J.P. Morgan gets its development finance institution operations underway
Announced in early 2020, the behemoth US financial institution is targeting an annual transaction value of more than $100bn. A first core group of executives has already been formed.
03/04/2020 at 17h13, by Africa Business+
J.P. Morgan Development Finance Institution (JPM DFI), launched in January by J.P. Morgan, the largest US bank in terms of assets, has yet to carry out its first transactions, but a team of experienced professionals has already been set up at its New York headquarters. Led by Faheen Allibhoy, a graduate of the prestigious Wellesley College and holder of an MBA from Harvard Business School. She was poached away in February 2020 from the International Finance Corporation (IFC), her employer for 18 years, the last four of which she spent in Dakar Country Manager for Senegal.
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