UK’s development financial institution CDC Group has appointed Tony Morgan as its new Managing Director, Direct Equity, according to a statement.
In his new role, Morgan will lead a team over 100 impact investment professionals in CDC’s Direct Equity division and will report directly to Chief Executive Nick O’Donohoe.
Morgan, who has nearly 20 years experience as an equity investor, was most recently Managing Director of Onex. He has held senior roles at Permira, Alchemy Partners, and, Canada Pension Plan Investment Board.
He will support CDC in its commitment to invest $6 billion in the 2018–2021 period across Africa and Asia, as it works towards the UN Global Goals, the company said in the statement.
CDC, which has spent 70 years creating partnerships through investing equity into businesses, has over 100 businesses in its direct equity portfolio, valued at $1.5 billion.
“Our core mission is to invest capital to improve people’s lives in Africa and Asia. Last year, we invested over $1.4 billion in our markets. Tony brings extensive investment experience to our direct equity business, we look forward to building many more partnerships as we support a business’s growth over the long-term,” said CDC’s Chief Executive Nick O’Donohoe.