Investment Banking News

AIIB to add 50 experts for private renewable investing

Posted by Anton Murray Consulting on . Posted in Investment Banking News

AsianInvestor

Asian Infrastructure Investment Bank (AIIB) intends to hire 50 investment experts this year as part of its efforts to commit 50% of its approved financing to renewable projects by 2025, with a particular focus on the support of private sector investors. These efforts will span directly supporting projects with making equity co-investments and issuing bonds related to environmental, social and governance projects, according to its head of investments. Jin Liqun, president of the multilateral bank, told an online event in January that AIIB wants efforts to address climate change comprise at least half of its financing approvals by 2025.

To achieve those targets, the young multilateral development bank will need many more personnel to implement strict selection criteria, said D. J. Pandian, vice president and chief investment officer at AIIB. “That means projects worth $8 billion to $9 billion per year are likely to be approved by that time,” he told AsianInvestor in an interview. “To strengthen the investment team, we are planning to hire 50 more talents globally this year, particularly in the private investment sector. The private investment goal is because we need to mobilise more fund from non-government sides.”

The rest of this article can be found at asianinvestor.net.

Newsletter Archives

Our clients include

* Prior invoiced clients across the region.