Jin-Yong Cai is Executive Vice President and CEO of IFC, a member of the World Bank Group and the largest global development institution focused on private sector development and the fight against poverty.
Cai, a Chinese national, joined IFC on October 1, 2012. He has extensive experience in private sector development in emerging markets across the globe. He also has deep expertise in a variety of financial products and industries—and a record of success managing highly complex business transactions, with clients in developed and developing markets alike. Throughout his career, he has been recognized for his role in major transactions in financing, restructuring, and mergers and acquisitions.
Before joining IFC, Cai worked in the financial services industry for 20 years. That included 12 years with Goldman Sachs Group, where he was part of Goldman Sachs’ global leadership team and its top executive in China. Before that, he held senior positions in Morgan Stanley’s investment banking division. During his time at Morgan Stanley, he was seconded to the China International Capital Corporation at the inception of what has since become one of the country’s largest investment banks.
Cai, who began his professional career in the World Bank Group in 1990, has a Ph.D. in economics from Boston University and a Bachelor of Science degree from Peking University.