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From
the Back Cover --
Financial frontiersman? In the early 1950s, many called
financial markets, in particular stock markets, a form of Wild West. And
the farther away from home, the wilder they could be. This book provides
a front row account of the unimaginable makeover of our financial system
since the Second World War. As a young inexperienced investment banker
in Canada, David Gill’s bosses considered his ideas and schemes “wild”
… and the same when he had an opportunity to put the lessons of those
early years into practice in Washington, DC as an international
bureaucrat. It turned out that the conventional ideas missed the point
of the massive changes that were underway in which the “frontier” went
from irrelevant periphery to critical mainstream. In the words of Dean
Acheson, David felt lucky to be “present at the creation” and have the
opportunity to see the experiments and initiatives he undertook at the
International Finance Corporation (IFC) come to fruition. This is about
the re-engineering of the financial world; about the people involved;
about the struggle against the many supporters of the status quo in many
countries and markets; and about David’s perspective and role in all of
this.
About the Author--
A child of two cultures, David Gill was born in Hamilton, Ontario, on 6
July 1926. By age 14, David had logged 14 Atlantic crossings between
Canada and England, either on holiday or related to one of his father’s
many business ventures … if something didn’t work in England, he would
try something new in Canada, and so on, back and forth. Following from
these early adventures, David was able to adapt and thrive in new
circumstances and different cultures. After working as an investment
banker from the early 1950s to 1971, David accepted the challenge put
forth by Robert McNamara, President of both the World Bank and the
Bank’s private sector sister institution, the International Finance
Corporation (IFC). McNamara, the former U.S. Secretary of Defense and
ex-President of Ford Motor Company, wanted David to head a new unit in
IFC that would be responsible for both the Bank’s and IFC’s activities
promoting the establishment of domestic capital markets in developing
countries. That new unit would become the Capital Markets Department (CMD).
And the rest, as they say, is history. David is still a director of a
company concerned with investing in Africa, and he remains active with
consulting, travel, and grandchildren. David and Lena Gill live on the
Eastern Shore of Chesapeake Bay near Easton, Maryland.

David Gill
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