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Private Sector Operations Department

Who we are

ADB's Private Sector Operations Department (PSOD) catalyzes, structures, and funds investments in privately held and state-sponsored companies across a wide range of industry sectors throughout developing Asia. The emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-wide mission to promote environmentally sustainable and inclusive economic growth.

What we do

  • Finance private sector transactions in infrastructure, financial services, clean energy, agribusiness, and other core sectors via debt and equity investments
  • Mobilize third-party capital credit via credit enhancement products and risk transfer agreements
  • Invest in private equity and other structured funds and manage institutional capital in such funds on behalf of clients
  • Actively manage our portfolio to ensure strong financial performance, high development impact, and strong compliance with environmental, social, and governance safeguards


Michael BARROW
Michael BARROW (Mr)Director General   E-mail
Christopher THIEME
Christopher THIEME (Mr)Deputy Director General   E-mail
Kenji YUHAKU (Mr)Senior Advisor   E-mail

Transaction Teams

Shantanu CHAKRABORTY (Mr)Director, Infrastructure Finance Division 1   E-mail

Countries and regions covered: Central and West Asia: Afghanistan, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan South Asia: Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka

Jackie Surtani
Jackie SURTANI (Mr)Director, Infrastructure Finance Division 2   E-mail

Countries and regions covered: East Asia: People’s Republic of China and Mongolia Southeast Asia: Cambodia, Indonesia, Lao People's Democratic Republic, Malaysia, Myanmar, Philippines, Thailand, and Viet Nam The Pacific: Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, and Vanuatu

Christine ENGSTROM
Christine ENGSTROM (Ms)Director, Financial Institution Division   E-mail
Janette HALL
Janette HALL (Ms) Director, Investment Funds and Special Initiatives Division   E-mail
Martin LEMOINE (Mr) Unit Head, Food and Agribusiness Investment Team   E-mail
Sherwin PU
Sherwin PU (Mr) Unit Head, Business Development Team   E-mail
Aniruddha PATIL
Aniruddha PATIL (Mr) Unit Head, Health and Education Investments   E-mail

Portfolio Management

Craig ROBERTS (Mr) Director, Portfolio Management Division   E-mail

Transaction Support

Mark KUNZER (Mr)Director, Transaction Support Division   E-mail

Guarantees and Syndications

Bart RAEMAEKERS (Mr)Advisor, Private Sector Operation Department and Head, Guarantees and Syndications Unit   E-mail

Trade and Supply Chain Finance Program

Steven BECK
Steven BECK (Mr)Advisor and Head of Trade and Supply Chain Finance   E-mail