Chief/Principal Investment Officer

Contract

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

Chief/Principal Investment Officer

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 infrastructure solutions across a wide range of sectors is one of IFC’s key strategic priorities. The Global Infrastructure Department (CNG) and the Global Energy and Mining Department (CEM) work closely with IFC’s regional infrastructure teams (and together with CNG and CEM, collectively referred to as INR) to finance and provide technical guidance to companies in the energy, transport, telecoms & technology, municipal & environmental infrastructure, and mining sectors from IFC’s own balance sheet and through mobilization of other capital.

The Equity team (CNGES) within the Global Infrastructure Department operates in close collaboration with regional infrastructure teams and regional departments to (i) formulate IFC’s strategy for investing equity and mezzanine financing across the infrastructure sectors, (ii) engage in business development, (iii) execute transactions, and (iv) manage assets from origination until exit. CNGES is headed by the Global Equity Head (GEH) based in Washington DC. GEH is a member of INR’s Senior Management Team.

IFC is seeking a Chief Investment (CIO) or Principal Investment Officer (PIO) as senior member of CNGES, to be based in either, Washington D.C, or Singapore, to expand CNGES’s further execution capabilities on new business and portfolio on the equity and mezzanine space in INR. Please express your location preference on the application. The CIO/PIO position requires significant and demonstrated execution capabilities on the infrastructure equity and mezzanine space.

Roles & Responsibilities: The PIO/CIO will report to GEH.

The role and responsibilities of the CIO/PIO will include but not be limited to:

• Lead multidisciplinary teams in evaluating, structuring, negotiating, and closing equity and mezzanine investments. Focus will be on INR's largest and most complex transactions. • Source new equity and mezzanine transactions with existing and new IFC’s clients. • Work with INR’s Regional Industry Heads in developing equity/mezzanine strategies for geographies. • Assume senior-level responsibility for key equity and mezzanine holdings, including portfolio management, follow-on investments, restructurings, and exits. • Serve as IFC's nominee director on the boards of investee companies • Contribute to IFC's repository of industry specific and equity/mezzanine product know-how, lessons learned, and other tools for better and more efficient decision-making. • Promote an equity culture, provide guidance and mentoring to junior staff. Participate on equity and mezzanine trainings. • Supervise and oversee performance of junior staff.

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 infrastructure solutions across a wide range of sectors is one of IFC’s key strategic priorities. The Global Infrastructure Department (CNG) and the Global Energy and Mining Department (CEM) work closely with IFC’s regional infrastructure teams (and together with CNG and CEM, collectively referred to as INR) to finance and provide technical guidance to companies in the energy, transport, telecoms & technology, municipal & environmental infrastructure, and mining sectors from IFC’s own balance sheet and through mobilization of other capital.

The Equity team (CNGES) within the Global Infrastructure Department operates in close collaboration with regional infrastructure teams and regional departments to (i) formulate IFC’s strategy for investing equity and mezzanine financing across the infrastructure sectors, (ii) engage in business development, (iii) execute transactions, and (iv) manage assets from origination until exit. CNGES is headed by the Global Equity Head (GEH) based in Washington DC. GEH is a member of INR’s Senior Management Team.

IFC is seeking a Chief Investment (CIO) or Principal Investment Officer (PIO) as senior member of CNGES, to be based in either, Washington D.C, or Singapore, to expand CNGES’s further execution capabilities on new business and portfolio on the equity and mezzanine space in INR. Please express your location preference on the application. The CIO/PIO position requires significant and demonstrated execution capabilities on the infrastructure equity and mezzanine space.

Roles & Responsibilities: The PIO/CIO will report to GEH.

The role and responsibilities of the CIO/PIO will include but not be limited to:

• Lead multidisciplinary teams in evaluating, structuring, negotiating, and closing equity and mezzanine investments. Focus will be on INR's largest and most complex transactions. • Source new equity and mezzanine transactions with existing and new IFC’s clients. • Work with INR’s Regional Industry Heads in developing equity/mezzanine strategies for geographies. • Assume senior-level responsibility for key equity and mezzanine holdings, including portfolio management, follow-on investments, restructurings, and exits. • Serve as IFC's nominee director on the boards of investee companies • Contribute to IFC's repository of industry specific and equity/mezzanine product know-how, lessons learned, and other tools for better and more efficient decision-making. • Promote an equity culture, provide guidance and mentoring to junior staff. Participate on equity and mezzanine trainings. • Supervise and oversee performance of junior staff.

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. • A minimum of 15 years relevant work, much of which should have involved equity/mezzanine investments, ideally most of which in minority holdings in emerging markets • Experience in and market/technical knowledge of INR sectors. • Proven ability and track record of engaging with client companies and shareholders at most senior/ decision making levels. • Top-level negotiating and structuring expertise in equity and mezzanine products and ability to deliver results under stressful timetable and environment. • Well-developed network among financial and strategic investors and potential investee companies. • Experience in portfolio management, including exits. Prior experience as a board director is a distinct advantage. • Strong written and verbal communications skills; fluency in English essential • Ability to work in multicultural teams and on multiple projects simultaneously

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.