People Digest: IFC names new India head; EQT announces key hires in Japan

IFC India head Wendy Werner. Source: IFC

International Finance Corporation (IFC), a member of the World Bank Group, has announced a new country head for India while Swedish alternative investment firm EQT has announced two key hires in Japan.

IFC names new India head 

IFC has appointed Wendy Werner as its new country head for India, according to an announcement.

Werner, who will be based in New Delhi, will focus on the growth and diversification of IFC’s India portfolio. She will spearhead cross-industry collaboration to promote IFC’s impact on climate, gender, and innovation, said a statement.

Werner was previously the country manager for Bangladesh, Bhutan and Nepal at the development finance institution. Prior to that, she was IFC Trade & Competitiveness Manager for East Asia and the Pacific. She joined IFC in 2006 after working in the power and energy sector in the United States.

“Wendy’s leadership and extensive experience will be key as we implement plans to take our India and South Asia franchises to the next level,” said Hector Gomez Ang, Regional Director for South Asia at IFC. “With this appointment, I am confident she will bring valuable insight to the position and deepen our relationships in the country, while bolstering IFC’s efforts to support a strong post-COVID recovery by creating sustainable jobs and reinvigorating growth in India.”

In India, IFC’s largest client country globally, commitments for the fiscal year ending June 2021 stood at $1.7 billion, representing an increase of over 51% from last year.

EQT announces two key hires in Japan

Swedish alternative investment firm EQT has appointed former Japan Post Investment executive Tetsuro Onitsuka as head of its private equity business in Japan, according to an announcement.

Prior to helming Japan Post Investment, Tetsuro was principal and head of Japan at TPG Capital.

EQT has also named Masahiko Kato as its head of infrastructure business in the Asian country. Masahiko was until recently a deputy general manager in Mitsubishi’s private equity and infrastructure division.

The appointment of two senior hires in Japan is in line with EQT’s long-term strategy of expanding its presence within the Asia-Pacific region, the investor said in an announcement.

“We are thrilled to welcome Tetsuro and Masahiko to lead EQT’s operations in Japan. The country offers a wide range of compelling opportunities in EQT’s core sectors and we are confident that our industrial heritage, thematic investment strategy and expert capabilities within technology and ESG will create value for Japanese companies,” said Thomas von Koch, Partner and Chairperson of EQT Asia Pacific.

Tetsuro and Masahiko will continue to build EQT’s Tokyo-based team while exploring thematic investment opportunities in Japan. In addition, they will lead the process of strengthening EQT’s bench of experienced Japanese advisors, the firm said.

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.