CDC Group hires former Goldman Sachs risk management expert
CDC Group Plc, the UK’s impact investor for Africa and South Asia, has announced the appointment of Jon Hughes as its chief risk officer.
Hughes brings to CDC over 23 years’ experience in risk management, having held several senior roles within risk at Goldman Sachs.
Hughes will oversee CDC’s risk team and maintain the organisation’s 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. Hughes will sit on CDC’s executive committee.
Nick O’Donohoe, CDC chief executive, said: “We are pleased to have Jon’s depth and breadth of experience as he takes leadership of our risk function. 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.”
Hughes said: “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.”
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