Q&A: Transitioning to nonprofit, lessons from former investment banker running $160M org

David Offensend, president and chief executive officer of the global nonprofit Education Development Center. Photo by: EDC

BANGKOK — Three years into his tenure at nonprofit Education Development Center, Dave Offensend has had plenty of time to reflect on how his first career shaped his second.

The former president and chief executive officer of Lehman Brothers Merchant Banking Partnership, Offensend always saw himself eventually pursuing work in the nonprofit sector; he studied public and international affairs before pursuing a master’s in business. At 50, after founding an independent investment banking advisory firm, and in the wake of a long and successful career on Wall Street, he made the leap.

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About the author

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    Kelli Rogers

    Kelli Rogers is a global development reporter for Devex. Based in Bangkok, she covers disaster and crisis response, innovation, women’s rights, and development trends throughout Asia. Prior to her current post, she covered leadership, careers, and the USAID implementer community from Washington, D.C. Previously, she reported on social and environmental issues from Nairobi, Kenya. Kelli holds a bachelor’s degree in journalism from the University of Missouri, and has since reported from more than 20 countries.