Global Financial Scholars Programs
Overview
Robust financial markets play a crucial role in supporting private-sector-led growth, job creation, financial security, and the sustainable funding of national development priorities. Through two flagship training programs, we work with governments and the World Bank Group to train, inform, and empower the next generation of financial policymakers and public-sector fund managers who can effectively drive financial market reforms and foster shared prosperity for all.
Meet Our Alumni
Since 2016, scholars from 60 countries and 90+ government institutions have taken part, often returning to accelerated career paths after completing our programs in Washington, DC and London.
Our Global Financial Scholars Programs are made possible with the kind engagement of our corporate partners who help fund tuition, share market insights, and host our scholars as interns. Special thanks goes to our program underwriters, The Motsepe Foundation, Input Output Global and Circle; and to members of our Africa Leaders Business Council for their support of the Milken Institute’s broader work in Africa.
| Albourne Partners Ltd | Duff & Phelps | Liquidity & Sustainability Facility | Standard Chartered |
| Algorand | EBRD | MarketAxess | Structured Finance Association |
| ARGA Investment Management, LP | EJF Capital, LLC | Mercer | Tikehau Capital |
| Banca d’Italia | Finastra | Millennium Management | Total Impact Capital |
| Barings Asset Management | FINRA | Motsepe Foundation | UBS Wealth Management |
| Bloomberg | Fitch Ratings | National Futures Association | United Nations Development Program |
| CAIS | Future Perfect Ventures | Nationbuilders Capital | US SEC |
| Calvert Impact Capital | Gattaca Horizons | New America | Värde Partners |
| Calvion Capital | Global Blockchain Business Council | Norbury Partners | Vista Equity Partners |
| Cambridge Associates | Global Impact Investing Network | Palladium Capital | Wave Digital Assets |
| Circle | GoldenTree Asset Management | Pan-African Capital Group | Weiss Multi-Asset Management |
| Clayton Dubilier & Rice | Gramercy Emergency Markets | Prosper Africa | Wells Fargo |
| CME Group | Harbor Bank | RockCreek | World Bank Group |
| Coinbase | Input Output Global | Satter Foundation | WorldQuant, LLC |
| Coller Capital | Inter-American Development Bank | Schroders | YAATRA Ventures, LLC |
| CrossBoundary | International Finance Corporation | Sigma Ratings | |
| CrowdStrike | Investcorp | Solidus Labs | |
| Davidson Kempner Capital Partners | Lane Clark & Peacock LLP | Sustainable Fitch | |
| Delphos International | Lions Head Global Partners | Stable Asset Management |
Featured Alumni Milestones and Thought Leadership
Bolokwe succeeds Tsheole as BSE Interim CEO
IFC-Milken Institute Alumnus Kopano Bolokwe was named Interim CEO of the Botswana Stock Exchange, April 2024
Tinubu appoints new board for Nigeria’s Securities and Exchange Commission
Nigeria’s president appointed new leadership at the Securities and Exchange Commission, including two IFC-Milken Institute Alumni: Emomotimi Agama as Director General and Frana Chukwuogor as Executive Commissioner for Legal & Enforcement
After a decade of false starts, Angola finally gets its stock market
IFC-Milken Institute Alumnus Walter Pacheco, CEO of the Angola Stock Exchange, spearheaded the country’s first IPOs in 2022
Financial Inclusion at the Frontier: Exploring the Landscape of Digital Asset Regulation in Africa
How can African nations tap into the tremendous potential presented by digital assets, while striking the right regulatory balance and protecting investors and consumers?
The Pandemic and an African Reset
This report was produced by IFC-MI Scholars Hauwa Danmadami (Nigeria SEC) and Esi Monney (Ghana SEC) during their Fall 2021 internship with WorldQuant, LLC.
Issuance of Mortgage-Backed Securities in Kenya
This report was produced by IFC-MI Scholar Anne Kariuki (Central Bank of Kenya) during her Fall 2021 internship with the Structured Finance Association.
Alumni perspectives on the COVID-19 pandemic
View high-profile interviews conducted by our alumni over 2020-2021, showcasing the voices of African change agents, policymakers, and entrepreneurs, to assess the effects of the pandemic on African countries and the priorities for the post-pandemic recovery.
IFC–Milken Institute Capital Markets Program
Since 2016, in partnership with the International Finance Corporation and with the kind support of the Motsepe Foundation, we have trained over 220 Capital Market Scholars from finance ministries, central banks, stock exchanges, and financial regulatory bodies across more than 50 developing and emerging economies. The training program includes four months of accredited business school coursework in Washington, DC followed by four months of hands-on work placements in the US financial industry. Once they return home, our alumni lay the groundwork for economic development, job creation, and business opportunity around the world.
World Bank–Milken Institute Public Financial Asset Management Program
To further strengthen the ecosystem of financial leaders, in 2022 we launched a training program for sovereign wealth funds, public pension funds, pension fund regulators, and central banks. Developed in partnership with World Bank Treasury and Bayes Business School, City University of London, this initiative aims to build excellence in public financial asset management, strategy, and governance across developing and emerging markets—helping ensure that the dividends of economic growth and natural resources fully benefit future generations.
