US Senate confirms Parekh to top post

Baghdad

Nominated by Obama in August 2014, Deven Parekh, 46, is currently a managing director at New York-based private equity and venture capital firm Insight Venture Partners, a position he has held since 2001. Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution. It mobilises private capital to help solve critical development challenges and, in doing so, advances US foreign policy.

A major fund raiser for Obama’s presidential campaigns, Parekh held a number of roles at Berenson Minella & Company between 1992 and 2000, including Principal and Vice President. Previously, from 1991 to 1992, he was a financial analyst for the Blackstone Group. He has served as a Member of the Technological Advisory Council of the Federal Communications Commission since 2011. He is a Member of the Board of Publicolor, which he chaired from 2007 to 2012.

A B S from the Wharton School of the University of Pennsylvania, Parekh is Treasurer and Member of the Board of Governors of the National Academy Museum, a Member of the Board of the Tisch MS Research Center of New York, and a Member of the Greater NY Partnership.