Board of Directors

Johannes Feist
Chairperson of the Board of Directors of the MEF – Head of Division Financial Systems Development Southern Africa and Regional Funds at KfW

Besides being the Chairman of the Board of Directors of Microfinance Enhancement Facility (MEF), Johannes Feist also serves as Member of the Boards of Finca Microfinance Holding – a global network of 21 MFIs – and Responsability Renewable Energy Holding - a company developing and operating renewable energy systems in Africa. Until autumn 2015 he was Secretary General of the International Development Finance Club (IDFC), an association of 22 development banks from across all continents. He has over 17 years’ experience in financial services and economic development based on a progressive career at KfW, a German development bank. At KfW, he was the Resident Director in Kosovo and Serbia, led KfW’s promotional activities in the EU and managed KfW’s corporate strategy department. Since April 2015, he heads the division for “Financial System Development in Southern Africa and Regional Funds”, therewith being responsible for most of KfW’s equity investments in Africa and cross-continental. Before joining development finance, Johannes served in the German security and defense establishment. He holds a PhD and a Master Degree in Economics, from Universities of Munich (Germany) and Bordeaux (France).

Robert Peck Christen
Boulder Institute of Microfinance

Bob Christen has recently returned to the Boulder Institute of Microfinance after almost five years as Director of Financial Services for the Poor at the Bill & Melinda Gates Foundation. He was Senior Advisor to the Consultative Group to Assist the Poorest (CGAP ) at the World Bank from 1998-2004; and has founded a number of important initiatives that serve the industry including the Boulder Institute of Microfinance and the Microfinance Information Exchange (MIX). Mr. Christen has written widely on financial services for the poor.

Andrea Hagmann
Member of the Executive Board of the OeEB

Ms. Hagmann is Member of the Executive Board of the OeEB, the Development Bank of Austria. Before, she used to work for the Austrian´s Export credit agency Oesterreichische Kontrollbank in various positions. She graduated from Vienna University of Economics and Business Adminstration.

Ms. Hagmann has been involved in the promotion of the topic "private sector development in developing countries" in Austria for many years and played an active part in the set up of frameworks and the establishment of the Development Bank of Austria. The Bank entered the market in March 2008 and has been a member of EDFI (European Development Finance Institutions) since then.

Martin Holtmann
Head of the Microfinance Group in the IFC's Global Financial Markets Department

Martin Holtmann heads the Microfinance Group in the IFC's Global Financial Markets Department. Mr Holtmann started in commercial banking with Deutsche Bank in Buenos Aires and then spent twelve years as Bank Advisor and Program Manager with IPC, a firm specializing in microfinance consulting and management services for the Procredit microfinance and SME banks.

During the early 1990s, Mr Holtmann lived and worked as a Bank Advisor in Latin America and Africa (Cajas Municipales in Peru, WWB Colombia, Centenary Bank Uganda). From 1995 to 2001, he managed the EBRD Russia Small Business Fund, a massive micro and small business lending program for commercial banks. He has designed and implemented several greenfield banks in Russia, Ukraine, Armenia and Romania. From 1997 until 2002, Mr Holtmann was one of the four managing directors of IPC and in charge of the firm's Eastern European operations. Mr Holtmann has been on the faculty of the Boulder Microfinance Training Programme since 1996. Mr Holtmann is also the author of a range of publications on micro and small business finance and on the design of staff incentive schemes, including employee stock ownership plans (ESOPs). Martin is a graduate of the L.B. Pearson United World College of the Pacific in Victoria, B.C., Canada, and he holds Master's degrees from Trier University (Business Economics) and Harvard (Public Administration).

Constanze Kreiss
Senior Sector Economist at KfW

Constanze Kreiss is an economist with 15 years experience in banking and development finance. After having worked as a consultant in SME and microfinance projects for several years, she joined KfW in 2008. She specialized in financial sector development and structured and implemented several micro-, SME and energy efficiency/renewable energy funds with a worldwide focus. She has broad experience in the management of structured funds and holds Board seats in several funds initiated by KfW. Currently, Constanze Kreiss is a Director of the Regional Education Finance Fund for Africa (REFFA), the Global Climate Partnership Fund (GCPF) and the Fairtrade Access Fund (FAF).

Angus Macrae
Head of the Equity and Microfinance division at the European Investment Bank

Angus Macrae heads up the Equity and Microfinance division at the European Investment Bank. Over the last six years he has been responsible for equity investments in and loans to numerous banks, funds and microfinance institutions in the MENA region and in Sub-Saharan Africa. Mr Macrae started his career with Linklaters in London before moving to Luxembourg and spending 10 years in infrastructure finance, working across asset classes in the European PPP markets. Mr Macrae holds a degree in modern languages from Oxford University, an MBA from CASS Business School and is a qualified solicitor.

Investment Committee

Dr Klaus Glaubit
Chairman of the Investment Committee of the MEF

He previously headed the Competence Center for Financial Sector Promotion at KfW Entwicklungsbank, until retiring from KfW in October 2009. His other responsibilities there included that of Division Chief Eastern Europe (Sector and Policy Division for Private Development and Finance). Dr. Glaubitt has a vast international expertise in driving value in socially and financially responsible banks. He has acquired in-depth knowledge and experience as to structured microfinance funds in the form of public private partnerships in pursuit of risk-sharing and efficient social and economic impact. He has an intimate know how about small and medium enterprise finance. He is the author of several books and essays on development economics.

At present he is member of the Board of Directors of two banks in Eastern Europe and one in Africa. Furthermore, he is chairing the advisory group of a regional fund and is a member of the shareholders advisory committee of an inclusive finance equity fund.

Syed Aftab Ahmed
Member of board of directors and investment committees

Syed Aftab Ahmed worked with the International Finance Corporation (IFC) in various capacities, from August 1989 till his retirement in December 2006. The last position he held at IFC was that of Senior Manager, in charge of implementing IFC's global Microfinance Strategy and investment programme. Since his retirement, IFC has nominated him on the Board of Directors and the investment committees of some of its portfolio banks and financial institutions.At present, Mr Ahmed is a member of the board of directors of the Access Bank Azerbaijan, the European Fund for Southeast Europe (EFSE), Luxembourg, and the Green for Growth Fund (GGF), Luxembourg. Mr. Ahmed is also a member of the Investment Committee of the EFSE and of the Microfinance Enhancement Facility (MEF), Luxembourg.

Karlo de Waal
Member of boards and investment committees of several financial institutions

Karlo de Waal has more than 30 years of experience in development finance. He started his career with the UN in Zambia and Mexico, and then joined the Netherlands Development Finance Company (FMO) in 1977. Until his retirement in 2006 he was active worldwide in financial assistance to private corporate businesses as well as financial institutions, serving a.o. as Regional Manager for Latin America & the Caribbean, and Regional Manager for Eastern Europe & Central Asia.

Since his retirement in 2006 he has been on the boards and investment committees of several financial institutions.

Michael Neumayr
Member of boards and investment committees of several financial institutions

Michael Neumayr started his career in international commercial banking with major Austrian banks in 1982. From 2002 until 2008 he was Executive Director and Member of the Board of Directors at the European Bank for Reconstruction and Development (EBRD) in London, representing Austria and five other shareholder countries. Since 2008, he is an independent business advisor and member of supervisory boards and investment committees of several financial institutions (including the Microfinance sector).