Monish Mahurkar is currently Head of Climate Transition at ARGA Investment Management LP, a global value manager serving institutional clients with demonstrated ESG leadership. In this role, he leads a team focused on building sector and technology frameworks to help analyse portfolio companies’ decarbonization strategies.
Prior to joining ARGA, Monish served as Vice President of Corporate Strategy & Resources at the International Finance Corporation (IFC), the private sector arm of the World Bank Group (WBG) till June 2021. In this position Monish led the alignment of IFC’s corporate strategy leveraging critical enabling resources with oversight of departments responsible for Strategy and Stakeholder Engagement, Human Resources, Budget, and Administration as well as Information Technology.
Since 2015, he was actively involved as IFC’s lead on a series of strategic WBG initiatives, including Financing for Development, IDA18 Private Sector Window, Voice Reform, Forward Look and Capital Increase. He played a key role in shaping IFC’s 3.0 strategy and the Capital Increase Policy Package.
As a member of IFC’s management team, Monish provided active leadership to the institution’s strategic and people related programs and deliverables including as a member of IFC’s Upstream Steering Committee and the Blended Finance Committee, as well as Chair of the Information Technology Steering Group and the HR Sounding Board. He also represented IFC on WBG corporate committees including as Co-Chair of the Committee on Diversity & Inclusion and member of the Global Crisis Response Platform, the Real Estate Council, Corporate Procurement, Internal Justice and Corporate Responsibility committees.
Previously Monish was IFC’s Director of Treasury Market Operations (2014-17) with oversight of IFC’s substantial funding program and its liquid assets and cash portfolios. Prior to that, as Director of Treasury Client Solutions (2012-14) he led a team focused on local-currency financing and capital markets development through innovative transactions in various countries. Monish has extensive experience in emerging markets including Asia, Eastern Europe, and Africa with application of a range of financial instruments including bonds, derivatives, and structured products from both an issuer and investor perspective. He has managed substantial risk, revenues and balance sheets at Citibank Tokyo, Citigroup New York and IFC in Washington DC.
With over 35 years of international banking and development finance experience at technical, managerial, and senior leadership levels – across the private sector as well as at multilateral institutions – Monish has successfully led businesses and teams of high calibre professionals in different cultural environments across Mumbai, London, Tokyo, New York, Manila and Washington DC holding senior positions at Citibank, Merrill Lynch, ADB and IFC. He has demonstrated leadership and commitment to internal and external clients, stakeholders, regulators, and policy makers with significant engagement in strategic initiatives including at IFC and World Bank Group.
Monish holds a BA (Hon) in Economics from St. Stephen’s College, Delhi University and an MBA from Indian Institute of Management, Bangalore.