AFRICA – CDC Group Plc, the UK’s impact investor for Africa and South Asia, has announced the appointment of Jonathan Hughes as its Chief Risk Officer.
Jonathan brings to CDC over 23 years’ experience in risk management, having held several senior roles within Risk at Goldman Sachs, including Global Head of Market Risk Capital and Analysis, Chief Risk Officer of Goldman Sachs International, Chief Risk Officer of Infrastructure and Private Equity Fund Management. Jon was also Chief Risk Officer at Rothesay Life.
Jonathan will oversee CDC’s Risk team and maintain the organisation’s robust risk awareness and management structure. Effective immediately, he will take on responsibility of the organisation’s risk management across all markets, portfolio, liquidity, operational, security and other non-financial risks. Jon will sit on CDC’s Executive Committee.
“We are pleased to have Jon’s depth and breadth of experience as he takes leadership of our Risk function,” said Nick O’Donohoe, Chief Executive.
“His track record of establishing risk systems and transformation of risk management is valuable in further strengthening our organisation’s risk management structure and processes. We welcome his expertise in helping CDC and our 1,200 investee partners navigate the risks and challenges that arise throughout the process of our activities across our markets. It’s great to have Jon on the CDC team.”
“I am excited to join an organisation that drives sustainable impact and so improves the lives of millions of people in Africa and South Asia. I am keen to harness the benefit of my industry experience to the fantastic work already being done at CDC and support the organisation as it reinforces effective risk management across all areas,” said Jonathan.
CDC Group is the UK’s first impact investor with over 70 years of experience of successfully supporting the sustainable, long-term growth of businesses in South Asia and Africa.
CDC is a leading player in the fight against climate change and a UK champion of the UN’s Sustainable Development Goals – the global blueprint to achieve a better and more sustainable future for us all.
The company has investments in over 1,200 businesses in emerging economies and a total portfolio value of £5.8bn. This year CDC will invest over US$1.5bn in companies in Africa and Asia with a focus on fighting climate change, empowering women and creating new jobs and opportunities for millions of people.
CDC is funded by the UK Government and all proceeds from its investments are reinvested to improve the lives of millions of people in Africa and South Asia.
CDC’s expertise makes it the perfect partner for private investors looking to devote capital to making a measurable environmental and social impact in countries most in need of investment.