Paul V. Applegarth

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Paul V. Applegarth
Born
Paul Vollmer Applegarth

April 21, 1946
EducationHarvard Business School

Harvard Law School

Yale University
Occupation(s)business executive, financier
Employer(s)Finnacle Financial Advisors

German Marshall Fund
Millennium Challenge Corporation
Value Enhancement International
Emerging Africa Infrastructure Fund
Emerging Markets Partnership
United Way of America
American Express
Bank of America

Baker Scholar
HonoursWhite House Fellows

Paul Vollmer Applegarth (born April 21, 1946) is an American business executive, financial consultant, banker, and lawyer.[1][2] He was the first chief executive officer of the Millennium Challenge Corporation, President George W. Bush's flagship project to provide development aid to poor countries.[3][4]

Early life

Applegarth was born in Wilkinsburg, Pennsylvania. He is the son of Alice (née Vollmer) and William "Bill" Francis Applegarth, an engineer, college professor, and manufacturer of air conditioners.[5][6] The family moved to Atlanta, Georgia in 1947 where Applegarth was raised.[7][8][9]

He attended the

cum laude in economics, with a minor in corporate finance and development, in 1968.[2][5][7] While there, he was a member of the fraternity of St. Anthony Hall
.

From 1968 to 1970, he served as a lieutenant, then captain, in the United States Army during the Vietnam War.[3] He describes his role in Vietnam as "part Peace Corps and part Special Forces."[3] In addition to combat, he built schools and trained village chiefs.[3]

Applegarth received an M.B.A. from

Baker Scholar from Harvard Business School.[2][7]

Career

Applegarth began his career with World Bank in 1974, remaining there until 1983.[3] From 1981 through 1982, he was a White House Fellow.[2] He worked for Secretary of Defense Robert McNamara at the International Finance Corporation (IFC).[2] He was also a senior advisor to Secretary of State Colin Powell at the United States Department of State.[5]

He worked at

United Way of America and helping the nonprofit recover from a financial scandal.[3][4][5] In 1994, He became managing director of the Emerging Markets Partnership, working in England, Hong Kong, and Washington D.C. until 2003.[2][5]

Applegarth was managing director and chief operating officer of the Emerging Africa Infrastructure Fund from 2001 to 2002.[2] Sponsored by European governments, this fund combined private sector money with public funding to build power plants, roads, and other infrastructure in Sub-Saharan Africa.[3] Applegarth then became chief executive officer of the consulting firm, Value Enhancement International.[4]

In 2004,

CEO position after just eleven months.[10]

He was a Senior Transatlantic Fellow at the German Marshall Fund from 2005 to 2006.[2] In 2009, Applegarth joined Finnacle Financial Advisors, an international investment bank group.[2]

Awards and honors

Personal life

His family lived in Greenwich, Connecticut.[5] However, they moved to Naples, Florida sometime before 2015.[6][9] He is president of The Applegarth Tubman Medicine Hill Preservation and Educational Foundation in Maryland.[11] He speaks Chinese, French, Spanish, Tagalog, and Vietnamese.[5]

References

  1. ^ "Katharine Applegarth and Matthew Simons". The New York Times. January 27, 2008. Retrieved May 26, 2022.
  2. ^ a b c d e f g h i j k l m n "Honourable Paul V Applegarth". Finnacle Capital Advisors. Retrieved 2022-05-26.
  3. ^ a b c d e f g h i j k l m Stern, Seth (April 1, 2005). "Government Startup: Paul V. Applegarth J.D./M.B.A. '74 runs a government corporation with a new approach to foreign aid". Harvard Law Today. Retrieved 2022-05-26.
  4. ^ a b c Kessler, Glenn (August 10, 2004). "Reinventing US Foreign Aid at Millenium Challange Corp". archive.globalpolicy.org. Retrieved 2022-05-26.
  5. ^ a b c d e f g h i "Marist Alumnus To Help U.S. Government Tackle World's Poverty, Assist Developing Nations". Georgia Bulletin. Retrieved 2022-05-26.
  6. ^
    Newspapers.com
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  7. ^
    Newspapers.com
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  8. Newspapers.com
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  9. ^
    Newspapers.com
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  10. ^ a b "Millennium Challenge Corporation CEO Paul Applegarth Announces He Plans To Step Down in Future". Millennium Challenge Corporation. Retrieved 2022-05-26.
  11. Newspapers.com
    .

External sources

Paul Applegate C–SPAN interview