The Delgatto Diamond Finance Fund (DDFF) has appointed veteran industry financier Rajiv Jain (pictured) its regional director for the United Arab Emirates and India.
Jain was formerly the regional director of ABN Amro’s diamond and jewelry division in the Middle East.
Delgatto’s fund had previously recruited Pierre De Bosscher, the former CEO of Antwerp Diamond Bank, who now heads the company’s Belgium operations.
“As alternative financing becomes the standard for much of our industry, we see key people like Rajiv leaving the traditional structures,” R. Andres Lucas, the fund’s cofounder and managing director, said in a statement.
Founded in 2018, DDFF calls itself the “largest non-bank lender to the diamond and jewelry industry,” financing more than 230 companies.
(Photo courtesy of Delgatto Diamond Finance Fund)
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