Capital markets and public financial asset management are a long-standing area of focus for the Milken Institute, the World Bank Treasury and Bayes Business School (formerly Cass). Each institution enriches the program with its decades of experience, as well as its unique global network.
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The Milken Institute is a nonprofit, nonpartisan think tank that helps people build meaningful lives, in which they can experience health and well-being, pursue effective education and gainful employment, and access the resources required to create ever-expanding opportunities for themselves and their broader communities.
We work with government partners in developing and emerging markets to strengthen the enabling financial environment to promote private-sector-led growth; to develop innovative financing to achieve the Sustainable Development Goals; and to train policy makers in finance policy, strategic asset investment, and capital market development.
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The World Bank is the largest global development institution working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The Reserve Advisory and Management Partnership (RAMP) is a program developed within the World Bank Treasury in early 2000s, that builds human capital, delivers asset management services, technical advisory, and convenes a network of practitioners. The partnership serves over 70 members, including central banks, public pension funds, sovereign wealth funds, and international financial institutions. Collectively, RAMP members manage nearly $2 trillion of sovereign assets globally.
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Bayes Business School is a leading global business school driven by world-class knowledge, innovative education and a vibrant community. The School has been at the forefront of business education for more than 50 years, developing leaders who help businesses thrive through change and uncertainty.
Located in the heart of one of the world’s top financial centres, the School has strong links to both the City of London and the thriving entrepreneurial hub of Tech City.
The faculty members are experts in their fields, producing cutting-edge research with real-world impact. The last Research Excellence Framework results assessed 84 per cent of its research to be world-leading or internationally excellent.
On graduating, students join a strong alumni community of 50,000 from 160 countries.
PFAM Supporters & Internship Providers
We thank the following institutions for supporting our current class and for hosting our scholars as interns:
Allianz Global Investors
Albourne
Banca d’Italia
Bloomberg
BNP Paribas
Calvion Capital Management, LP
Coller Capital
Coller Pensions Institute
Crossboundary
Davidson Kempner Capital Management
Delphos International
Development Guarantee Group
EJF Capital, LLC
European Bank for Reconstruction and Development
Fitch Ratings
GoldenTree Asset Management LP
ImpactA Global
Investcorp
Lane Clark & Peacock LLP
Lions Head Global Partners
Liontrust
Liquidity & Sustainability Facility
Mercer Limited
RisCura
Schroders
Stable Asset Management
Standards Board for Alternative Investments
Sustainable Fitch
Tikehau Capital
Total Impact Capital
World Bank Treasury
World Gold Council
WorldQuant, LLC
Yaatra Ventures, LLC
Internship Providers
We would also like to thank the following institutions for hosting internships in past and current years:
Barings
Bloomberg
Clayton Dubilier & Rice
CME Group
CrowdStrike
Finastra
Gramercy Emerging Markets
Harbor Bank of Maryland
Millennium Management
Pan African Capital Group
Prospect Capital
Rock Creek Group
Standard Chartered Bank
UBS Financial Services
US Securities & Exchange Commission
Vista Equity Partners
Weiss Multi-Asset Management
World Bank Group
WorldQuant LLC
YAATRA Ventures
Our Alumni
“For my internship, I was placed with an investment manager that invests based on regulatory-driven events. This was an opportunity to understand market movement from an investor’s perspective, and was highly relevant as my role in Ghana includes making critical regulatory decisions that shape and impact the market greatly. It was important to understand the potential reactions from market participants once regulatory changes are announced. I had a remarkable experience, the internship and the overall program were truly beneficial for me and for my country.”
“My main takeaway from being in the World Bank – Milken Institute Public Financial Asset Management Program is that there is always a better way of doing things. Whether it’s risk management, or portfolio management, or doing research, there’s always a better way to do things. Finance is an ever-evolving field, and we need to always be open to learning, and we need to constantly evolve with the times.”
“The PFAM Program has taught me important lessons, shaping both my interests and ideals for what I would like my future profession to be. There was abundant work coming at me, and I was staffed on big projects during my internship. I learned how to use specific software programs, structure reports and presentations to fit a specific audience, effectively communicate with clients, and manage projects from start to finish. I improved my hard and soft skills and got a good sense of the aspects of alternative investment space, all of which will be helpful for my country and in my future career.”
