WASHINGTON – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler has sworn in two new members to serve on DFC’s Board of Directors, Irving W. Bailey II and Deven Parekh.
“We are excited to welcome Mr. Bailey and Mr. Parekh to DFC’s Board of Directors at such a historic time for the agency,” said DFC CEO Adam Boehler. “Both members bring extensive expertise in the financial services industry and robust private sector experience to the Board.”
The new members were nominated to the DFC Board by President Donald J. Trump and confirmed by the United States Senate on December 17.
DFC’s Board of Directors consists of representatives from U.S. Government agencies and the private sector. The private sector Board members are nominated by the President after consultation with the Congressional leadership.
Learn about DFC’s new Board members:
Irv Bailey, Senior Advisor, Chrysalis Ventures
Deven Parekh, Managing Director, Insight Partners
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.