Deals
JPMorgan Starts Development Finance Group to Help Meet UN Goals
- Bank hires Faheen Allibhoy from International Finance Corp.
- Bank’s public sector head, Daniel Zelikow, to chair DFI board
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JPMorgan Chase & Co. is building a group to provide more financing and advice for development in emerging markets, looking to use profit-making operations to support efforts by the international community.
The lender hired Faheen Allibhoy, who spent almost two decades at the International Finance Corp., to run the new development finance institution, according to a statement Tuesday. She will work with JPMorgan’s bankers to identify transactions and investors.