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UK development financing body CDC hires ex-Permira veteran as board chairman

30 Aug 2013

Graham Wrigley CDCUK development finance institution CDC has appointed ex-Permira and Aureos veteran Graham Wrigley as chairman of its board from January 2014.

Wrigley, pictured, spent 17-years with Permira before a stint as chairman of emerging markets SME investor Aureos.

He will take over from Richard Gillingwater, who has been chairman of the CDC board since April 2010.

UK International Development Secretary Justine Greening said, “I am very pleased to announce that I have appointed Graham Wrigley as the new Chair of CDC.

“His considerable experience as a successful investor, helping small enterprises to grow into profitable businesses, and his demonstrated commitment to working in developing countries make him the ideal candidate to lead CDC in the implementation of its new strategy.

“CDC’s investment in promising businesses which can create jobs is crucial if we are to generate the growth developing countries need to escape poverty.”

Wrigley added, “I’m delighted to be joining CDC at such an exciting time for the organisation.

“The high calibre team at CDC is making enormous progress delivering the new strategy, which will create jobs and support the growth and building of businesses in some of the world’s poorest countries.

“Investing successfully in challenging places as well as demonstrating the impact of these investments requires a long term horizon and enormous patience, so there is plenty more to do.”

Wrigley joins CDC as the organisation embarks on a new strategy focused on supporting the growth of businesses to help achieve significant job creation across Africa and South Asia.

New investments will solely benefit businesses in Africa and South Asia, where over 70 per cent of the world’s poor live and where only 25 per cent of those of working age have formal jobs.

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