All articles tagged with #general atlantic
General Atlantic has joined Apollo in pausing early recruitment for junior roles, delaying interviews until next year to promote more thoughtful hiring practices and avoid conflicts of interest, following criticism from JPMorgan's CEO about the ethics of early career decisions.
General Atlantic has paused its 2027 associate recruiting, following Apollo's lead, amid criticism of the industry practice of recruiting junior talent years in advance, which has been criticized by industry leaders like Jamie Dimon for being unethical.
General Atlantic has entered into a definitive agreement to acquire Actis, creating a diversified global investment platform with approximately $96 billion in combined assets under management. Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform, retaining independence over its investment decisions and processes. The acquisition aims to advance General Atlantic’s strategic diversification by adding sustainable infrastructure as a distinct, complementary offering alongside its existing capabilities in Growth, Credit, and Climate. The transaction is expected to close in Q2 2024, subject to customary closing conditions and approvals.
Ajay Banga has been selected as the 14th President of the World Bank for a five-year term beginning June 2, 2023. He most recently served as Vice Chairman at General Atlantic and was previously President and CEO of Mastercard. The selection process was open, merit-based, and transparent, and included thorough due diligence and a comprehensive interview of Mr. Banga by the Executive Directors. The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process and on all the World Bank Group’s ambitions and efforts aimed at tackling the toughest development challenges facing developing countries.