UK-based CDC Group appoints Myanmar country representative

UK’s development finance institution CDC Group, an investor in a number of Myanmar businesses, has appointed Myo Zin as its new country representative in the Southeast Asian nation.

Based in Yangon, Myo will work closely with CDC’s teams in the London and India office and will play an instrumental role in expanding CDC’s footprint across Myanmar, the investor said in a statement.

Myo will focus on broadening CDC’s capital investments in Myanmar and support active in-country portfolio management. He will help strengthen CDC’s partnership with local businesses as well as facilitate the organisation’s commitment to increasing investment flows to the country and advancing the development of Myanmar’s private sector.

“Providing flexible and counter-cyclical financing will help to enable sustainable business growth, develop a responsible private sector ecosystem, bolster job creation and improve the lives of millions of people in the country,” CDC said.

Myo has garnered over eight years of experience in the financial services sector, as a former country representative and investment lead for Myanmar at Luminate and Omidyar Network, a former manager at PwC Myanmar, and former senior manager at Kanbawza Bank.

“Myo’s experience and knowledge of the country’s economic and financial landscape will be vital in solidifying our partnership with businesses and will help us to mobilise much-needed growth capital to support sustained development and enhance economic opportunities for the people of Myanmar,” commented Srini Nagarajan, Head of Asia at CDC.

The development finance institution has also appointed Thura Ko Ko, founding partner of Myanmar advisory firm YGA Capital, as a local advisor. Thura will support Myo and other CDC teams in expanding CDC’s network, investing capital and promoting the development of the private sector in Myanmar, CDC said.

The UK-based organisation is a limited partner in funds managed by local general partners such as Delta Capital Myanmar and Anthem Asia. It directly invested in telecom company Frontiir and Irradwaddy Green Towers. It has also backed the formation of the Myanmar Private Equity and Venture Capital Association.

CDC said this year it will invest over $1.5 billion in companies across Africa and Asia with a focus on fighting climate change, empowering women and creating new jobs and opportunities.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.