Chief Investment Officer (Global Equity Head) – MAS and H&E

Contract

This is a World Bank Group grade: GH contract. More about World Bank Group grade: GH contracts.

Chief Investment Officer (Global Equity Head) – MAS and H&E

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

Within IFC, support for the development and expansion of financing and advisory solutions across a wide range of sectors is one of IFC’s key strategic priorities. The Global Manufacturing, Agribusiness & Services (MAS) and Global Health & Education (H&E) departments work closely with IFC’s regional industry teams to finance and provide technical guidance to companies in the manufacturing, agribusiness, services, and health & education sectors from IFC’s own balance sheet and through mobilization of other capital.

The Equity Team (CMGEQ) supports both the Global MAS and H&E Departments and operates in close collaboration with regional industry teams and regional departments to (i) formulate IFC’s strategies for investing equity and mezzanine financing across the MAS and H&E sectors, (ii) engage in business development, (iii) execute transactions, and (iv) manage assets from origination until exit, and (v) lead knowledge management on equity and mezzanine investing.

IFC is seeking a Chief Investment Officer / Global Equity Head (GEH) for MAS and H&E based in Washington, DC. The GEH will have primary responsibility for equity and mezzanine investments. This is a key leadership role requiring significant and demonstrated leadership skills. The Global Equity Head will be part of the senior management team of the MAS and H&E departments, providing leadership to the department’s business strategy, operations, business growth and portfolio oversight, and talent management globally within these business lines.

Roles & Responsibilities:

Governance and staffing

• Report jointly to the Directors of the Global MAS and H&E departments.

• Maintain excellent working partnerships with all Regional Industry Directors/Managers, Global Sector Managers, Regional VPs/Directors, and Risk and Corporate Portfolio Departments.

• Lead the Equity team with global oversight and accountability for MAS’ and H&E’s Equity Business, with staff based in Washington DC, Johannesburg, and Singapore.

New Business

• Responsible for developing equity/ quasi-equity investment themes and portfolio construction goals to guide new equity/ quasi/equity business development.

• Bring knowledge and expertise to MAS’ and H&E’s new business and client activities to support MAS and H&E’s strategy and create value-add for IFC’s investment portfolio and clients.

• Support business development in line with investment themes.

• Serve as the decider on equity and mezzanine investments, including by chairing investment committee reviews of transactions from inception, commitment, disbursement, and exit.

• Establish key investment guidance/criteria for selecting and prioritizing investment opportunities aligned with established equity portfolio construction goals.

• For each new investment, approve: (i) Investment thesis; (ii) Equity management plan; (iii) Investment structure and valuation; (iv) Consistency with equity strategy; (v) Selection and onboarding of board nominees

• Reinforce quality standards and profitability targets for transactions and portfolio

• In addition to decider role on equity and mezzanine investments, GEH is to support overall MAS and H&E business delivery as a member of the Management Team through chairing / approver responsibilities on debt transactions on an as-needed basis to be agreed with MAS and H&E Directors

Portfolio

• Responsible for overall portfolio strategy in line with defined investment themes, in particular, exit strategy formulation and equity management plans

• Identification and validation of core equity investments at the beginning of each fiscal year and oversight of such investments throughout the year

• Chair quarterly regional equity portfolio reviews – focus on execution of equity management plan and realizing value

• Approve equity sales strategies and execution, ensuring consistency with portfolio strategy

• Represent MAS and H&E at periodic Operations Committee reviews of IFC equity portfolio construction, quarterly valuation reviews, etc.

• Approve the appointment and clear any change to the nominee board directors

• Assess the performance of nominee directors

Leadership and Knowledge Sharing

• Provide leadership, professional development, and mentoring for specialized equity IOs

• Disseminate IFCs equity culture and lessons learned, working together with the Legal equity practice group leader and Equity Risk team

• Serve as an internal and external thought leader

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

Within IFC, support for the development and expansion of financing and advisory solutions across a wide range of sectors is one of IFC’s key strategic priorities. The Global Manufacturing, Agribusiness & Services (MAS) and Global Health & Education (H&E) departments work closely with IFC’s regional industry teams to finance and provide technical guidance to companies in the manufacturing, agribusiness, services, and health & education sectors from IFC’s own balance sheet and through mobilization of other capital.

The Equity Team (CMGEQ) supports both the Global MAS and H&E Departments and operates in close collaboration with regional industry teams and regional departments to (i) formulate IFC’s strategies for investing equity and mezzanine financing across the MAS and H&E sectors, (ii) engage in business development, (iii) execute transactions, and (iv) manage assets from origination until exit, and (v) lead knowledge management on equity and mezzanine investing.

IFC is seeking a Chief Investment Officer / Global Equity Head (GEH) for MAS and H&E based in Washington, DC. The GEH will have primary responsibility for equity and mezzanine investments. This is a key leadership role requiring significant and demonstrated leadership skills. The Global Equity Head will be part of the senior management team of the MAS and H&E departments, providing leadership to the department’s business strategy, operations, business growth and portfolio oversight, and talent management globally within these business lines.

Selection Criteria

• Commitment to the World Bank Group and IFC's mission, strategy, and values

• A Master's degree or equivalent professional qualification in finance or business and a minimum of 12 years of relevant work, much of which should have involved equity/mezzanine investments

• Proven track record of managing and motivating staff across different locations, becoming a strong mentor and growing businesses, leading by example

• Excellent leadership and people management skills and openness to feedback

• Building organizational capacity through system and process improvements

• Ability to develop innovative solutions and challenge the status quo to build the business

• Recognized as a team player, leader, strategic thinker, and thought leader

• Strong written and verbal communications skills; fluency in English essential

• Ability to collaborate with teams across the World Bank Group

• Ability to represent IFC externally and to develop and manage relationships with clients, sponsors, private equity, institutional investors, government, media, donors, and other stakeholders

• Ability to work in the matrix organization, deliver high-quality work within deadlines, and meet team objectives

• Strong sense of service to clients and demonstrated business development aptitude

• Very sound business judgment, ability to deliver results under stressful timetables and environment.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.