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26 Nov 2012

ASIA INCLUSIVE BUSINESS FORUM 28-29 November 2012, Manila, ADB Office

Resource Speakers

James ADDO is the Senior Manager of SNV‟s Impact Investment Advisory Services practice. He manages the development and execution of global impact investment strategy across SNV‟s 36 countries and 4 continents. James is an experienced investment banker with a specialty in private equity and venture capital opportunities. He is a well-rounded Investment Banking Professional with broad experience in conventional and impact investments. James has multi-year experience in establishing and managing development finance programs in 6 sub Saharan African countries. He brings to SNV‟s impact investment advisory practice, the rigor of the private equity and venture capital investment process to together with an understanding of multi-sector development venture finance. He served until April 30 2010 as Group Chief Executive Officer of Securities Africa Limited, a full service Pan-African investment bank with offices in UK, US, Malta, Bermuda and 7 countries in Africa‟s main markets. He covered all 53 countries and 25 capital markets. Prior to that he was a Portfolio Manager of Finch Africa Fund, a $50MM Africa focused equity fund. James, in the previous 8 years, worked in development venture investments with the US Government. He was a Senior Investment Banker from 1992 through 2001 with major firms, including Merrill Lynch. James received his BA from Dartmouth College and completed his MBA from Frank Zarb School of Business (Hofstra University) and Stern University both in New York in 1992. Anurag AGRAWAL is a Co-Founder, Board member and Chief Operating Officer at Intellecap, a firm founded in 2002 which provides innovative business solutions that help build and scale profitable and sustainable enterprises dedicated to social and environmental change. The company focuses on market oriented approaches that improve the quality of life of people at the Base of the Economic Pyramid (BOP) through their various Practice Areas - investment banking services, consulting services and knowledge services; Initiatives – the Sankalp Forum which is Asia‟s largest social enterprise forum that recognizes the most innovative, sustainable and high impact social enterprises, and the Intellecap Impact Investor Network (13N) which is India‟s first „angel‟ network for high net worth individuals and institutional investors seeking investments in early stage social enterprises; Incubations – Intellecash, Intellegrow and Intellecap Software Technologies Limited; and Strategic Relationships – Legatum as their strategic investor, and with Aavishkaar for a strategic collaboration. In a career spanning more than a decade, Anurag set up and built the Company's Investment Banking Practice Area with a specific focus on assisting early and growth-stage multiple bottom-line enterprises to raise capital. He has worked with several socially oriented investors assisting them in identifying suitable impact investment opportunities and facilitating investment transactions. Before joining Intellecap, Anurag worked at ICICI Bank in the Cash Management and Operations Department. He has a Bachelor of Business Administration and a Master of Commerce Degree from Madras University, Chennai (India), and a Master of Business Administration in Finance from TA Pai Management Institute, Manipal (India). Fahim AHMED is a Managing Director at Small Enterprise Assistance Funds (SEAF), an investment firm that provides growth capital to small and medium enterprises (SME) in emerging markets. Headquartered in Washington D.C., SEAF operates across 21 global offices and has invested in over 340 SMEs, generating both strong financial returns and development impact. Since joining 2

SEAF in late 2009, Mr. Ahmed has led the establishment of SEAF Bangladesh Ventures, an investment fund that provides long-term growth capital to mid-sized businesses in Bangladesh. At SEAF, he is responsible for sourcing, appraising, structuring and monitoring investments in Bangladesh. Mr. Ahmed brings with him extensive investment expertise through his professional experience in the United States, coupled with his advisory experience working with various investor groups in the assessment of opportunities in Bangladesh. Prior to joining SEAF, Mr. Ahmed was a Vice President in the New York office of Royal Bank Equity Finance (RBEF), the private equity investment affiliate of Royal Bank of Scotland (RBS) with over USD 2 billion in committed capital. At RBEF, he led the evaluation of credit and equity investment opportunities in North America. Mr. Ahmed also served as an investment professional at American Securities, a leading middle-market private equity firm based in New York with USD 3 billion in committed capital. At American Securities, he evaluated and executed several investments in power and energy, business services and healthcare sectors. He began his career in finance as an investment banker at Goldman, Sachs & Co. Mr. Ahmed graduated summa cum laude from Middlebury College with a B.A. in economics, and is a member of the Phi Beta Kappa Honor Society. He was born in Dhaka, Bangladesh, and is fluent in Bangla and English. Mary Anne AMORIM is the founder/shareholder and President of Pupa, a company in Brazil working with the Danish multinational toy company LEGO to provide learning tools for children and kindergarten in the slums of Brazil. PUPA is a “PP – Profit and Purpose” company designed to improve early childhood care in low-income communities (BOP – Base of Pyramid Markets). PUPA Educational Enterprises is a private company with social mission in Brazil targeting low-income children, parents and caregivers with educational training and products. Training is integral to Pupa‟s operations using a program designed by Brazil‟s leading Early Childhood specialists in health, education, music and communication. Basic health, nutrition and violence prevention is included to insure materials are used effectively while improving preschool learning capacities thru playful activities and adding value to caregiver‟s services. Pupa is the brainchild of ZOOM Editora Educacional, a family-owned company that has sold more than 1.5 million kits, comprised of text books and LEGO Education sets – for which is the exclusive representative in Brazil – to school children aged 5 to 17. Previously, Ms. Amorim served as the Chief Executive Officer and Board member of ZOOM Group, an Educational company that designs contents based on LEGO Education technology and exclusively distributes in Brazil. Prior to such experiences, she accumulated several important business leadership roles – as President of MSC (Mediterranean Shipping Company), a leading world container transport company and in its multimodal subsidiary, as president, of Sunlog/Medlog Logistics of Brazil and of Uniter of Brazil. She has also served as vice chairwoman of Centronave (Centro de Navegação Transatlântica), the main shipping owners association. Ms. Amorim holds a graduate degree in International Relations from Tufts University in Boston, and a bachelor‟s degree in Business Administration from Mackenzie University in São Paulo. Minhaz ANWAR is the CEO of Better Stories, a consulting company in Bangladesh that was engaged by ADB for the inclusive business study for the country. Armin BAUER is Principal Economist in the Asian Development Bank (ADB). Mr. Bauer has been working with ADB since 1995 in various functions in the operational, strategy and policy, and knowledge management departments. One of Mr. Bauer‟s recent initiatives is a cooperation with ADB‟s Private Sector Department and with the Inter-American Development Bank (IDB) and other development partners on promoting inclusive business investments in various Asian countries. The initiative comprises (a) market scoping studies in 10 Asian countries on inclusive business at the base of the pyramid, (b) the development of an inclusive business impact assessment tool, and (c) the possible establishment of investments funds for inclusive business in cooperation with development partners. Mr. Bauer, a German national, has more 3 than 20 years of development experience, a PhD in development economics, a M.A. in Political Economy (1987), and a BA in Administrative Science. Prior to working at ADB, Dr. Bauer was with the German technical assistance agency (GIZ, 1991-1995), the German Development Bank (KfW, 2003-2006), and grassroots NGOs in India (1984, 1988-89). Noah BECKWITH is an impact investment specialist focused on the design and structuring of debt and equity vehicles investing in social and environmental sectors. His current mandates include the design of several BOP (base of the pyramid) – orientated private equity funds for the Asian Development Bank and the establishment of a new investment company for ResponsAbility, one of the world‟s leading microfinance investors. In addition, Noah heads the Banks and Angel Investors Programme at BiD Network, a Dutch organization which channels capital to small and medium-sized enterprises (SMEs) across the emerging markets. Prior to working independently, Noah was responsible for fund raising, business principles and development impact assessment at Aureos Capital, a global leader in SME investing. Whilst at Aureos, he created one of the first development impact assessment systems, the Aureos Sustainability Index. Previously, he spent two years with the Commonwealth Development Corporation, and four years with the Economist Group as a Senior Economist for the Africa and Pacific regions of the Economist Intelligence Unit, contributing regularly to the Economist newspaper on African and Asian affairs. Noah graduated from Oxford University with an MA in Spanish and English, and from the London School of Economics with a Diploma in International Relations, and an MS in Development Economics. He speaks English and Spanish, as well as fluent French, Portuguese and Italian. Noah is currently working for the ADB as Capital Markets (Consultant) to propose structures of inclusive business funds. Chris BESHOURI is the Managing Partner for McKinsey & Company's practice in the Philippines. Chris has worked with a variety of firms in the Philippines and 8 other Asian countries, focusing on economic development, banking, energy, telecommunications and the public sector. Chris is a contributing author to “Banking in Asia: Acquiring a Profit Mindset,” and “Business Solutions for the Global Poor,” which examined how to adapt business models to serve the low-income consumer segment. He leads McKinsey's Social Sector Office in SE Asia, a practice area focused on economic development and serving government and not-for-profit firms in a range of sectors, and is leading an effort to develop a new service line within McKinsey focusing on the bottom of the pyramid economic classes. Chris also designed and has helped teach a course the last 3 years in Social Entrepreneurship with Ateneo University and Gawad Kalinga, an NGO developing housing for the poor. Prior to McKinsey, Chris worked with the US Treasury, focused on Capital Market development, and redesign of the Community Reinvestment Act, including adapting micro-finance techniques to bank lending to poor communities in the US. He was an adjunct Professor at Georgetown University teaching financial market development in emerging markets, and a Fellow at Harvard University, focused on impact of e-banking on monetary control and banking regulation. Joost BILKES is a Vice President, Relationship Manager for the Greater China Market and Asian representative for Microfinance and Impact Investments within Credit Suisse. He is responsible for managing private banking clients in the Greater China region and being the spokesperson as well as the lead business development for Microfinance and Impact Investment efforts in Asia. Credit Suisse has been active in the field of microfinance for more than a decade working with experienced partners. By the end of 2011, the bank‟s efforts have helped around 1.9 million disadvantaged people to gain access to financial services. Through CS‟ initiatives – combined with the support of experts and resources from across the bank – the bank creates value for clients, microfinance institutions and micro-entrepreneurs. As part of CS‟ Microfinance Capacity Building Initiative, the bank 4 also helps microfinance institutions improve processes and train employees. To facilitate the exchange between the global financial world and local organizations, a number of Credit Suisse employees spend up to several months working on site with our partner organizations. For Credit Suisse, the success of the microfinance model is the blueprint for our growing commitment to provide leadership and promote social innovation to meet the diverse need of people living at the base of the pyramid. Prior to his current role, Mr. Bilkes was the Regional and Product Head of Mutual Funds and Exchange-Traded-Funds for Credit Suisse in APAC. Joost managed a regional team of fund experts based in Tokyo, Mumbai, Hong Kong, Sydney and Singapore, implementing fund sales recommendations based on quantitative and qualitative criteria. Previously, he worked as a mutual fund expert for Credit Suisse in Zurich. Before joining Credit Suisse, Joost worked as an analyst and project manager for UBS Investment Bank (Sydney), Westpac Corporate Centre (Sydney) and ABN AMRO Private Bank (UK). He holds a Master‟s degree from the University of Amsterdam (Vrije) in Business Administration and is currently studying on the Berlin Beuth University for Applied Sciences to obtain a Master‟s degree in Renewables via distance learning. Elizabeth BOGGS DAVIDSEN is Principal Specialist at the IDB‟s Opportunities for the Majority Initiative. Earlier in her career at the IDB, she served as a policy advisor to the IDB‟s Executive Vice President, providing oversight on issues related to social sectors, the environment, public management, science and technology, competitiveness, tourism and disaster prevention. She also served as the principal coordinator of the IDB‟s Multilateral Investment Fund, which uses both grant and investment mechanisms to strengthen the environment for doing business. Before joining the IDB, Elizabeth spent six years working for the United Nations in the United States, Africa and Europe. She is a graduate of Middlebury College and holds a Master‟s degree in Foreign Service from Georgetown University. Anand CHANDANI is the Regional Director for South and South East Asia of responsAbility, a global microfinance and inclusive business financing institution focusing on social investments in sectors such as financial inclusion, technology, sustainable agriculture, energy, education, and healthcare. Mr. Chandani leads the India office team and is responsible for strategic development of responsAbility‟s activities in this region. Mr. Chandani has over 15 years‟ operational and financial experience in fields such as product management, business development, and project finance. Before joining responsAbility, he acted as CEO of Otto Hofstetter India Pvt. Ltd., a worldwide leader in the manufacture of injection molds, and as director of Soplar India Pvt. Ltd., a leading blow-molding-machine manufacturer. Anand also served on the board of Head Start Educational Trust and on the investment committee at AlphaMundi Group, a social impact fund. He earned a Master‟s degree in Business Administration from the Kellogg School of Management and a Bachelor‟s degree in Computer Science from Carnegie Mellon University. Alice CHAPPLE is a specialist in impact investment and development impact assessment. She is founder and director of ImpactValue, a consultancy advising businesses, NGOs and government on managing the impact of their activities to create and protect value. She is currently working on a range of assignments, including work with a development finance institution on a new impact investment facility focused on inclusive business models; with a children‟s charity to maximize the impact of their partnership with a commercial company in developing countries; and work with a commercial bank on their strategy for measuring and managing their development impact in Africa. In early 2012, she helped ADB to develop an ex-ante impact assessment tool to use in their inclusive business funds, based on her experience of designing impact assessment frameworks that combine practicality with relevance and rigor. Prior to setting up ImpactValue, Alice worked as Director of Sustainable Financial Markets for Forum for the Future, a sustainable development charity, identifying ways to drive capital towards sustainable activities including inclusive business. This involved 5 projects exploring the scope for innovative financial instruments, more effective valuation techniques, better risk assessment, new business models, and longer-term investment strategies. Specific areas of focus included forest investment, cleantech investment, microfinance and insurance. Before joining Forum for the Future, Alice worked at development finance institution CDC in various roles, including financial analyst, fund manager, and social and environmental advisor. She developed a program for evaluation of development impact in the late 1990s. She also created a toolkit for CDC‟s fund managers to use to understand and manage the social and environmental aspects of investee companies at all stages of the investment cycle. She also worked for Actis, the emerging markets private equity firm. Alice has an MA in Economics from Cambridge University and is a chartered accountant. Siddharth CHATURVEDI is currently working as the Director, Strategy and Operations at AISECT. He handles the operations of the 10,000 centre India- wide AISECT network of education, skill development and services centers, strategies for expansion and business diversification. He is responsible for the entire value chain including mobilization, delivery, registration, assessment, dispatch and logistics for all the courses. He also handles financial strategy for the AISECT group. Siddharth has a rich domain expertise of the various aspects of Indian education sector and its various dimensions. He is also actively involved in the implementation of a nation-wide skill development project in trades such as IT and Computer Skills, BFSI, Electronics and Hardware, Retail and Teacher Training in association with the National Skill Development Corporation-NSDC. NSDC is the apex body set up in India in PPP mode to drive the skill development initiative across the country. Besides this project, Siddharth has worked on several other projects and assignments related to skill development and training with various Government and Private sector clients. Siddharth holds a Bachelor‟s degree in Electrical Engineering from NIT Bhopal and an MBA in Marketing and Finance from the prestigious S.P Jain Institute of Management and Research, Mumbai. Post MBA, Siddharth worked with the Agri-Business Division of ITC and was extensively involved in setting up of e-Choupals, setting up supply chains in rural India for various products and new product launches. After an enriching experience at ITC, he moved on to IBM working on various Business Consulting engagements in the retail and Consumer Products space. With this experience and a keen interest in education and skill development sector, he joined AISECT to take on the responsibility for expanding and diversifying the AISECT Group. He is a sports enthusiast and an avid reader. Nathalie CELY SUAREZ is currently the Ambassador of Ecuador to the United States. Before, she was Coordinating Minister of Production, Employment and Competitiveness (2009-2011) and Coordinating Minister of Social Development from March (2007-2009). During her time in the Government of Ecuador, Ambassador Cely promoted socio-economic inclusion of poor men and women through vocational training, housing for the poor, education, health, and social protection programs in which she actively supported public-private partnerships and private sector involvement by improving the enabling environment for inclusive business in Ecuador. She served in the private sector from 2002 to 2007 where she was president of Edúcate (a foundation for improving education through ICT usage), and Stratega (a foundation for promoting the development of sustainable business). Ms. Cely, an economist by training, is also an author of various publications, and a thought leader on issues of economic development and the competitiveness of micro, small and medium-sized businesses. She graduated from the Universidad Católica de Guayaquil in Ecuador, did an MA at the Harvard University‟s John F. Kennedy School of Government, and a PhD (on determinants of collective action in the creation of public goods in export SME networks) from the FLASCO, Latin American Faculty of Social Sciences.

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Neelam CHIBBER is co-founder and CEO of Mother Earth enterprise, a handicrafts retail brand in India. The company has build a strong production and marketing platform that provides high-quality artisan-made products. By connecting rural producers to urban markets, it drives producer incomes upwards, increase potential of ownership in their own enterprises, which in turn will drive efficiency. The ventures work with a group of SHG's who invest their own working capital in their enterprises and who are provided assured orders, new designs, along with access to improved infrastructure, working capital, and business development skills. Ms. Chibber is an Industrial Designer from National Institute of Design, Ahmedabad, with more than two decades of hands on experience providing design, technical and marketing solutions in natural fiber and hand crafts. She is also an alumnus of Social impact International, as well as Global Social Benefit Incubator at Santa Clara University, USA. Michael CHU is a Professor and Senior Lecturer at the Social Enterprise Initiative at the Harvard Business School since July 2003. He is also the Managing Director of the IGNIA Fund, an investment firm based in Monterrey, Mexico, dedicated to investing in commercial enterprises serving low-income populations in Latin America, which he co-founded in 2007. He also serves as Senior Advisor and a founding partner of Pegasus Capital, a private equity firm in Buenos Aires, Argentina, and a real estate joint venture in Colombia. Before Pegasus, he was President and CEO of ACCION International, a nonprofit microfinance pioneer, and participated in the founding of several regulated microfinance institutions and banks throughout Latin America. He serves on the Board of many firms and banks. Mr. Chu has written many articles and knowledge pieces on microfinance, inclusive business and BoP, profit and poverty, microinsurance, public health, and on economic development. Michael Chu has a MBA from Harvard Business School. He was born in Kunming, People's Republic of China, and grew up in Montevideo, Uruguay. Noshir COLAH is Operations Partner at Aavishkaar Venture Management Services, Mumbai, India. Aavishkaar is a pioneer in early stage impact investing in India since 2001, and advises 4 funds of a total of $140 million. It is meanwhile also expanding to other countries. Aavishkaar is guided by the fundamental belief that investing in early stage entrepreneurial ventures can not only deliver commercial returns, but also bring about significant efficiencies and developmental impact to rural and underserved communities. Aavishkaar‟s investments to date are mostly in agriculture and dairy, education, energy, handicrafts, health, water and sanitation, technology for development and microfinance and financial inclusion. Mr. Colah has over 25 years of wide-ranging international experience in top management, especially in renewable energy and green technology, construction, mechanical engineering, and in other different service sectors. He has been an integral part of three start-up companies and gained work experience in several countries. Prior to joining Aavishkaar, he held four “C-Level” positions and had served on the Board of Directors of several companies in India and abroad. His expertise covers a broad spectrum of management functions, including concept and product development, intellectual property rights, licensing and joint ventures, finance, legal, operations, sales and marketing. However, his passion is organization building through the development and implementation of corporate systems. Mr. Colah has an MBA with a dual major in Finance and Computer Systems in Business from Ohio University. Noshir is an alumnus of Mumbai‟s Sydenham College of Commerce and Economics and Government Law College. Markus DIETRICH is the Director of Asian Social Enterprise Incubator (ASEI), a Manila-based organization that identifies products and ideas with transformative potential and helps to grow them into sustainable businesses. He is also – for the ADB project the team leader for the IB market scoping study for the Philippines. Mr. Dietrich is a recognized inclusive business 7 specialist with extensive experience in research, project development and consulting on base of the pyramid (BoP). His broad knowledge of the BoP market and the development, financing, and operation of social and inclusive enterprises in the Philippines is the foundation for his consulting work with the Asian Development Bank, GIZ, ASOG BoP Asia program, BCI Asia and various social enterprises. A member of the World Presidents' Organization, Markus has top-level business experience through his work as Managing Director and entrepreneur in Europe. He is connected to a wide network of local and international organizations, such as the BoP Global Network, and the international impact investment community. Markus graduated with a course of B.S. Business Studies from CASS Business School, and attained his MS International Community Economic Development from the Southern New Hampshire University. His Master‟s thesis “Achieving Scale and Sustainability in a Social Enterprise at the BoP” as well as his participation in INSEAD's Social Entrepreneurship Programme has allowed him to interact and work in-depth with various BoP and social enterprises in Asia. W. Robert DE JONGH is the Founder, CEO and Chief Inclusion Architect at the Red Mantra Group, a boutique strategy consulting, market research, and ideation company focused on inclusive growth, sustainability and accountability in emerging markets worldwide. His current mandates include acting as Regional Team Leader and BoP Enterprise Development specialist at the Asian Development Bank, and leading an inclusive business development and engagement strategy for the poorest regions in the United States for the Ford Foundation. Prior to Red Mantra, Robert was the Managing Director for Latin America at SNV where he led the transformation of the organization from a fully subsidized development agency to a viable social enterprise, knowledge institute, consulting firm, and inclusive business incubator. While at SNV, Robert also created, led and scaled SNV‟s inclusive business and impact investment advisory services practice and developed an active portfolio of over 100 clients from the private sector, bi-lateral agencies, multi-lateral development banks, and government ministries. He also founded Origo, a strategy consulting and technology services provider based in San Francisco, California (acquired by the Cazneau Group in 2010) and Inclusys, a consulting firm focused on economic inclusion and competitiveness based in Ecuador. His earlier experiences include management and research positions at WWF, The Nature Conservancy, the World Bank, the US Chamber of Commerce and the North Atlantic Treaty Organization. Throughout his career, Robert has developed winning and unconventional strategies that have generated over $1 billion for business and sustainable efforts worldwide, created over 200,000 jobs for the base of the pyramid, and conserved some of the world´s most endangered places. Robert is a graduate of the American University in International Studies and Development Economics in Washington, D.C. and completed EU policy studies at the Université Libre de Bruxelles in Brussels, Belgium. He speaks six languages and has lived and/or worked in over 30 countries in the Americas, Europe, Africa and Asia. Tom DERKSEN is country director of SNV/Netherlands Development Organization in Vietnam and Indonesia. SNV is one of the leading development organizations that pioneered the inclusive business approach. It was involved in the markets coping study that started the Inclusive Business investments of the Inter-American Development Bank. SNV has IB activities in Latin America, Africa, and Asia. Mr. Derksen has – as Country Director at SNV – supervised over an annual $12m project portfolio in the sectors of renewable energy, agriculture, water, and climate change. He has over 25 years of management experience in international development supporting „market based solutions for the poor‟. He has been instrumental in expanding SNV‟s Inclusive Business approach in the Mekong and Indonesia. Earlier he served 13 years as Director for the SNV and Consul of the Netherlands (Hon) in Nepal and Bhutan. Before that he worked as an independent management consultant, managed a tourism company, and worked for CARE international. 8

He worked in 12 countries mostly in Asia and Africa. Mr. Derksen holds a Master‟s degree in Anthropology and Irrigation Engineering from the University of Amsterdam. Tahira DOSANI leads strategic projects, partnerships and communications at LeapFrog Investments. She is responsible for the fund‟s strategy as well as the many ways in which LeapFrog engages influential individuals, institutions and communities in its mission. LeapFrog is a profit-with-purpose private equity fund and a pioneer of impact investing in emerging markets. The $135 million fund invests in companies that aim to reach the next billion emerging and under-served consumers with essential financial tools, focusing on insurance. LeapFrog targets both attractive financial returns and social impact from serving this vast market of low-income people who are willing to pay for affordable services yet are offered none. LeapFrog has attracted several of the world‟s leading banks, funds and reinsurers as investors. It is the largest investor globally in microinsurance and other related financial services. Tahira was previously Director of Strategy at the Aga Khan Fund for Economic Development. Based in Dubai, she drove strategic initiatives for portfolio companies and led due diligences on new investments in South and Central Asia and the Middle East, managing a portfolio that generated over $1b in revenues. Prior to that, she was based in Kabul, Afghanistan as Head of Corporate Strategy at Roshan, Afghanistan‟s leading telecommunications operator, with over $350m in revenues and 1200 employees. Tahira began her career at Bain & Company, performing strategic due diligence and growth planning on private equity acquisitions totaling over $25 billion and supporting a number of Bain‟s Fortune 500 clients to grow and optimize their businesses. Tahira holds an MBA from INSEAD and BAs in International Relations, Computer Science, and Education from Brown University. Jaisingh DHUMAL is the Chief Manager and Head of the Technology Finance Group of ICICI, India‟s second-largest bank with consolidated total assets of about US$ 120 billion and profit after tax of US$ 1,271 million. The Bank has a network of 2,881 branches and 10,021 ATMs in India, and has a presence in 19 countries. It offers ICICI a wide range of banking products, and has recently engaged also in promoting inclusive business ventures through debts, equity and other financial management tools. The Technology Finance Group (TFG) of ICICI Bank implements various programs to help the industry and institutions undertake collaborative R&D and technology development projects, as well as financing of social enterprises and inclusive business. Jaisingh has been working with ICICI since 1992 and has over 20 years of well-diversified relevant professional experience in management and finance especially on energy and the environment and post harvest agribusiness sectors. He has also extensive experience with the operations, policies and procedures of multilateral financing institutions and bilateral donor agencies such as the World Bank, USAID, and KfW in structuring innovative financial mechanisms. He is also well-networked with central and state government institutions and agencies, NGOs, academia and research institutions. Mr. Dhumal holds a Master‟s degree in Agriculture and a diploma in Business Management. He is a member of various Government of India Committees such as the Technology Information Forecasting and Assessment Council (TIFAC) of the Department of Science and Technology (DST), the Technology Refinement and Marketing Programme at DST, DST‟s New Millennium Technology Leadership Initiative, the National Cook Stove Initiative under the Ministry of New and Renewable Energy, and the Project Review and Monitoring Committee of the Technology Development Board. He is also a member of the National Advisory Committee, India for USAID-ECO Asia Clean Development and Climate Programme. Bart W. ÉDES is Director of the Asian Development Bank‟s (ADB‟s) Poverty Reduction, Gender, and Social Development Division, and Chairman of ADB‟s 220-member Social Development and Poverty Community of Practice. The division provides quality assurance, policy guidance, and technical support to ADB operations on education, gender equity, health, inclusive growth, poverty 9 trends, social dimensions of climate change, and social protection in Asia and the Pacific. The division also generates and shares knowledge and good practice, and explores ways to harness the power of the market to address social and environmental challenges through base of the pyramid approaches and social entrepreneurship. In previous ADB assignments, Mr. Édes oversaw work on stakeholder participation and civil society engagement, and implemented the bank‟s policy on disclosure of information. Between 1994 and 2000, Mr. Édes managed communications at SIGMA, a joint initiative of the European Union and the OECD providing support on public governance reform to countries in transition. In earlier roles, Mr. Édes has worked as a journalist, policy analyst, and specialist on international trade and foreign direct investment. He has a Master‟s Degree in Public Policy from the University of Michigan, and a Bachelor‟s Degree in Government from Georgetown. Iftekhar ENAYETULLAH is the co-founder and director of Waste Concern, a waste recycling company based in Bangladesh. A professional civil engineer and urban planner by training, Mr. Enayetullah is a practitioner, researcher, and a social entrepreneur in areas of waste management, environmental management and clean energy, with more than fifteen years of professional experience. Iftekhar Enayetullah has authored more than eighty publications including scientific papers, articles, fact sheets, manuals, technical reports, and educational materials. Waste Concern was founded in 1995 with the motto “Waste is a Resource”; it is now a social business enterprise comprising both „for profit‟ and „not-for-profit‟ enterprises. As co-founder and director of Waste Concern, Mr. Enayetullah has designed and implemented a community-based, decentralized composting technology using a public-private-community partnership model. The company is using public-private partnership models and exploring diverse types of funding including climate change mitigation funding. Waste Concern is replicating their business model in other cities of Bangladesh; it is planning to expand with the help of the Gates Foundation to the Mekong region and to Africa. Mr. Enayetullah and his firm received various international awards for their innovative work in the social enterprise field. Philip ERQUIAGA is the Director General of the Private Sector Operations Department (PSOD) at the Asian Development Bank (ADB). Philip joined ADB in 1985 after positions at the Overseas Development Council and the Chase Manhattan bank. He leads a team of professionals tasked with catalyzing private investment for sustainable development activities across Asia and the Pacific. Before joing PSOD, Mr. Erquiaga was the Director General of ADB's Pacific department. He has managed fixed income and interest rate derivative products for ADB's treasury operations, developed the treasury risk management function and enhanced and consolidated the co-financing operations of the bank. Stephen P. GROFF is ADB‟s Vice President for Operations in East and Southeast Asia and in the Pacific. He is also responsible for the Central Operations Services Office. His mandate includes establishing strategic and operational priorities in his areas of responsibility, producing investment and technical assistance operations amounting to $4-5 billion annually, managing an existing portfolio of about $23 billion, and leading about 700 staff. In addition, Mr. Groff supports ADB‟s President in managing ADB‟s overall operations, represents ADB in high-level multilateral fora, and contributes to managing its relationships with its 67 member country shareholders, other multilateral financial institutions, and key government, private sector, and civil society partners. Prior to joining ADB, Mr. Groff was Deputy Director for Development Cooperation at the Paris-based Organization for Economic Co-operation and Development (OECD) where he led OECD‟s work on a wide range of development-related economic and political issues. He also served as OECD's envoy to the G20 Working Group on Development and was a member of the World Economic Forum's Global Agenda Council. Prior to this he was the Deputy Vice- President for Operations at the Washington-based Millennium Challenge Corporation (MCC), 10 where he helped set up the agency and led MCC programs while advising the CEO on development issues, strategy and policy. Prior to MCC, Mr. Groff held several staff positions at the ADB. Before this, Mr. Groff was the deputy director and chief economist on a large USAID project designed to encourage private sector development in the southern Philippines, a Program Director for the U.S. Refugee Program, and a U.S. Peace Corps Volunteer. Mr. Groff has worked across Asia, Africa and Latin America and writes regularly on development issues. He also serves on a number of advisory boards for development-related organizations. Mr. Groff holds a Master‟s degree in Public Administration from Harvard University and a Bachelor of Science degree in Environmental Biology from Yale University Gaurav GUPTA heads Dalberg‟s Asia operations based out of Mumbai, India. Dalberg is a Global Consulting Firm specializing in addressing challenges that help create social impact. Mr. Gupta is also the Director of The Green Livelihoods Centre, a collaborative initiative that brings together two of the world‟s largest grass-root organizations, the Sierra Club (USA) and the Self Employed Women‟s Association (India), along with The Climate Project India, to help generate and propagate ideas on sustainable jobs and lifestyles. Prior to forming the Green Livelihoods Centre, Gaurav helped create The Climate Project India (TCPI), with Al Gore in March 2008. Gaurav sits on the Steering Committee of various clean energy investment funds including Acumen‟s Rural Energy portfolio and DFID‟s Clean Energy Fund. He also is an Advisory Board member to Farmers Net, a broad network of leading farmers who undertake rural development. In his over six years at BCG, Gaurav‟s work has included Banking and Finance, Public Sector performance improvement, social and economic policy development and large scale organizational mergers. Gaurav has also worked extensively with Australian Indigenous communities on sustainable development projects. In 2005, he setup The Cape York Institute, a leading Think Tank on Indigenous policy. Gaurav has recently co-founded an organic plantation resort and forest regeneration initiative in India that features a wide array of renewable energy technologies and eco friendly building concepts. Gaurav holds a BA in Philosophy, Politics and Economics from Oxford and an MA in Development Economics from Yale University. He also attended the United World College of Hong Kong as an Australian Government scholar. Jamey HADDEN is the founding owner of Green Energy Biomass JSC, in Viet Nam, an integrated, pro-poor biofuel feedstock company using Jathropa, and Asia Biomass - Hong Kong, Ltd., a consultancy firm engaged in renewable power production. He is also a member of the Roundtable on Sustainable Biofuels, sits on the Vietnamese National Biofuels Steering Committee and speaks globally on the profitability of sustainable energy businesses. Mr. Hadden holds a degree in Economics and a Masters in International Business from the USA. For fifteen years, he has owned and managed start-up operations in sun-rise industries from Hong Kong to Argentina. Wolfgang HAFENMAYER is Managing Partner of LGT Venture Philanthropy in Zurich. LGT Venture Philanthropy provides young, fast-growing social organizations in Latin America, Africa, India, South East Asia and China with funding, know-how and access to networks. The fund provides grants, loans and equity investments. LGT Venture is part of the LGT investment group owned by the Prince of Lichtenstein. Mr. Hafenmeyer graduated from University of St. Gallen (HSG) with a degree in Business Administration and Information Technology. He started his career with the global business consulting firm Bain&Company in Switzerland. At the beginning of 2002, he founded Consileon Business Consultancy Switzerland and was its CEO until the end of 2004 (IT and management consulting). In 2005, he researched for the book MyImpact conducting 250 interviews with social entrepreneurs, scientists and politicians in 26 countries (Book: ZukunftsMacher, Oct. 07). From 2006 to 2007, Mr. Hafenmayer he was an investment manager of the BonVenture Group, Munich, a foundation and socially responsible 11 venture capital fund. In September 2007, he took responsibility for setting-up LGT Venture Philanthropy as managing partner. Sudarsono HARDJOSOEKARTO is Chairman of biMBA, a semi commercial operating unit under auspice of Indonesia Children Development Foundation (YPAI), offering homeschooling-type “Mentoring of Children's Learning and Reading Interest” for early childhood of low income families. The biMBA has franchised to more than 700 branches in Indonesia to provide online teacher's training, serving 30,000 children aged 3-6 years (of the 30 million) in Indonesia. Mr. Hardjosoekarto attained a PhD from the University of Tokyo, Japan, and has been serving for eight years in several high ranking official posts at the Ministry of Home Affairs. He is also a Senior Lecturer at Universitas Indonesia. Phil HARMAN is currently Program Manager for Indonesia and is responsible for establishing SNV's presence in Indonesia. He was involved in the ADFB/SNV Bangladesh and Indonesia IB market scoping study. Prior to moving to Indonesia, Phil was based with SNV Vietnam as Senior Advisor Private Sector Development where he worked on inclusive business and tourism development. Phil has previously held positions in government, the private sector and consulting covering retail, tourism, transport and agriculture. Phil has a Bachelor Degree in Arts (Politics and Economic History) and a Masters of Tourism Management from Monash University, a Masters of Arts (Korean) from Swinburne University and a Post Graduate Certificate in Development Studies from Melbourne University. Aussie HARYONO is the Head of Information Services of PT RUMA (Ruma), a company that runs network for micro-entrepreneurs as distributors of digital transaction and information services in Indonesia. Prior to Ruma, Aussie was VP Business Development at Amstelco Energy & Resources (Indonesia), Consultant at The Boston Consulting Group (Indonesia), and Analyst at Argus Info & Advisory Services (New York). He graduated with MA in Statistics from Columbia Univ. and BA in Mathematics-Economics & Psychology from Wesleyan University. Sabine HERTVELDT is Senior Operations Officer in the Inclusive Business Group of the International Finance Corporation (IFC) under the World Bank. The IFC has three major areas: IFC Investment Services offering a wide range of financial products-to companies, IFC Advisory Services, and IFC Asset management. In the Financial Year 2011 IFC invested $12.2 billion in 518 projects world-wide, and mobilized an additional $6.5 billion to support the private sector in developing countries. IFC‟s Inclusive Business Models department focuses on extending IFC‟s reach to the “Base of the Pyramid”, and comprises meanwhile about 7-10% of IFC‟s investments. Ms Hertveldt has co-authored the World Bank‟s Doing Business reports. Before joining the IFC she worked as attorney. She holds a LKLM degree from Columbia Law School where she was a Fullbright scholar and a fellow of the Belgian-American Educational Foundation. Lizi A. JALIL is an Executive Director of Emerald Capital Asia Limited, based in Singapore and Kuala Lumpur. She started her career as an accountant with MorBanc Financial Corporation, a mortgage banking firm based in Washington DC. Upon her return to Malaysia, she was employed as a tax consultant for Arthur Andersen Tax Services Pte Ltd, where she was involved in tax compliance work, tax planning and business advisory to foreign clients, governments, linked corporations and public listed entities. Ms. Jalil‟s career includes substantial corporate finance and financial accounting experience, primarily in the energy (she worked as General Manager for Nippon Oil Exploration Pte Ltd, and as CFO for SKS Refinery and a major oil and gas equipment fabricator) and the financial sectors. Between 2009 and 2011, Lizi worked as Senior Vice President for SBE Ven Capital Pte Ltd. Lizi has Bachelor in Accountancy from the George Washington University in Washington DC, and an MBA from Open University in Malaysia. She also holds a Chartered Diploma in Islamic Finance from the 12

Chartered Institute of Management Accountants in the UK, and is a Licensed Corporate Secretary in Malaysia. Shalaka JOSHI is the Managing Director of Unitus Impact, an early stage impact investing firm which works on improving the livelihoods of low-income populations by investing in and supporting the growth of scalable, livelihood ventures in Asia, especially India. She has over a decade of experience working across non-profit and for-profit sectors in Asia, Europe and the USA, with a strong focus on building access to finance, livelihoods and markets in emerging markets like India. Shalaka began her career in social enterprise with the United Nations Children's Fund where she worked on micro-planning and building public-private-non profit alliances. She later worked with GiveIndia Foundation where she advised business leaders on innovative strategic philanthropy models, and Ashoka, a global association of the world's leading social entrepreneurs. Her private sector experience includes ICICI Bank, India's largest private sector bank, where she led the process of integrating private sector partners into the Bank's initiatives in health, education and micro finance. Shalaka also served as Founding Vice President of the IFMR Trust, an innovative for-profit social enterprise dedicated to building financial inclusion for low-income individuals and enterprises in India. She was part of setting up their Network Enterprises Fund, India's first equity fund focused on fixing rural supply chains across 8 sectors. Ms. Joshi serves on the Management Committee of the Harvard Business School Social Enterprise Alumni Association, as an Advisor to UnLtd, India- an incubator and launchpad for social entrepreneurs, and as an Observer on the Board of Moksha Yug Access - an Indian rural supply chain management company that builds market linkages between rural communities and larger commercial markets. Nobuhiro KAWATANI is the Deputy Director, Private Sector Partnership Division, Office for Private Sector Partnership, JICA. Mr. Kawatani is one of the founding members of JICA‟s support program for BoP and inclusive business, which was launched in August 2010. Since its inception, JICA has held 4 calls of proposals, in which it adopted over 60 projects out of 350 proposals. In the program, it covers various projects, such as health, renewable energy, education, agricultural development, sanitation and water, in mainly Asia and Africa. Harvey KOH is Associate Partner of the Monitor Inclusive Market Group based in India. Prior to rejoining Monitor in 2011, Harvey was the founding Head of Investment & Performance at Private Equity Foundation (PEF), a $40 million venture philanthropy fund established in London by leading U.S. and European private equity firms, with a focus on getting highly effective social enterprises to scale. Before PEF, Harvey worked with The One Foundation, a pioneering European venture philanthropy fund, and with the London-based advisors, New Philanthropy Capital. Mr. Koh, born in Malaysia, has an MA from the University of Cambridge having read law, economics and resource management. He authored various books and reports on inclusive business. William KRAMER is the President and CEO, Clean Engines International, an inclusive business company providing solutions for air pollution and low income transport in developing countries‟ cities such as Manila, Philippines. Following a long entrepreneurial career, Mr. Kramer has worked for more than a decade to understand business engagement with low-income communities, and pro-poor business activities. He is co-author of the pioneering study, “The Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid”, published by the International Finance Corporation and World Resources Institute. He is also the former Senior Associate Director of CASE, the Center for the Advancement of Sustainable Enterprise at Colorado State University. Geetali KUMAR is an Investment Associate with Bamboo Finance based in Singapore. Bamboo Finance is a commercial investment firm managing US$ 250 million, representing a unique portfolio of direct investments around the 13 world with offices in Luxembourg, Geneva, Bogota, San Francisco, and Singapore. The firm specializes in microfinance, small and medium industries, and inclusive businesses in Asia (India, Laos, Mongolia, Philippines, Pakistan, Viet Nam), Africa, and Latin America. Headquartered in Geneva, Bamboo Finance has 25 employees worldwide and covers Asia from its office in Singapore. It is currently planning a regional social impact fund for Asia. Ms. Kumar is – as an Investment Associate with Bamboo Finance - responsible for sourcing, developing, and monitoring investments in Asia. Prior to joining Bamboo Finance, she worked at Actis Capital, a leading emerging markets private equity fund. During her time with Actis, she covered investments in South East Asia and India focusing mainly on consumer and healthcare sectors. She was also instrumental in managing Actis‟ investment in the largest oil and gas distribution company in Singapore, and exiting the largest book and magazine retailer in Thailand. Prior to her time at Actis, Geetali worked at Citigroup in their investment banking business in Mumbai. She holds a Bachelor in Management Studies degree from the Mumbai University and a Master of Business Administration degree from the National University of Singapore. PAMELA LAU is the Founder and Managing Director of Green Gold Group, a company that specializes in the business and development of the marine and sea industries in Indonesia. The company is responsible for a cultivation area of over 10,000 hectares throughout Indonesia for seaweed production and is concerned with the progress and empowerment of the local communities and infrastructure. The company has incorporated a complete system of managing the development, cultivation, processing and trading of seaweed, and has a long term vision to develop seaweed as an essential healthy and sustainable food source and other alternative energies, in additional to the development of seaweed farms as marine tourism destination. Pamela has more than 20 years in the public relations and business industry, which commenced from the hotel and hospitality sector, which later developed into a career in tourism and food business with clients and projects from multi- national corporations to governments and country leaders. Pamela is the creator of the “Indonesian Tourism Mascot”, the Komodo for the Republic of Indonesia which was endorsed by the President of Indonesia, Mr. Abdurrahman Wahid, and was most recently used for promotions in the Indonesian pavilion at the Shanghai Expo 2010, and at the SEA Games. Pamela has served as public relations consultant to the President of Indonesia, Mr. Adburrahman Wahid, to their 3 Ministers of Tourism, and to the Minister of Forestry, wherein she was the creator of the „No Forest, No Future‟ campaign. Pamela has worked and trained in both the public and private sectors in Hong Kong, Taiwan, UAE, Singapore and Indonesia. Pamela graduated from England majoring in Business and Communications and is fluent in 4 languages. Geric Gillera LAUDE is Vice President for Microinsurance at Pioneer Life Inc., and is the champion for Microinsurance for the Pioneer Group. The Pioneer Group is a market leader in both the non-life and life insurance industries in the Philippines. In 2011, Pioneer Life generated Gross Written Premiums of some $29 million, and is a trailblazer in microinsurance, providing programs that cover individuals in the low income market. From a modest 27,000 microinsurance clients served in 2009, this inclusive business model had served 500,0000 clients in 2011, and will cover a million individuals by the end of 2012. Pioneer's microinsurance programs combine life and non-life coverage and have benefits that range from $120 to $4,800 for premiums from $5 to $25 a year. The distribution model for microinsurance involves the dissemination of policies largely through microfinance based institutions like CARD MRI, rural banks, NGOs and cooperatives. Pioneer Microinsurance has set the benchmark for settling claims 3 to 5 days from advise of loss, with a simplified validation process. Today, Pioneer continues to expand its microinsurance market as it pioneers innovations in products, distribution and processes. Mr. Laude joined Pioneer's non- life business as a Management Trainee in 1998 right after graduating with an AB Psychology degree from Ateneo de Manila University, and went on to become Vice President and Head of 14 the Cebu branch with a concurrent role as Deputy Head of the Visayas Region prior to his current assignment. Bindu LOHANI is the Vice President for Knowledge Management in the Asian Development Bank. Prior to this he was the Secretary of the bank, the Vice- President for Administration and Finance, the Director General of the Regional and Sustainable Development Department (responsible for sectoral and thematic areas), and the Director of ADB‟s Environmental Division. He also worked in Infrastructure and Environment Departments at ADB. Before joining the ADB, Dr. Lohani worked at the Government of Nepal and at the Asian Institute of Technology (AIT). Dr. Lohani holds a Doctorate degree in Engineering. He is an elected member of the National Academy of Engineering of United States, and is a diplomate of the American Academy of Environmental Engineers and Fellow of the American Association for the Advancement of Science Council. Darren MIAO is the Managing Director of RiverGen, a small hydroelectricity company in Indonesia. RiverGen plans to build, consolidate and manage micro-hydro power plants across rural Indonesia totaling 100 MW over the next 3 to 5 years. Prior to this move to Indonesia, Mr. Miao was the Asia Investment Officer for a London-based private equity fund. He also worked for Kiva where he was responsible for growing and managing Kiva's network of microfinance partners in the Asia-Pacific Region. Prior to this, he was part of Bank of America's Leadership Rotation Program, worked in the finance department of a large biotech firm located in the United States, and the Community Wealth Ventures consulting firm. Mr. Miao holds an MBA from the Haas School of Business at UC Berkeley, and a B.A. from Duke University. Normunds MIZIS is the Regional Head of the Asia Department of BlueOrchard Finance S.A, where he has been working since March 2012. He worked for 18 years with the World Council of Credit Unions for 18 years and held a variety of Chief of Party and Project Management positions and performed multiple short-term consultancy assignments in Central and Eastern Europe, and Asia to startup or restructure cooperative microfinance institutions and networks. His previous position was project manager of small enterprise development program with US Peace Corps/Baltics. Normunds has been a board member of several cooperative financial networks in CEE and Asia. His academic research at the University of Liverpool focused on microfinance for microentrepreneurs and small businesses in Sri Lanka.

Arvind NARULA Arvind NARULA is the Founder and CEO of Urmatt, a Thailand based multinational organic rice and agriculture company with contract farming models. Mr. Narula, a Thai national, is a strong global promoter of biofood and has initiated various business groups. Apart from being the CEO of Urmatt Ltd. he is also the Executive Director BioAsia Ltd., the CEO of BioAxiom Ltd., a Director of Organic Latin America SA, a Director of Simply Rice International Inc., the Chairman of World Rice Alliance, and a Director of the Regional Board of the World Presidents Organization (WPO). Mr. Narula has a BSc in Economics from the Schiller European University in Heidelberg and Paris, and did post graduate studies in Socio-Economics at the Sorbonne University in Paris and the Sasin Executive Program in Bangkok. Mr. Narula has also invented state-of-the-art non-chemical treatment processes for the rice industry. Apart from Thai, he speaks two European, two South Asian languages and also basic Japanese.

Jack NEWNHAM from Price Waterhouse Coopers (PwC), is the Project Director of DFID‟s Business Innovation Facility (BIF). BIF helps the development and uptake of inclusive business models by companies in developing countries. It currently provides advisory services to companies 15 that are developing inclusive business projects in five pilot countries - Bangladesh, India, Malawi, Nigeria, and Zambia. In partnership with Sida and their Innovations Against Poverty programme, BIF has also established the Practitioner Hub - a web based platform to share knowledge and learning and promote the broader uptake of inclusive business models in these markets and beyond. BIF is funded by the UK Department for International Development and is in the third year of a three year pilot, with new countries and further support in existing countries being considered. Since leaving DFID in 2001, Jack has worked in a range of roles that engage the private sector in international development. He has worked on many DFID funded programmes in this area, including several of DFID's early private sector challenge funds, and continues to apply this experience with Sida on their Innovation Against Poverty programme. For more than 10 years, Jack's work has involved direct engagement with and support to the private sector as they develop inclusive business models, including on programmes such as DFID's Business Linkages Challenge Fund, and UNHabitat's Slum Upgrading Facility - both seeking to engage the poor in markets in very similar way but before the term inclusive business was developed. The challenge of financing has been a recurring theme through this work, and the emergence of impact investing has become an increasing focus for Jack and PwC more broadly in the inclusive business jigsaw. Jack's early career was as a chartered accountant and consultant in the commercial sector, which included several years based in Malawi and Kenya. Jose Maria OCHAVE is currently Senior Vice President at United Laboratories, Inc., where he handles, among others, business development, social partnerships, and new ventures focused on providing access to healthcare to, and in partnership with, the base of the pyramid. Mr. Ochave is a lawyer and chemical engineer. He obtained his B.S. Chemical Engineering and Bachelor of Laws degrees from the University of the Philippines, and his Master of Laws degree from the University of Michigan at Ann Arbor. Felicitas PANTOJA is the Chief Operating Officer of Coffee for Peace, an inclusive business company from the Philippines that exports high value Arabica coffee through fair trade shops globally. Coffee for Peace has contract farming arrangements with about 20,000 farmers in Mindanao guaranteeing them high prices, 30% more income than traditional coffee planters among others through profit sharing arrangements. Coffee for Peace is a holistic, multi-faceted for-profit business that supports local Mindanao coffee growers and peace building initiatives in an area of the Philippines where issues over land distribution have been the source of conflict for almost four decades. Ms. Pantoja used her training in Hotel and Restaurant Management from University of Santo Tomas in Manila, Philippines and her experience in Canada in the investment industry. Having passion for social change in her own country gives soul to this Inclusive Business approach. Narin PHON is the Managing Director and CEO of ACLEDA Bank in Lao PDR. ACLEDA Bank is one of the 29 banks in Laos. Withy a net capital of 27 million and assets of $85 million, it achieved up to October 2012 a net profit of US$1.65 million from the profit 1.2million in 2011 and the loss of US$2 million in the year 2010. This was partly achieved through ACLEDA‟s inclusive business model of substantially increasing its rural banks and ATM network to serve small and medium-sized enterprises and poor people with loans in the amount of US$61.5 million (October 2012), and deposits of $46 million. Mr. Phon joined the Board in December 2008, and has worked for ACLEDA since 1996 in several positions such as Rural Financial Services Program coordinator, Chief of Credit officer, District Team Leader, Vice President & Deputy Head of Credit Division, Vice President & Manager of Takeo Branch, and as a Managing Director & CEO of ACLEDA Bank Lao Ltd from 2008-Present. Mr. Narin received a certificate of professor in 1990 in Thailand, a Diploma for Administrative Science from IPA Thailand in 1992, a B.A in Management from IMS in 2002, and M.B.A. in management from CUP University Phnom Penh in 2004. He is 16 also doing his PhD program from Build Bright University in Phnom Penh Cambodia from 2007-present, and continuing at the Australian Institute of Company Director (AICD) program since June 2012. Steven J. PUIG is the Vice President for Private Sector and Non-Sovereign Guaranteed Operations at the Inter-American Development Bank (IDB) in Washington. Mr. Puig is responsible for coordinating the private sector and non- sovereign guaranteed operational programs of the IDB Group, the development and implementation of a private sector integrated business plan, as well as the business plans of each of the group´s private sector entities. The IDB Group is composed of the IDB, the Multilateral Investment Fund (MIF) and the Inter- American Investment Corporation (IIC). The area under Mr. Puig´s responsibility includes the IDB´s Structured and Corporate Finance Department (SCF) and the Opportunities for the Majority Sector (OMJ). Prior to joining the IDB, Mr. Puig held a number of positions with Citigroup. From 2004 to 2007, he was Global Head of Trade for Latin America in Miami. From 2001 to 2004, he was Country Corporate Officer in Colombia. From 1998 to 2000, he was Country Corporate Officer in El Salvador. Prior to that, Mr. Puig was Vice President of Corporate Banking and Corporate Finance in the Dominican Republic. Before joining Citigroup, Mr. Puig served on the management team of two commercial groups in the Dominican Republic, Grupo Ambar and Grupo Reid & Perellano. Mr. Puig has a dual citizenship of the Dominican Republic and the United States. He holds a master‟s degree in International Management from the American Graduate School of International Management of Arizona, and a degree in Economics and International Finance and Commerce from Georgetown University‟s Edmund A. Walsh School of Foreign Service, Washington, D.C. QIAN Yin is the Director for of the Public Management, Financial Sector and Regional Cooperation Division of ADB‟s East Asia Department. Mr. Qian and his colleagues, in Mongolia and the People‟s Republic of China, initiate and implement programs and projects in areas of access to finance; green and innovative financial services; regional financial market integration and financial stability; fiscal reforms; social security; governance; and private sector development. They also work on, at subregional level in Central Asia and Southeast and Northeast Asia, regional cooperation, trade facilitation, and trade and investment programs and projects Vineet RAI is the Founder and CEO of Aavishkaar, a High Risk, High Return, High Impact Investor with a portfolio of 120 million (up from $1 million in 2005) invested in 37 companies in South Asia. Together with its group association Intellecap, Aavishkaar has pioneered significant number of initiatives in the impact investing and microfinance space including Angel Investing, Micro Equity, Early stage investing, venture debt etc in India. Aavishkaar is now in the process of establishing also a South-East Asia Fund. Vidhura RALAPANAWE, is the Manager for Sustainability and Communication at MAS Apparel Ltd in Sri Lanka. MAS Apparel is producing clothes in Sri Lanka and in Bangladesh by employing and outsourcing to poor producers. The company supplements its inclusive business work with a strong corporate social responsibility approach.

Anuradha RAMACHANDRAN is Director for Investments at the Omidyar Network India. Omidyar Network is a philanthropic investment firm that promotes Inclusive Business worldwide. Established in 1995 by eBay founder Pierre and Pam Omidyar through the non-profit Omidyar Foundation as a platform to give equal access to information to everybody, Omidyar Network makes investments in for-profit companies and funder-funds as well as grants to nonprofit organizations, with social impact being the unifying criterion for investment. It invests especially in scaling up for-profit companies that promote consumer 17 internet and mobile, financial inclusion, entrepreneurship, government transparency and property rights. Anuradha Ramachandran leads at Omidyar Network investments in medical technology and healthcare initiatives, and in education. Prior to joining Omidyar Network, Ms. Ramachandran worked at VentureEast, an early-stage venture capital fund in India, and at UTV Interactive and Cadila Pharmaceuticals. She began her career as a principal correspondent on the corporate reporting and equity analysis team for one of India‟s leading business dailies, The Financial Express. Anuradha holds an MBA in finance and a BS in physics from Madurai Kamaraj University. Jonathan PAUL is a financial professional – now with Duxton Assets Management in Singapore. He has 25 years experience at Salomon Brothers, Goldman Sachs and Deutsche Bank based in London, New York, Hong Kong and Singapore. At Deutsche Bank, he was Chairman of Global Markets in Asia and co-head of client coverage globally, when he advised many of the world's leading investors. He was the only executive to be a member of both the Global Markets (fixed income) and the Investment Banking Management Committees. During the past 4 years he built an event driven hedge fund which focused for 2 years on climate change. Taking a highly innovative approach, the fund identified regulatory changes or other hard catalysts within climate change that would cause changes in the value of equity securities or commodities. During this time he did research on the science of climate change, mitigation and adaptation and invested in the solar, wind, carbon and power sectors. During the last 2 years the fund concentrated on merger arbitrage, which seeks to benefit from the convergence of the price of securities of companies involved in mergers. Mr. Paul has extensive experience in fixed income, foreign exchange, hedge funds, public and private equity, derivatives and real estate. Jonathan studied Mechanical Engineering with German at the University of Bath. Luiz ROS is the Manager of the Opportunities for Majority (OM) Program of the Inter-American Development Bank (IDB), with responsibility for promoting and coordinating activities corresponding to the OM initiative. Before entering IDB in 2007, Mr. Ros was the Global Manager for Markets and Sustainable Enterprise at the World Resources Institute (WRI), where he built partnerships with venture capitalists, large corporations, business schools, and enterprise development institutions in key emerging economies to support sustainable investment that brought opportunities to underserved sectors of the population. He was an advisor to the DuPont company‟s presidency for Latin America, which was simultaneously the vice presidency of emerging markets growth. Mr. Ros has served as a member of the strategic board for VC III Stratus Investment Fund, based in São Paulo, Brazil, that supports small, sustainable businesses. He also served as a member of International Finance Corporation‟s advisory panel under the Sustainable Finance Initiative and the Latin America Financial Initiative Advisory Group of the United Nations Environmental Programme. Mr. Ros lectured at the Harvard Business School on private sector strategies to serve low-income markets in Latin America. Prior to joining the WRI, Mr. Ros was the Director of the National Environmental Fund at the Ministry of Environment in Brazil, where he was in charge of funding more than 100 projects, including those involving local communities and indigenous peoples in the Amazon region. He managed World Bank managing projects in Brazil financed by the Global Environmental Facility. Mr. Ros has undergraduate and graduate degrees in Economics and a Master of Science in International Relations and Environmental Economics from the University of Brasilia, Brazil. He was a visiting scholar at the state university of New York in Syracuse. He has been recently selected among the top six business leaders by Época Negócios, a leading business magazine in Brazil. Puneet RUSTAGI is the Director for Business Development at Husk Power in India. Husk Power Systems Inc. provides off-grid power to rural Indian villages. As of 2011, Husk Power Systems serves 150,000 people through its 60 systems in villages in India's states of Bihar, Tamil Nadu and West Bengal The mini-power plants have a capacity of 35-100 kW which delivers 18 electricity as a “pay-for-use” service using a point-to-point system that connects each household or business directly to the HPS power station. The power plants are set up after consultations with, and incur no fees from the villagers. Such structure also procures rice husk/feedstock at negotiated rates. The firm sets up village-wide distribution systems that wire each household, irrigation station, and commercial enterprise with electricity. Mr. Rustagi has over 5 years of experience in project finance, corporate finance and enterprise risk management. Presently, Puneet looks after strategy, finance and business expansion activities for Husk Power. In his last role at International Finance Corporation (World Bank), Puneet worked for their Infrastructure team in Asia and played a pivotal role in several energy investments amounting to over US$600 million. Puneet has also been a panelist speaker at several renewable energy conferences. He also serves as the co-chair of the UN working group on micro-grids which provides recommendations for the energy access sector. Puneet is a business management graduate from Delhi University. Arah SADAVA is the CEO of Thaneakea Phum Cambodia (TPC), a rapidly growing microfinance institution with a total asset of $56 million and strong growth in net income, return to equity and return to assets. The bank focuses on serving low income women in the rural parts of Cambodia with an average loan size of $365 for about 114,000 active clients. Ms. Sadava has over 15 years of experience in managing, and in extending advisory services to microfinance institutions and rural banks in Philippines, Uganda, Tanzania, Mozambique, Ghana, and Ethiopia, prior to joining TPC in October 2011. She worked as a Microfinance Specialist and Regional Manager for the Microenterprise Access to Banking Services (MABS) Program in Philippines from 1998-2004. Between 2006 and 2008, she to managed the transformation of the Small Enterprise Development Agency (SEDA) in Tanzania to qualify for the micro-deposit taking license. Arah joined Opportunity International in 2008, and served as the Chief Operations Officer of Faulu Tanzania Ltd. (now called Opportunity International Tanzania), and for a short while, of Banco Oportunidade de Mozambique. In 2009, she accepted the CEO post for a licensed non-bank financial institution in Ghana called Adehyeman Savings and Loans. Arah later moved to Ethiopia to serve as the Transformation Manager for East Africa for VisionFund International (VFI). Varun SAHNI is the Founder and CEO of Impact Investment Partner (IIP), a social impact fund in India. IIP‟s India Health Fund – the first fund focusing on health care investments for the low income groups in India - invests $5- 15 million in capital efficient healthcare businesses capable of scaling to serve the Indian mass-market. High impact, high return opportunities may include: single specialty hospitals, diagnostic centers, outpatient clinics, skills training and medical equipment manufacturing. The Fund can provide SME growth equity, structure PPPs and JVs with governments and leading foreign providers, and restructure non-profits as for-profit companies. The Fund will also build hybrid value- chains around portfolio companies with mission driven stakeholders to maximize Base of the Pyramid access. Mr. Sahni was previously the India Director for the Acumen Fund from 2005 – 2010, and is currently on the Healthcare Leadership Council of USAID‟s Market-based Partnerships for Health and on the Investment Committee of Ennovent Ventures. He is a member of the Executive Council of the Centre for Emerging Market Solutions at the Indian School of Business (ISB), a TED India Fellow, an Asia Society Global Young Leader and a Chevening Gurukul Scholar at the London School of Economics. Mr. Sahni has an MA from Columbia University. Sahba SOBHANI is a Team Leader in the Innovation and Development Alliances Cluster of the Bureau for External Relations and Advocacy of the United Nations Development Programme (UNDP). He is the Acting Manager of a global public private alliance commitment based-initiative, the Business Call to Action (BCtA), backed by 9 major organizations which aims to accelerate progress towards the Millennium Development Goals (MDGs) by challenging 19 companies to develop inclusive business models that offer the potential for both commercial success and development impact. He also serves as the Manager of the UNDP‟s Growing Inclusive Markets Initiative which was responsible for the development of UNDP‟s “Going Cashless” Strategy, which was implemented since 2009. It pioneered activities in cashless electronic transfers, including publications; advocacy activities in defining the role of private sector financial providers at the intersection of G2P; donor transfers and social protection; and designs and development support for electronic transfers, such as housing repairs in Haiti and new initiatives in Asia and Africa. He is also the lead author of the first GIM report, “Creating Value for All: Strategies for Doing Business with the Poor”, and the 2010 report titled “The MDGs: Everyone‟s Business”. He served also as the first Interim Director of the UNDP Istanbul International Center for Private Sector in Development (IICPSD) established in partnership with the Turkish Government. Previously, Mr. Sobhani managed private sector initiatives in the executive office of the former Administrator of UNDP, Lord Malloch Brown, including the Commission on the Private Sector and Development (headed by Paul Martin, the former Prime Minister of Canada, and Ernesto Zedillo, Mexico‟s former President), and the African Financial Markets Initiative. In this capacity, he was the co-author of “Unleashing Entrepreneurship” Report. He has also worked in the private sector at Idealab in Palo Alto and Newscom Limited in Singapore. He is a graduate of Yale University and the Fletcher School of Diplomacy. He is a dual national of the U.S. and Burkina Faso. Barbara SCHNELL is the Division Chief, Financial and Private Sector Asia, of the German Development bank (KfW) in Frankfurt. KfW is currently setting up an Inclusive Business Investment Fund for Asia. Andy SCHROETER is Co-Founder and Managing Director of Sunlabob Renewable Energy. Mr. Schroeter is a renewable energy specialist with over 25 years of experience. Sunlabob Renewable Energy, Ltd. is a Laos-based social enterprise specializing in renewable energy and clean water projects in developing areas of the world. The award-winning company provides an array of on- and off-grid, sustainable development solutions and services, ranging from solar power micro-grids and solar home systems to energy efficiency consulting and water pumping and purification. Mr. Schroeter and Sunlabob have garnered extensive international attention for pioneering operational models that enable self-sustaining village entrepreneurship and energy access in remote off-grid areas. Established in 2001, Sunlabob has grown from a 3-person operation focused on serving Laos, to a 40+ person company creating global impact, reaching approximately 600,000 direct beneficiaries throughout Southeast Asia, India, Africa and the Pacific Islands. Mr. Schroeter is the winner of various inclusive business awards. Anil SINHA is the Regional Head of IFC‟s South Asia Advisory Services Group. IFC Advisory Services offers advice, problem solving, and training to companies, industries, and governments, all aimed at helping private sector enterprises overcome obstacles to growth. We offer advice through nearly 1,100 Advisory Services staff in 85 offices across 73 countries. Funding comes from donor partners, IFC, and client contributions. In the financial year 2011, advisory services project expenditures totaled $206.7 million world-wide. Mr. Anil Sinha has nearly 30 years experience in private sector development ranging from project design and implementation to consulting, as he was also a former Managing Director of a project management and consulting company in Nigeria. He joint IFC in 1992 and has worked on private sector development in Africa, East Asia and South Asia, the UK and the US. He is currently the Regional Head of the South Asia Advisory Services, based in New Delhi. Durreen SHAHNAZ is Founder and Managing Director of Impact Investment Shujog (Shujog), and the Founder and Chairperson of Impact Investment Exchange Asia (IIX) in Singapore. Both IIX and Shujog are Social Enterprises which assist other Social Enterprises raise investment capital. Shujog focuses research, advocacy and impact assessments for the organizations. 20

IIX is the home of 3 investment platforms -- Impact Incubator (capital raising for start ups), Impact Partner (Asia's first private placement platform for Social Enterprises) and Impact Capital (trading platform for securities issued by Social Enterprises). Durreen is also Adjunct Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore. In a career spanning over two decades, Durreen has built a track record as a successful banker, media executive and social entrepreneur. Durreen began her professional career as an investment banker at Morgan Stanley (New York) followed by stints at Grameen Bank (Bangladesh), World Bank and IFC (Washington, D.C.), and Merrill Lynch (Hong Kong). As a media executive, she headed up the Asia operations of Hearst Magazine International, Reader‟s Digest Asia, and Asia City Publishing. She also founded, ran and sold oneNest, a Social Enterprise and global marketplace for handmade goods. Durreen is a TED 2010 Fellow as well as an Asia Society 21 Fellow. She is an appointed member of the World Economic Forum‟s Global Agenda Council on Social Innovation for 2011 and is on the advisory board for CASE i3 at Duke‟s Fuqua School of Business. Durreen is also the Social Entrepreneur in Residence for INSEAD‟s Social Entrepreneurship Catalyst Program. Durreen holds a BA from Smith College; a joint degree -- a MBA from the Wharton School at the University of Pennsylvania; and a MA from the School for Advanced International Studies at Johns Hopkins University. Vinod THOMAS is Director General of Independent Evaluation at the Asian Development Bank (ADB). The department (IED) reports to ADB‟s Board of Directors through the Development Effectiveness Committee. IED assess ADB‟s development effectiveness while providing lessons to help inform ADB‟s actions going forward. He is responsible for evaluating policies, programs, projects and technical assistance, as well as thematic issues at the regional, country, and sector levels. Taken together, the evaluations address the effectiveness of ADB‟s strategies, policies, practices, and procedures. Mr. Thomas also heads the review and selective validation of project and program completion reports from operational departments. He is in charge of tracking the response to evaluation recommendations, as well as supporting evaluation capacity development in member countries. Prior to joining ADB in 2011, Mr. Thomas was the Director-General and Senior Vice-President of the Independent Evaluation Group at the World Bank Group. He was formerly Country Director for Brazil and Vice- President (2001 to 2005), and Vice-President of the World Bank Institute. Mr. Thomas joined the World Bank in 1976 and held several positions, including Chief Economist for the East Asia and Pacific region, Director for the World Development Report, Chief of Trade Policy and Principal Economist for Colombia, and Economist for Bangladesh. Dr. Thomas has a PhD in Economics from of the University of Chicago, Masters degree from Western Michigan University and BA Honors from St Stephen‟s College, New Delhi. He authored numerous books, articles, and reports on macroeconomic, social and environmental issues. His books include “The Quality of Growth”, Oxford University Press, 2000, and the latest, with Xubei Luo, “Multilateral Banks and the Development Process” from Transaction Publishers released in October 2012. He has taught at Vassar College, New York and the University of Sao Paulo, Brazil, and has addressed professional and academic fora in all regions. Harsh VARMA is the Director of ____ in the Pragati Fund, a growth oriented Inclusive Business fund in India. Bernardino (Dino) VEGA is involved in both the Indonesian Chamber of Commerce & Industry and the Indonesia Business Council for Sustainable Development (IBCSD). IBCSD is a CEO-led association of companies operating in Indonesia, who share a commitment to promoting sustainable development through sustainable economic growth, ecological balance and social progress. Establishment by the Indonesia Chamber of Commerce in April 2011, IBCSD provides business leadership and advocacy, policy advice, and capacity building. The Council is part of the network of the World Business Council for Sustainable Development (WBCSD). Mr. Vega was the teamleader of ADB‟s Inclusive 21

Business market scoping study for Indonesia. He is also the Director of PT. Korpindo Konsultansi, a company that leads clients in designing a „triple bottom-line‟ approach in their CSR programs and innovation in public-private initiatives. He was a former member of the Board of PT. Sarana Sulut Ventura, a government-owned venture capital company. Dino was also a former chairman of the North Sulawesi Chamber of Commerce & Industry. He is currently a member of the Board of PT. ASA Engineering Pertama. Dino has a Master of Business Administration from the Providence College in USA, and a Bachelor Science in Civil Engineering from the School of Engineering, University of Southern California, Los Angeles- USA. Filippo VEGLIO is the Director for Development Focus Area in the World Business Council for Sustainable Development (WBCSD). Based in Geneva, Switzerland, the WBCSD is a CEO-led organization of forward-thinking companies that galvanizes the global business community to create a sustainable future for business, society and the environment. Together with its members, the council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. Members are made up of some of the globe's leading corporations spanning a wide range of sectors and geographies. Membership is open to companies committed to sustainable development and to promoting the role of eco-efficiency, innovation and corporate social responsibility. Filippo manages the WBCSD‟s development program promoting the role of business in driving greater social inclusion and sustainable development in emerging markets. Filippo is a Swiss national and is fluent in six languages. He holds a Master‟s Degree from the Graduate Institute of International and Development Studies in Geneva. He has been a professional tennis player and a member of the Swiss Davis Cup team. Lakshmi VENKATACHALAM is – since June 2010 - the Vice-President (Private Sector and Cofinancing Operations) of ADB. Ms. Venkatachalam leads ADB's initiatives in Private Sector and Cofinancing activities. Under its long-term Strategy 2020 Framework, ADB's activities in private sector development and private sector operations are targeted to reach 50% of its annual operations by 2020. Strategy 2020 also envisages a significant increase in ADB's partnership-based cofinancing activities by 2020. Ms. Venkatachalam will lead ADB's efforts in assisting development-oriented private sector projects in the region, with a clear focus on challenging sectors and regions, as well as in building and strengthening cofinancing partnerships with various official and commercial cofinanciers with a view to mobilizing investment capital for the region. Ms. Venkatachalam has over 30 years of experience in senior management positions. Prior to joining ADB she was the Director General of Shipping and Ex-Officio Additional Secretary for India's Ministry of Shipping, and Principal Secretary to the Government of Karnataka, overseeing, the departments of Commerce and Industry; Urban Development: Planning, Program Implementation, Economics and Statistics. Other previous posts include Chairperson of the Coffee Board of India, Commissioner of the Bangalore Development Authority, Director of India's Ministry of Steel, and Managing Director of the State Cooperative Marketing Federation in Karnataka. Ms. Venkatachalam, a national of India, holds an M.A. in Economics and Master in Business Administration from Boston University USA, and an M.A. in English from Jadavpur University in Calcutta, India. T. Patrick WALSH is the Founder and Chief Technical Officer of Greenlight Planet, a solar light company from India. Greenlight Planet has sold already about 3 million solarlights in Orissa (a state of India) and has is now pursuing a massive expansion plan for India and Africa. Mr. Walsh started Greenlight Planet Inc. while an undergraduate at the University of Illinois at Urbana- Champaign, from which he graduated in 2007 with degrees in Engineering Physics and Economics. With the NGO, Engineers Without Borders, he had spent a summer in rural India installing an experimental electricity generator. Living in an 22 unelectrified village, Patrick met a few of the two billion people around the world who still use dangerous and expensive kerosene lamps to light their homes. He realized people were not in need of charitable donations, but needed only an affordable and modern alternative light product. He designed Greenlight Planet's "Sun King" solar lantern as a direct replacement for the kerosene lamp: brighter and healthier, and cheap enough that people could buy it on their own, without subsidies. Patrick has become a recognized mass-affordability product designer, garnering notable awards from Lemelson-MIT, UNESCO, and the Lighting Africa program. YIN Mon Soe is a Supply Chain Manager at Proximity Designs, a social enterprise operating in Myanmar since 2004. Proximity Designs uses a design-centric approach identifying high-impact opportunities to boost agricultural productivity and increase income for smallholder farm families. The pioneering on-the-ground enterprise in Myanmar (Burma) designs, builds, and markets affordable products and services that vulnerable rural families use to transform their lives. The company has sold so far more than 110,000 income- boosting products such as foot-powered irrigation pumps, water storage tanks, drip irrigation systems, solar lighting, farm advisory services, and agricultural product financing, changing the lives of more than 2.4 million people. The company has over 300 full-time staff in Myanmar with offices located in Yangon and Mandalay. In 2012, the company won the Skoll Award for Social Entrepreneurship. In the past year alone, Proximity's products and services directly served over 97,000 rural households. Ms. Yin has built and now directly manages an extensive rural network of retailers, village kiosks, village entrepreneurs and sales staff - covering 80% of Myanmar's rural population. In the company, she is responsible for the distribution of Proximity's portfolio of products and services across rural Myanmar. Before becoming manager of Proximity's supply chain, she worked as a product designer at Proximity. A native of Myanmar, she was educated as an Electrical Engineer at Yangon Technical University. She was member of a joint-design team at the Hasso Plattner Institute of Design at Stanford University in California and has presented at an international product design conference in Addis Ababa, Ethiopia.