David Wilton has stepped down as chief investment officer for global private equity at the International Finance Corp., a member of the World Bank Group, Fortune has learned. He formally gave notice earlier this week in what an IFC spokesman termed a “retirement,” although word is that he’s headed to Morgan Stanley (MS).
Wilton originally joined IFC more than 14 years ago, and oversaw a portfolio of more than $4 billion invested in around 200 private equity funds focused on emerging markets. He also managed a team of over 30 staffers, although it remains unclear if any of them will be tapped as his successor.
“Emerging markets private equity is a critical part of IFC’s strategy, as it transfers both capital and expertise to fast-growing SMEs that create much needed jobs,” an IFC spokesman told Fortune. “David has helped build our private equity portfolio to more than $4 billion in about 200 funds and we wish him well in his future endeavors.”
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