US President Trump intends to nominate Indian American to IDFC Board

United States President Donald Trump has announced his intention to nominate leading Indian-American global venture capitalist Deven Parekh as a member of the Board of Directors of an independent agency of the government that provides financing for private development projects.

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Key-Points

The nomination of Parekh to be a member of the Board of Directors of the International Development Finance Corporation will be for a term of three years.

Deven Parekh is the managing director at software investment firm Insight Partners.

The nomination of Deven Parekh to be a member of the Board of Directors of the International Development Finance Corporation will be for a term of three years.

Parekh previously served on the Overseas Private Investment Corporation board from 2016 to 2018 and was a member of the advisory board of the United States Export-Import Bank from 2010 to 2012.

Parekh has received his BS in Economics from the Wharton School at the University of Pennsylvania.