Indo-American Deven Parekh is managing director of software investment company Insight Partners
Washington:
US President Donald Trump announced Friday his intention to appoint Indian American Deven Parekh as a member of the board of directors of the International Development Finance Corporation.
The appointment of Mr. Parekh, Managing Director of the software investment company Insight Partners, will last three years.
Mr. Parekh previously served on the board of directors of Overseas Private Investment Corporation from 2016 to 2018 and was a member of the advisory board of the United States Export-Import Bank from 2010 to 2012.
Deven Parekh, one of the world‘s leading Indo-American venture capitalists, earned his BS in economics from the Wharton School at the University of Pennsylvania.
Last month, he co-hosted a virtual fundraiser for former Vice President Joe Biden, who is the Democratic presidential candidate against Donald Trump.
Parekh also raised funds for former President Barack Obama.
He held several positions at Berenson Minella & Company between 1992 and 2000, including those of director and vice-president. Previously, from 1991 to 1992, he was a financial analyst for the Blackstone group.
As managing director of Insight Partners, Deven Parekh manages investments in application software, data and consumer Internet activities worldwide. He has actively worked for investments in Europe, Israel, China, India, Latin America and Russia. In India, among others, he has invested in BharatPe.
(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)
