Washington, D.C., November 1, 2017 -
Today, Marcos Brujis assumes the role of CEO of IFC Asset Management Company LLC (AMC), a wholly-owned subsidiary of IFC that raises and manages third-party capital for investment in IFC member countries. Marcos was selected as AMC CEO after an international recruitment process managed by an executive search firm. His appointment has been confirmed by both the AMC Board and the IFC Board.
A Peruvian national, Marcos has worked at IFC since 2000. In July 2009, Marcos joined AMC as one of its founding executives. He headed the team that managed AMC's first fund, the US$3 billion Capitalization Fund, and sat on the Investment Committees for that fund and for the US$1 billion IFC African, Latin American and Caribbean Fund, AMC’s first regional fund. In 2014, Marcos was asked to take responsibility for IFC's largest investment business and became the Global Director of IFC's Financial Institutions Group. For the last three years, in this role, Marcos has led IFC’s wide-ranging investment and advisory activity in the financial sector around the world, and has been a strong partner for AMC in the financial sector investments AMC has made.
Prior to joining AMC, Marcos had been IFC's Manager for Mexico and Central America and had also managed various product lines within IFC's financial sector business. Earlier in his career, Marcos was Executive Director of Institutional Banking at HSBC Argentina. In 1994, he was appointed Vice Chairman of the Board of the Argentina Private Development Trust, a private equity fund focused on privatizations in that country. Marcos was also the Founder, Board Member and key fundraiser for the Peru Privatization Fund (PPF), a US$200 million fund launched in 1995.
Marcos succeeds Gavin E.R. Wilson, AMC’s CEO since its founding in 2009, who completed his second term on October 31. “I am delighted that Marcos is taking over as CEO,” said Wilson. “When we started AMC together eight years ago, we had a concept, a blank sheet of paper and a shared vision of how we might be able to marry the risk-return requirements of commercial capital with development needs. Through the efforts of the IFC and AMC teams we have been able to make this a reality, with more than $10 billion raised across 13 funds.”
“It is an incredible honor for me to rejoin AMC as its CEO,” said Brujis, CEO IFC Asset Management Company. “I look forward to leading AMC into its next phase of growth.”
“I am pleased that the AMC Board has chosen Marcos as Gavin’s successor and I am sure that his extensive experience with both IFC and AMC will ensure strong continuity,” said Philippe Le Houérou, IFC Chief Executive Officer and AMC Board Chair. “As an IFC staff member for 17 years and a founding member of AMC, Marcos will bring a deep understanding of both institutions to this role and be effective starting on day one.”
Le Houérou added: “I also want to thank Gavin for his strong leadership and dedicated service. He has taken AMC from a concept to a leading emerging markets fund manager, and has done so with a blend of passion and pragmatism. We wish him the very best in the future.”
Marcos will assume leadership of a fund manager that has raised 13 funds focused on emerging markets, including equity, debt and fund-of-fund products. In 2016, AMC-managed funds committed more than $1 billion to 22 new and nine follow-on investments, of which 24 were direct investments and seven were fund commitments including secondaries. At the same time, AMC raised $1.1 billion of new capital across five funds, bringing total funds raised since inception to $10 billion. To date, AMC has made investment commitments of $6.0 billion and distributed $1.7 billion to investors.
About IFC Asset Management Company
IFC Asset Management Company LLC (“AMC”) is a wholly-owned subsidiary of IFC. AMC manages funds on behalf of a wide variety of institutional investors, including sovereign funds, pension funds, and development finance institutions. AMC invests in IFC transactions and leverages IFC's extensive footprint, network and track-record of investing in emerging markets. All its investments adopt IFC's ESG Performance Standards. AMC manages more than $10 billion across thirteen funds. Learn more at
www.ifcamc.org
