion.

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