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.