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Trump to nominate Indian-American Deven Parekh to IDFC board

Washington, DC: President Donald Trump on Friday announced his intention to nominate Indian-American Deven Parekh as a member of the Board of Directors of the International Development Finance Corporation.

Parekh’s nomination – who is the managing director at software investment firm Insight Partners – will be for a period 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.

A leading Indian-American global venture capitalist, Deven Parekh received his BS in Economics from the Wharton School at the University of Pennsylvania.

Last month, he co-hosted a virtual fund raiser for former vice president Joe Biden, who is the Democratic presidential nominee against Donald Trump.

Parekh was a major fund raiser also for former President Barack Obama.

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