THEAFRICABAZAAR Staff Writer
January 11, 2016
Global asset management firm TPG said Monday that Jin-Yong Cai, a former International Finance Corporation Chief Executive Officer and Executive Vice president, has joined the firm as a partner and will help accelerate its investment portfolio in Africa, Asia and Latin America.

In a newly created role, the investment firm said Mr. Cai will work across TPG’s investment platforms, leveraging his expertise and networks to source new investment opportunities in projects and companies as well as help the firm catalyzes on its current portfolio in frontier and emerging markets.

Jon Winkelried, Co-Chief executive officer of TPG, who worked previously with Mr. Cai at Goldman Sachs said Mr. Cai’s inclusion to the TPG leadership will be an excellent addition for firm.

“Jin-Yong is a one of a kind leader in global investment and his relationships and transaction experience will be a tremendous addition to TPG,” said Winkelried.

Mr. Cai, a 20-year veteran of the financial services industry, brings a proven insight and operational strength to TPG. Under Cai’s leadership, IFC, the World Bank Group’s financial unit and the largest global development institution focused on private sector development, introduced a new client-orientated and solutions driven culture to deliver value-added solutions to client globally.

Cai has held senior roles at some of the world’s largest financial institutions, including Goldman Sachs, where he was a partner and top executive in China.

He was a key player in developing China’s first joint venture investment bank, Chian international Capital corporation.

Last June, in its efforts to accelerate its footprint in the African markets, TPG Growth formed a partnership with Satya Capital Ltd  and made its first joint investment in Ecoles Yassamine, a private school in Morocco.

© Copyrights 2016 THEAFRICABAZAAR online, a publication of Imek Media, LLC. All Rights Reserved.