Governance

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Administrator Auditor FundManager InvestmentCommittee Investors Sponsors Board ofDirectors

Investors

Equity Investors

FSD AfricaFSD Africa
FSD Africa is a non-profit company funded by the UK Government which aims to increase prosperity, create jobs and reduce poverty by bringing about a transformation in financial markets in SSA and in the economies they serve. It provides know-how and capital to champions of change whose ideas, influence and actions will make finance more useful to African businesses and households.
https://www.fsdafrica.org/

Debt Investors

Calvert Impact CapitalCalvert Impact Capital
Calvert Foundation harnesses the power of investing to connect, cultivate, and inspire those who want to shape the world for good. Through its flagship product, the Community Investment Note, Calvert Foundation has raised over $1.5 billion from more than 18,000 investors, which has been invested in hundreds of organizations, projects, and funds that are making a positive, measurable impact around the world.
https://www.calvertimpactcapital.org/
Development Finance CorporationDevelopment Finance Corporation
The Development Finance Corporation (DFC) is the United States Government’s development finance institution. It mobilizes private capital to help solve critical development challenges.
https://www.dfc.gov/
FMO Entrepreneurial Development Bank FMO Entrepreneurial Development Bank
FMO is the Dutch development bank. With investments in over 85 countries, the bank supports jobs and income generation in order to improve people’s lives in the parts of the world where it can make the biggest difference.
https://www.fmo.nl/
International Finance CorporationInternational Finance Corporation
IFC is a member of the World Bank Group and is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, IFC leverages capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.
https://www.ifc.org
The African Development Bank GroupThe African Development Bank Group
The African Development Bank Group (AfDB) is a multilateral development finance institution. Founded in 1964, the AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.
https://www.afdb.org/en

Fund Directors

Pinpin Kweton

Pinpin Kweton

Pinpin Kweton is the Operations Director of Estera Management (Mauritius) Limited. She joined Appleby Law firm in November 2007 and subsequently moved to Estera Management (Mauritius) Limited in January 2016, following the management buyout of Appleby’s fiduciary business. She is currently responsible for the Operations and Finance Departments of Estera Mauritius, Seychelles and Hong Kong. Her experience includes assessing and implementing accounting and internal controls and preparing financial reports. Prior to joining Estera, Pinpin was employed with another fiduciary company for over six years and worked three years as an auditor for Deloitte Mauritius.

Karl von Klitzing

Karl von Klitzing

Karl von Klitzing is a Principal Project Manager at KfW Development Bank with more than 15 years of development banking experience gained in Sub-Saharan and North-Africa, Latin America and Eastern Europe. He has substantial experience in capital markets and in structuring debt and equity investments in the financial sector in addition to renewable energy and energy efficiency financing expertise. Before joining KfW he has worked with the European Bank for Reconstruction and Development (EBRD) in London and Belgrade. Karl holds an MA in International Economics from the Johns Hopkins University SAIS, Washington DC, and an MA in Modern History and Political Science from Humboldt University, Berlin.

Vitalis Ritter

Vitalis Ritter

Vitalis is a Principal Project Manager at KfW structuring debt and equity investments in renewable energy-finance, microfinance and SME-finance. He holds several Board and Investment Committee positions in global and regional investment funds and banks. Previously he has worked as Principal Risk Manager in Securitization and Structured Products. He holds a Master’s in Applied Financial Mathematics.

 Evans Makini Osano

Evans Makini Osano

Evans is Director, Capital Markets Development at Financial Sector Deepening (FSD) Africa, where he leads capital markets development initiatives across sub-Saharan Africa. Prior to joining FSD Africa, he worked with the IFC/World Bank as Head, Efficient Securities Markets Institutional Development (ESMID) Africa. Before joining the World Bank Group, he was a Head of Investments at AIG Global Investment Group where his responsibilities included managing a pan-African total return fund that was a pioneer investor in debt and equity markets in Africa. Evans holds a Doctor of Business Administration (DBA) degree from the Maastricht School of Management, Netherlands and is a Certified Public Accountant (CPA).

Mahen Govinda

Mahen Govinda

In his current position, Mahen heads the different services clusters of Ocorian and thus has full responsibility for all Client - Focused activities of the firm. He also serves as director on the board of a number of Global Business companies and funds domiciled in Mauritius. Prior to his current role, Mahen was Partner of Ocorian in charge the Corporate and Business Services Cluster as well as the Financial Advisory and Analysis Cluster. Before joining Ocorian, Mahen was a Director in the International Business Services division of the Mauritius Board of Investment. In the past, he has also held senior positions at the National Computer Board and at the University of Mauritius.

Fund Committee

Karl von Klitzing

Karl von Klitzing

Karl von Klitzing is a Principal Project Manager at KfW Development Bank with more than 15 years of development banking experience gained in Sub-Saharan and North-Africa, Latin America and Eastern Europe. He has substantial experience in capital markets and in structuring debt and equity investments in the financial sector in addition to renewable energy and energy efficiency financing expertise. Before joining KfW he has worked with the European Bank for Reconstruction and Development (EBRD) in London and Belgrade. Karl holds an MA in International Economics from the Johns Hopkins University SAIS, Washington DC, and an MA in Modern History and Political Science from Humboldt University, Berlin.

Vitalis Ritter

Vitalis Ritter

Vitalis is a Principal Project Manager at KfW structuring debt and equity investments in renewable energy-finance, microfinance and SME-finance. He holds several Board and Investment Committee positions in global and regional investment funds and banks. Previously he has worked as Principal Risk Manager in Securitization and Structured Products. He holds a Master’s in Applied Financial Mathematics.

 Evans Makini Osano

Evans Makini Osano

Evans is Director, Capital Markets Development at Financial Sector Deepening (FSD) Africa, where he leads capital markets development initiatives across sub-Saharan Africa. Prior to joining FSD Africa, he worked with the IFC/World Bank as Head, Efficient Securities Markets Institutional Development (ESMID) Africa. Before joining the World Bank Group, he was a Head of Investments at AIG Global Investment Group where his responsibilities included managing a pan-African total return fund that was a pioneer investor in debt and equity markets in Africa. Evans holds a Doctor of Business Administration (DBA) degree from the Maastricht School of Management, Netherlands and is a Certified Public Accountant (CPA).

Jonathan Segal

Jonathan Segal

Jonathan is Chairman of the Investment Committee of the ALCB Fund, in addition to his full-time position as Head of Capital Markets for the Middle East & Africa, at Mitsubishi UFJ Securities International, Dubai. Jonathan has over 20 years of experience in capital markets and investment roles, working for Deutsche Bank, Barclays, Renaissance Capital, Gazprombank and MUSI. He has advised Sovereigns, SOEs, financial institutions and private sector corporates on their debt financing requirements in a range of markets, and on risk management and related products. Jonathan has substantial experience in Africa, having worked in South Africa regularly since 1999 and executed 5 major financings totalling USD7bn; and acted as Financial Adviser to Nigeria’s DMO in respect of Nigeria’s debut $500mn sovereign bond in January 2011. Jonathan has travelled extensively across West Africa, East Africa, and Southern Africa as part of his roles at Barclays, Renaissance, MUSI and the ALCB Fund. Jonathan graduated from Cambridge University with an MA in Modern Languages; speaks fluent French, German and Spanish; and is a CFA Charter holder.

Douglas Philip Buyskes

Douglas Philip Buyskes

Philip is currently the CEO of Frontclear. Prior to establishing Frontclear in 2015, Philip was Vice President at The Currency Exchange Fund which he joined in 2008. From 2004 to 2008 Philip was an Investment Officer at the Development Bank of Southern Africa. Prior to DBSA, Philip worked at the European Institute of Public Administration in Maastricht, The Netherlands. He holds a Master in International Business from Maastricht University and is FRM certified. In 2014 Philip completed Harvard Business School’s comprehensive leadership program, the Program for Leadership Development.

Committee Observer

Martin Kimmig

Martin Kimmig

Dr. Martin Kimmig is the Chief Risk Officer at the Asia Infrastructure Investment Bank (AIIB). His main responsibilities are to ensure the stability and financial continuity of the Bank. He oversees capital allocation and utilization, manages financial and non-financial risks, including reputational consequences, as well as fosters a strong risk culture throughout the Bank. He joined the AIIB from The Rock Creek Group where he held the position of a Managing Director covering emerging market equities. Previously, he spent a 24-year career at the World Bank Group, primarily in the International Finance Corporation (IFC) where he held leadership positions in both investment operations and risk management. Martin Kimmig holds a PhD in economics from the University of Freiburg and a CFA designation. He joined the ALCB Fund’s Investment Committee as an Observer in 2018.

Fund Auditor

Deloitte
Deloitte is a professional service company and one of the Big Four auditors. The company is responsible for the annual audit of the ALCB Fund.
https://www2.deloitte.com/uk/en.html

Fund Manager

LHGP Asset Management
LHGP Asset Management is the appointed Fund Manager to the ALCB Fund. LHGP Asset Management offers unrivaled experience in African debt capital markets with substantive coverage across the continent. LHGP Asset Management is an investment bank, based in London and Nairobi, bringing capital markets expertise to development finance initiatives in Africa and other frontier markets. Authorized and regulated by the Financial Conduct Authority (FCA), LHGP Asset Management’s experience includes fund management, capital markets and financial advisory work across financial inclusion, renewable energy, agriculture and health sectors. LHGP Asset Management is a member of the Global Impact Investing Network (GIIN). The GIIN is the leading nonprofit dedicated to increasing the scale and effectiveness of impact investing. Impact investments are made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return.
http://lhgp.com

Administrator

Ocorian
Ocorian is responsible for Fund administrative services including preparation of financial statements, maintenance of registers and payment processing.
https://www.ocorian.com/