INDEPENDENT BOARD MEMBERS
Michael BarthChairman Michael Barth has had a long and distinguished career in global emerging markets investing. He is currently Managing Partner of Washington based Barth & Associates LLC, an independent emerging markets investment advisory firm, and holds various board directorships. Between 2006 and 2012, he held different senior positions in Darby Overseas Investments Ltd., an emerging markets private equity firm. In 2005, Mr. Barth completed his term of over five years as Chief Executive Officer of FMO. In his last two years at FMO, he also served as Chairman of the European Association of Private Sector-Oriented Development Banks (EDFI). Prior to his tenure at FMO, he served as Director at the International Finance Corporation (IFC) and the World Bank.
Rob HoningDirector Rob Honing is a board member of Africinvest Private Credit since October 2018. He has a long career of 25 years in SME-banking. After a few years working as a Certified Public Accountant he joined Rabobank, an international cooperative bank established in the Netherlands. During his career within this bank he was responsible as a board member for several local banks within the Rabobank Group. Today he works with an international NGO established in the Netherlands where he is responsible for the financials of the international projects.
Richard ButlerDirector Richard Butler has worked in the global financial services sector for more than 35 years, most recently as Head of Corporate Finance for ING Group in the Americas. He was President and CEO of ING Capital’s US brokerage operations and served as board director at various insurance, financial services and micro finance companies as audit and governance committee chairman in the US and India. Prior to that he was a Managing Director at Chase Manhattan Bank in Cote d’Ivoire and New York. He started his international career in 1976 working with agriculture cooperatives and credit unions in Cameroon, Mali and Senegal for four years as a US Peace Corps Volunteer
ANTISH BUNDHUNDirector Antish Bundhun holds a Bachelor’s degree in Finance from the University of Mauritius. He has over 10 years of experience in the establishment and administration of international investment funds and companies. He has developed in depth knowledge of the financial services sector coupled with practical know-how on the operating, regulatory and compliance aspects of global business entities. Antish has spent nine years at SANNE Mauritius and one and a half year with IQ EQ. In November 2019, he joined Trident as Manager in the Fund Administration and Accounting department, monitoring a team of 22 staff. He handles a portfolio of clients consisting of high net worth individuals, institutional investors and multinationals. Antish also acts as Director on the Board of several entities administered by Trident.
Teemulsingh LuchowaDirector Teemulsingh ( Ashis) Luchowa : Ashis has worked in the Mauritius financial services industry since 2005, developing significant experience in tax, administration, company secretarial and investment fund related matters. He leads a team administering private equity funds, along with investment holding companies and other structures. Prior to joining Trident Trust, Ashis headed the Structuring, On-Boarding and Tax Compliance teams at an international provider of corporate fund administration services. Ashis holds a degree in Economics & Finance and a Masters in Business Administration. He speaks French and English.
VÄINÖ ESILÄObserver, Finnfund Väinö Esilä works at Finnfund (Finnish Fund for Industrial Cooperation) as a Portfolio Officer in the Financial Institutions Team. Mr. Esilä is currently responsible for the customer Financial Institutions’ portfolio administration. Prior to the current position he has worked over 20 years in OP Financial Group, both in bank analysis and bank relationship management including banks in emerging markets and developed markets. Prior to working at OP Financial Group Mr. Esilä has had several positions in the predecessors of current Nordea Bank, including in the associated bank International Moscow Bank in the Russian Federation. In addition to banking work, Mr. Esilä has experience from trading company business, and trade associations. Mr. Esilä has board experience from several trade associations and housing associations.
CREDIT COMMITTEE
Sally Gitonga is an experienced investments professional with over 20 years’ experience in the financial services sector, ranging from the banking sector, the private equity/venture capital industry, and impact investing. Sally has worked in various roles as Investment Director for the BUILD Fund at Bamboo Capital Partners, Director of Investments Portfolio at the Africa Enterprise Challenge Fund (AECF), as Country Manager (Kenya) for Business Partners International, and has experience in Corporate and SME Banking. Sally has also sat and continues to sit as an independent Investment Committee member in various Funds and Credit Institutions. She holds an MBA from United States International University (USIU-Africa), and a Bachelor of Arts degree in Economics and Sociology from the University of Nairobi. She is also a Certified Expert in Climate and Renewable Energy Finance, and a Certified Expert in ESG and Impact Investing – both from the Frankfurt School of Finance & Management. Sally is very keen and passionate to support growing businesses and contributing to the economic and sustainable development of emerging markets in Africa through the support of its Entrepreneurs.
DAVID KLINGENSMITH David has been in international banking and investing for more than 35 years in the US, Colombia, Pakistan, Hong Kong, the Philippines, Europe and Africa with various institutions including the Asian Development Bank and the Chase Manhattan Bank. For 20 years till 2013, he was at the EBRD, ultimately as CRO and managing director of risk. Since then, he has been on corporate and bank boards. He regularly advises and works as a consultant at Nestor Advisors (London) on corporate governance, risk, and value issues at board level. David is a graduate of Tulane University, and the Johns Hopkins School of Advanced International Studies
Stefan Nalletamby has over 37 years’ experience in international banking in both the public and private sectors. Since retirement from the African Development Bank (AfDB) in late 2022 Stefan has been advising intermittently several development finance institutions on both credit and strategic issues. Stefan spent 24 years at the AfDB in several roles; from 2013 to 2022 he set up and led, as Director, the Financial sector development department (AfDB) specialized in lending to African public and private sector financial institutions. Prior to that he spent 5 years as Coordinator of the “Making Finance Work for Africa Partnership”, a multi donor advocacy platform for the development of African financial systems and 9 years in the AfDB Treasury Department finishing his tenure as the AfDB Group Treasurer. He also represented the AfDB on several Boards in particular Afreximbank (11 years), Africa Guarantee Fund (AGF 4 years), Banque de Developpement des Etats des Grands Lacs (BDEGL; 3 years) where he was member of the Board and Risk, HR and Liquidity/Treasury committees and Board member of the AfDB Capital Markets Development Trust Fund (CMDTF 4 years). Prior to working at the AfDB he spent 12 years in the BNP Paribas Group working as a Bond Trader and Portfolio Manager in Paris, Tokyo and Madrid. He has an MBA from Thunderbird (AGSIM), Masters in Development Finance from Reading University and une Maitrise de Gestion from Paris IX Dauphine University. He is trilingual English, French and Spanish.
