UK-based development finance institution CDC Group has appointed Diana Noble as its new chief executive officer. She will lead the organisation as it follows its new business plan (announced in May this year) and focuses upon the poorest regions of the Sub-Saharan Africa and South Asia.
Prior to joining CDC, Diana was working as an executive vice-president at the Clinton Foundation Health Access Initiative where she was responsible for teams supporting the government scale-up of access to HIV/AIDS treatment in 43 countries, including much of the Sub-Saharan Africa.
She had also been a Partner at Schroder Ventures for 12 years, a founding CEO at eVentures and founding MD at Reed Elsevier’s venture capital fund. She had been involved in international development for five years.
“Under Diana’s leadership, CDC has the chance to nurture thousands of promising businesses in the poorest parts of the world, helping people pull themselves out of poverty and boosting economic growth,” said Andrew Mitchell, MP of Sutton Coldfield and Secretary of State for International Development.
, the CDC Group committed Rs 245 crore as an anchor investor to Pragati Venture and Incubator Fund, a private equity fund focused on the eight poorest states in India.
Recently, the company has changed its investment strategy under which it will also look at direct investments and use instruments like debt.