Principal Investment Officer

Overview

Join to apply for the Principal Investment Officer role at Asian Development Bank (ADB) .

This appointment is open to internal and external applicants. This opening is a local staff position and is open only to nationals and permanent residents of Singapore. This is a fixed term appointment with option to renew, initially for up to 3 years, or up to the Normal Retirement Date (NRD), whichever comes earlier, per Administrative Order No. 2.01. The decision to renew will depend on staffing needs, funding, and performance. ADB is committed to equal opportunity in an inclusive environment.

• As a Principal Investment Officer, help strengthen ADB\'s visibility and relevance in Singapore by promoting relationships, facilitating cross-border investments, and supporting the growth of Singapore as a center for strategic collaboration and capital mobilization.
• Project Processing and Management
• Provide strategic leadership in fund-of-funds investments across Asia, ensuring alignment with ADB\'s private equity strategy, sectoral priorities, and development impact objectives.
• Design and manage portfolio construction and diversification strategies, balancing geography, sector, stage, and manager concentration to improve both financial returns and development impact.
• Lead sourcing and selection of fund managers, including market scanning, manager evaluation, track record assessment and organizational review.
• Develop senior-level relationships with leading private equity and venture capital managers, institutional investors, and co-investors to enhance ADB\'s visibility and deal pipeline.
• Oversee underwriting and investment due diligence, including analysis of fund strategy, performance benchmarking, governance structures, ESG integration, and risk-return assessment.
• Present investment recommendations to ADB\'s Investment Committee and Board with clear articulation of strategic fit, financial rationale, risks, and safeguards.
• Negotiate fund terms and documentation, ensuring alignment with ADB\'s standards on governance, transparency, environmental and social safeguards, and integrity.
• Identify and execute co-investments alongside fund managers to enhance value creation, development impact, and portfolio returns.
• Shape and oversee technical assistance (TA) initiatives to strengthen fund manager capacity, ESG practices, gender equity, and market development.
• Represent ADB on Advisory Boards of funds, exercising oversight on governance, strategic direction, and conflict resolution.
• Contribute to portfolio monitoring, tracking fund performance, compliance with covenants, ESG and safeguard requirements, and recommending corrective actions.
• Contribute expertise on private equity trends, fundraising dynamics, ESG/impact measurement, and frontier market investing, representing ADB in regional and global forums.
• Develop junior staff, promoting a mission-driven investment team.
• Lead, draft, review project and policy papers related to private sector development and operations issues in multiple themes and sectors.
• Lead and contribute to internal and external sessions, training and conferences for advocacy, dissemination and knowledge building.
• Maintain and share knowledge of best international market practices and trends in targeted sectors.
• Support Director PSIS to achieve ADB\'s PE fund business goals and objectives; participate in country teams and missions for planning and programming purposes focusing on private sector development and investment opportunities in assigned Developing Members.
• Take the role of team leader and oversee the work of team members in executing deals; supervise staff and ensure ongoing learning and development.

• Master\'s degree or equivalent; or bachelor\'s degree with at least five years of relevant experience.
• At least 10 years of work experience; with at least 6 years of supervisory experience.
• Preferably experience with private sector arms of multilateral development banks on bilateral blended finance facilities, climate funds, carbon funds, or other publicly funded climate finance initiatives.
• Working knowledge of international climate finance architecture and concessional climate change funds.
• Experience in emerging market financing.
• Proficiency in English.
• Ability to work with large, culturally diverse teams at all levels.
• Refer to the ADB Competency Framework for Technical Local Staff grade TL7.

• Retirement plan
• Medical and health benefits
• Paid leave (including parental)
• Life and other insurance plans
• Staff development

This appointment is open to internal and external applicants. This is a local staff position open only to nationals and permanent residents of Singapore. This is a fixed term appointment with option to renew, initially for up to 3 years, or up to NRD, whichever comes earlier, per Administrative Order No. 2.01. After the initial term, renewal may be up to an additional 3 years or not renewed, depending on staffing needs and performance. There is no limit to renewals up to NRD, but this appointment is not convertible to a regular appointment.

About Us: Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines with 69 members. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while supporting poverty eradication. ADB\'s Strategy 2030 guides its work. ADB hires nationals of its 69 members, and encourages all qualified candidates to apply regardless of background. Visit the ADB Careers FAQ for more information.

Primary Location: ADB Singapore Office
Department: Private Sector Operations Department
Division: Private Sector Investment Funds & Special Initiatives Div
Staff Category: Technical Local - Field Office
Position Level: TL7