Governments and Global Investors Launch SCALED Development

HAMBURG, HSC: Governments and several of the world’s leading institutional investors today launched SCALED Development, a new investment service firm designed to mobilize billions in private capital for sustainable development in emerging markets and developing economies. The new company builds on the SCALED initiative, which brings together Germany, Canada, Denmark, France, the United Kingdom, South Africa, AXA SA, Allianz, Zurich Insurance Group and La Caisse.