User:FutureBlock/FutureBlock/Enio Jaco

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Enio Jaco is an Albanian-American entrepreneur, business consultant in Albania. He is the the founder and CEO of Creative Business Solutions (CBS) and the President of the American Chamber of Commerce in Albania.

Jaco graduated with Bachelors in Engineering from University of Tirana. In 1994 he moved to United States for advanced studies, where he graduated from Cornell University with a Master degree in Engineering management. In 1999, Jaco started his career in in US, first in Management Consulting and later in Wall Street.

In 2012 Jaco returned to Albania and founded Creative Business Solutions (CBS), a business consulting and project development firm. The firm operates in Albania with projects in Western Balkans such as North Macedonia and Kosovo. By 2020, CBS had mobilized a combined $88 Million in capital investments for its SME clients.

In 2019, Jaco was elected President of American Chamber of Commerce (AmCham) in Albania.

Early Life and Education
Enio Jaco was born in May 30, 1967 in Durres, Albania. His mother was Nimfa Jaco, an artist, teacher, writer and women rights activist. His father was Nesip Jaco, a Professor of epidemiology at the Agriculture University of Tirana. His grandfather, Fetih Selenica a judge who graduated with honors from Toulouse University and became a critic of the communist regime in Albania was later sentenced with 15 years as a political prisoner.

Jaco graduated with Bachelors in Engineering from University of Tirana. In 1994 he moved to United States for advanced studies, where he graduated from Cornell University with a Master degree in Engineering management, specializing in advanced engineering and mathematical solutions to solving business problems.

In 2012 Jaco returned to Albania and founded Creative Business Solutions (CBS), a business consulting and project development firm. The firm operates in Albania with projects in Western Balkans such as North Macedonia and Kosovo. By 2020, CBS had mobilized a combined $88 Million in capital investments for its SME clients.

In 2019, Jaco was elected President of American Chamber of Commerce (AmCham) in Albania.

Early Career
Jaco started his career in Management Consulting. He joined American Management System and worked in Lansing, Michigan, representing his firm to Michigan Department of Treasury, where he supervised the implementation of a Risk Management Information System to improve decision-making. In 1999, Jaco started his career in New York, in Wall Street, as a manager with American Express. In early 2001, he became Vice President of JPMorgan Chase managing risk policies for acquisition card portfolios. Leading an analytical group, he designed credit policies using econometrics and probabilistic models to predict consumer behavior. He remained with JPMorgan for five years. During his career in Wall Street, he became an Adjunct Professor at New York University, School of Professional Studies, where he started the Fundamentals of Financial Risk Management. This course centralized in financial service practitioners for application of modern risk management techniques on finance.

In 2006 Jaco worked for a few years for Raiffeisen Bank. He led Raiffeisen’s SME banking operations and later led the Premium and Micro segments of the banking services. In 2010 Jaco worked as an International Advisor with DAI on a USAID development project in Afghanistan.

Business Career
CBS Creative Business Solutions  

In 2012 Jaco returned to Albania. He created Creative Business Solutions (CBS), a business consulting firm. CBS, which is based in Albania with some activities in North Macedonia and Kosovo, helps SMEs grow through investments and financing. By 2020, CBS had mobilized a combined $88 Million in capital investments on behalf of SMEs and created 2,500 new jobs in the local markets. The firm advises with technical assistance and consultancy services in agriculture, environment, tourism and private sector.

DAmerican Chamber of Commerce

In 2019, Jaco was elected President of the American Chamber of Commerce (AmCham) in Albania, a business network association of multinational and local companies, representing more than 220 companies and a combined $3.1 Billion annual turnover. Jaco represents the AmCham conference, Business Index and lobbies for policy proposals to improve the business environment.

His statements arguing for transparency instead of corruption, a stable tax system, further liberalization of market conditions and transparent government policies has become a public discussion topic about the business and investment climate in Albania.