Goldman's Jin-Yong Cai moves to IFC

IFC, a member of the World Bank group, names former Goldman Sachs China head as its new chief executive.

Goldman's Jin-Yong Cai moves to IFC

The World Bank has hired Jin-Yong Cai, a veteran Chinese banker, to head its private-sector investment arm, IFC, which manages $20 billion worth of emerging-market investment projects.

Cai, the former president of Goldman Sachs’s China investment banking division and head of Goldman Sachs Gao Hua Securities, is taking up the role of executive vice-president and chief executive officer at IFC. He is the second Chinese national to hold a senior position at the...

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