News from AccessHolding Head Office

New Supervisory Board Members of AccessHolding

Berlin, 25 February 2015


AccessHolding is pleased to announce the appointment of two new members to its Supervisory Board (SB):  Mr. Michael Fiebig and Ms. Ritva Laukkanen.

Michael Fiebig has accumulated 17 years of experience in advising, managing, governing and investing in financial institutions in emerging markets. He currently serves as the Head of Financial Institutions Equity at responsAbility Investments AG, one of the world’s leading independent asset managers specializing in development-related sectors of emerging economies. Prior to joining responsAbility, Michael worked in leading capacities at Bankakademie (now Frankfurt School of Finance and Management), a Slovenian-Kosovar bank and a Swiss-based private equity boutique investing in banks across Eastern Europe. He has served as non-executive director for 10 banks, finance companies and funds in Eastern Europe, Central and South-East Asia, as well as Africa. He holds a Business Administration degree from Freie Universität Berlin.

Ritva Laukkanen has broad-based experience in investing in emerging markets as well as raising funding in international markets. She joined IFC, the private sector arm of the World Bank Group, in 1990 and held various technical and executive positions during her long career at IFC. During 2006-2011 she was Director, IFC Syndications, with a global responsibility to mobilize funding for IFC’s investments across all sectors, working closely with other development finance institutions and emerging market investors and financiers. Since 2012 Ritva has been primarily acting as a non-executive director, including currently chairing the Board of the Finnish development company, Finnfund. Ritva holds an Executive MBA from London Business School (Sloan Fellowship Program) and a Master’s degree in finance/business economics from the Helsinki School of Economics and Business Administration (nowadays Aalto University).

The incumbent Supervisory Board and Management Board members have welcomed Ritva and Michael in their new functions and are excited to be able to benefit from their guidance, experience and industry expertise.

Meanwile, Mr. Syed Aftab Ahmed has resigned from the Supervisory Board effective 31 December 2014. Aftab had been a member of the SB since the inception of AccessHolding in 2006 and has thus been accompanying and supporting the build-up of the company for more than eight years. The Shareholders as well as the members of the Supervisory Board and Management Board express their sincere gratitude for his irreplaceable stewardship and contribution to the development of AccessHolding and its network. Fortunately Aftab will stay within the Access cosmos in his capacity as a Board member of AccessBank in Azerbaijan.