Adjunct Professor David Marchick will leave the Tuck School to serve the Biden-Harris Administration as chief operating officer of the U.S. International Development Finance Corporation (DFC). With a global portfolio of $33 billion, DFC is the development finance institution of the United States federal government and is mandated to partner with the private sector to finance solutions to the most critical challenges facing the developing world.
In his role as COO, Marchick will manage agency policies and overseas business operations, as well as coordinate strategy and priorities. Under the Biden-Harris administration, DFC’s priorities will include financing projects that help address climate change and sustainable development as well as supporting the global response to the COVID-19 pandemic.
“We are excited to welcome Mr. Marchick and members of our new leadership team,” acting DFC chief executive officer Dev Jagadesan said in a statement. “The new staff members, who bring extensive knowledge and expertise to their positions, will help advance DFC’s important development mission and guide the agency. I know that they will work seamlessly with our talented and professional career staff as DFC moves forward its development mandate.”
At Tuck, Marchick taught the mini course “Managing Stakeholder Issues in Private Equity” which explores how private equity firms engage with investors, governments, employees, and communities to improve returns and protect a firm’s reputation. When the COVID-19 pandemic hit, and private equity firms around the world shifted to crisis management, Marchick redesigned it to intensely examine the most important priorities of the moment. Marchick drew on his years of experience in private equity for the course, and brought in notable experts in the field—including David Rubinstein, founder of the Carlyle Group, and Stephen Schwarzman, the chairman and CEO of The Blackstone Group.
Prior to joining DFC, Marchick served as director of the nonprofit, nonpartisan Center for Presidential Transition where, most recently, he worked with the Biden Transition Team on transition planning efforts. He also spent 12 years as managing director at The Carlyle Group, and held several positions in the Clinton Administration.