Richard Frank Discusses Developing Markets in Leadership Breakfast Finale
Darby Overseas Investments CEO Richard Frank discussed his work in emerging markets with Georgetown University McDonough School of Business MBA students in the semester's final Leadership Breakfast April 22. Frank, who previously chaired the Private Sector Group at the World Bank and served as the chief finance officer of the International Finance Corporation, started his career as an investment advisor on a two-year assignment in Colombia. "During that period, I gained valuable insights into the challenges of working in developing economies," he said.
As head of an investment firm with 13 offices around the world, Frank has honed a leadership style that is both globally oriented and collaborative. "Considering the nature of the networked economy, an international outlook has become necessary," he explained. "The capacity to work in a team and facilitate work within a group is also essential." Frank stressed the importance of setting a strategic vision and getting employees behind it. "As a leader, you have to be able to communicate your vision to your people," he said.
Frank also answered questions about managing risks in emerging markets, globalization, and the differences between international and domestic banks. The highly successful Leadership Breakfast Series, which gave MBA students the opportunity to interact with business leaders from a variety of fields, is scheduled to continue in the fall semester.