IFC Capitalization (Sub Debt) Fund makes subordinated loans to systemic banks in developing countries
Co-Head
Prior to joining IFC, Tim was an international economist with the US Treasury Department. He has more than 25 years of experience investing in emerging markets and specializes in financial sector investments.
Tim is a Certified Public Accountant and holds a BBA from the University of Notre Dame, and an MA in International Economics from the Johns Hopkins School of Advanced International Studies.
Co-Head
Jun joined AMC in 2010 as a Senior Investment Manager with the IFC Capitalization Fund. Previously, Jun was a Vice President in the Investment Banking Division at JPMorgan in Tokyo and an Investment Officer in the Financial Institutions Group of IFC. Jun also worked in the Investment Banking Division at Deutsche Bank and at the Bank of Tokyo-Mitsubishi UFJ. Jun is based in AMC's Singapore office.
Jun holds a BA in Political Science from Waseda University and an MBA from the Wharton School, University of Pennsylvania.
Principal
Etleva joined AMC in 2011 as a Senior Associate with the ALAC Fund and was promoted to Principal in 2013. Prior to joining AMC, Etleva was a Senior Investment Officer in IFC’s Global Financial Markets Department, and also worked at Deloitte and a German textile company.
Etleva holds a BA of Business Administration and an MSc in Economics from Eastern Mediterranean University, Cyprus, and an MBA from Case Western Reserve University.
Senior Investment Manager
Ioannis joined AMC in 2013 as part of the IFC Capitalization Fund team. Prior to joining AMC, Ioannis was a Strategy Manager for GlaxoSmithKline, and a management consultant with The Boston Consulting Group.
Ioannis holds a BSc in Economic Theory from the Athens University of Economics and Business, an MBA from INSEAD, and an MPhil in Economics from the University of Oxford.
Senior Investment Manager
Taeho joined AMC in 2015, having previously worked at IFC. Prior to IFC, Taeho worked at Morgan Stanley’s investment banking team in Korea, where he executed M&A and IPO transactions.
Taeho holds a BA in Business Administration from Yonsei University and an MBA from the Wharton School, University of Pennsylvania.
Investment Manager
Dáire joined the IFC Asset Management Company in 2013 as an Associate with the Global Capitalization Funds. Prior to joining AMC, Dáire was an Associate in Credit Suisse’s Equity Research Department, where he covered EMEA emerging market financial stocks. He started his career at Deutsche Bank in London, where he was an Analyst in the FIG M&A team.
Dáire holds a BA in Economics and Russian from the University of Nottingham and an MBA from INSEAD.
Associate
Chongsi returned to AMC in 2017 as part of the Financial Institutions Group Funds team after obtaining her MBA. Prior to joining the FIG Funds, Chongsi worked as an investment analyst at AMC. Previously, she was an investment banking associate in the Financial Institutions Group at J.P. Morgan.
Chongsi holds a BA in International Relations and Economics from Brown University and an MBA from the Wharton School, University of Pennsylvania.
Associate
Kenta joined IFC as part of the Young Professionals Program in 2018 and worked for the Infrastructure Department, where he focused on equity investments. Prior to IFC, Kenta was an Associate in the Principal Investment Group at the Development Bank of Japan (“DBJ”) and DBJ Investment Advisory, an in-house private equity fund, managed by external recruits on a commercial basis. He started his career as an investment banking Analyst in the M&A Advisory Group at Barclays Capital.
Kenta holds a BA in Economics from Keio University and an MBA from the Wharton School, University of Pennsylvania.
Program Assistant
Babita joined AMC in January 2011. Babita joined IFC in April 1995 where she worked at the front office of the Sub-Saharan Africa department. In December 1995 she moved to the Central Asia, Middle East and North Africa department and from there to the Southern Europe & Central Asia (SECA) Department. During this time she provided assistance to the Directors office and was the back-up for the SECA HR Officer. In July 2002, Babita moved to Global Financial Markets where she provided administrative and secretarial support to the Associate Director, Global Financial Markets-Portfolio & Equity Team.
Babita holds a degree in Intermediate of Arts and Psychology.
| Investment | Sector | Country | Status | Investment Date |
|---|---|---|---|---|
| ACLEDA Bank Plc | Banking | Cambodia | Exited | December, 2012 |
| Ahli United Bank B.S.C. | Banking | Bahrain | Exited | March, 2011 |
| Banca Transilvania S.A. | Banking | Romania | Current | May, 2014 |
| Banco BHD, S.A. | Banking | Dominican Republic | Current | November, 2012 |
| Itau CorpBanca | Banking | Chile | Current | October, 2012 |
| Banco Davivienda S.A. | Banking | Colombia | Exited | July, 2014 |
| Banco de Finanzas, S.A. Nicaragua | Banking | Nicaragua | Current | April, 2014 |
| Banco Financiera Comercial Hondureña, S.A. | Banking | Honduras | Exited | June, 2011 |
| Banco G&T Continental S.A. | Banking | Guatemala | Current | December, 2012 |
| Banco Interamericano De Finanzas, S.A. | Banking | Peru | Current | June, 2014 |
| Bank Audi SAL | Banking | Lebanon | Current | March, 2014 |
| Bank Muscat SAOG | Banking | Oman | Current | December, 2011 |
| Bank of Georgia | Banking | Georgia | Exited | December, 2013 |
| Commercial Bank of Ceylon PLC | Banking | Sri Lanka | Current | February, 2013 |
| Ecobank Transnational Inc. | Banking | Africa | Exited | July, 2012 |
| FirstRand Bank, Ltd. | Banking | South Africa | Exited | April, 2014 |
| Khan Bank LLC | Banking | Mongolia | Exited | October, 2013 |
| Vietnam Joint Stock Commercial Bank for Industry and Trade | Banking | Vietnam | Current | January, 2011 |
| XacBank LLC | Banking | Mongolia | Current | June, 2012 |
Banking
Cambodia
Exited
December, 2012
Banking
Bahrain
Exited
March, 2011
Banking
Romania
Current
May, 2014
Banking
Dominican Republic
Current
November, 2012
Banking
Chile
Current
October, 2012
Banking
Colombia
Exited
July, 2014
Banking
Nicaragua
Current
April, 2014
Banking
Honduras
Exited
June, 2011
Banking
Guatemala
Current
December, 2012
Banking
Peru
Current
June, 2014
Banking
Lebanon
Current
March, 2014
Banking
Oman
Current
December, 2011
Banking
Georgia
Exited
December, 2013
Banking
Sri Lanka
Current
February, 2013
Banking
Africa
Exited
July, 2012
Banking
South Africa
Exited
April, 2014
Banking
Mongolia
Exited
October, 2013
Banking
Vietnam
Current
January, 2011
Banking
Mongolia
Current
June, 2012