Development Finance & Investment Management

  • Launched and led the Small Business Lending Corporation, which collaborated with Russian banks to introduce SME lending to Russia. (1993-1995)
  • Developed investment strategy for the Gray Ghost Microfinance Fund and served as CEO and CIO. (2003-2009)
  • Launched and built the team for the Russian American Enterprise Fund, a $360mm U.S. government sponsored investment fund targeting Russian companies. (1992-1995)
  • Conducted workshops in product costing for microcredit institutions in Bosnia and Herzegovina. (2002)
  • Conducted a feasibility study of linking workers’ remittances to housing finance through microfinance intermediaries in El Salvador. (2002)
  • Mid Term Review for the Local Initiatives Microfinance Project (LIPII) in Bosnia and Herzegovina, with an emphasis on facilitating access by local microfinance institutions to financing from commercial sources. (2001)
  • Completed an investment on behalf of Shorebank in BRAC Bank. (2001)
  • Conducted an assessment of ProFund, an investment fund for Latin American microfinance institutions, published by the Inter American Development Bank. (2002)
  • Conducted a product costing analysis of a leading Salvadorian MFI. (2002)
  • Advised the Ford Foundation on its international development finance strategy. (2001)
  • Assessed seven microcredit institutions operating in two departments of Nicaragua for possible participation in FondeAgro, a rural development initiative funded by the Swedish International Development Agency. (2002)
  • Assessed a proposed technical assistance facility designed to increase the flow of risk capital to Latin American SMEs. (2002)
  • Assessed nine micro credit organizations in Bosnia Herzegovina for World Bank investments. (2002)
  • Negotiated a $1 million investment by Shorebank and the Ford Foundation in the BASICS group, a microfinance institution in India. (1999-2001)
  • Arranged financing for creation and start-up of a non bank mortgage and small business finance company in Romania funded by USAID. (1999)
  • Assessed rural development finance strategy options in two departments of Nicaragua for the Swedish International Development Agency. (1999)
  • Led a joint IFC/Shorebank team identifying possible microfinance/small business finance partner institutions in East Africa. (1999)
  • Designed and supervised the creation of ASOMIF, a microfinance industry association in Nicaragua. (1998)
  • Designed and secured IDB funding for a small business non-bank investment fund in Mexico. (1999-2000)
  • Designed and secured EBRD contract for management of three small business lending programs in Central and Eastern Europe. (1998)
  • Designed an institutional development strategy for a multiproduct NGO in Nicaragua leading to the creation of a dedicated microcredit entity. (1997)
  • Led planning effort for launch of ShoreCap International, a Shorebank-managed fund to invest in microfinance institutions internationally. (1999-2001)
  • Designed, negotiated and supervised a $7 million subcontract with FINCA for a regional microfinance initiative in three countries in the Caucasus. (1997-2001)
  • Designed, negotiated and provided senior management for a five year, $20 million financial sector development project in the Caucasus region. (1997-2001)
  • Designed, negotiated and supervised a three year, $15 million small business lending program in Romania. (1996-2000)