WEDNESDAY 9 MAY

Mobilising Impact Investments

Wadi Rum Hall, Ground Floor

Meeting the transition challenges in the EBRD region will require mobilisation of large scale capital from multiple sources: development finance institutions are part of the picture, but the private sector – institutional investors and asset managers, commercial banks and family offices, and philanthropic capital – has a big role to play.

Impact investing – investing with the intention to generate a measurable social and environmental impact alongside a market-based financial return – is a growing field, with more actors and more capital deployed each year. It is one of the many ways development actors and private capital together can help countries address their Sustainable Development Goals and Paris climate commitments.

This panel will explore ways in which international financial institutions like EBRD can partner with private capital in innovative ways to invest for and with impact. It will set the stage to explore winning strategies by companies, investors and development finance institutions to further the transition to well-functioning, sustainable market economies.

This Discussion Panel will be followed by a Reception.

 

Moderator

Laurie Spengler

President & CEO, Enclude Capital

Keynote

Jurgen Rigterink

First Vice Pdt. & Head of CS Group, EBRD

Speakers

Daniel Calderon

Chief Executive Officer, Alcazar Energy

Jay Collins

Vice-Chairman, Corporate and Investment Banking, Citigroup

Jacco Minnaar

Managing Director, Triodos Investment Management

Hashim Shawa

Chairman, Bank of Palestine Group

Muna Sukhtian

Managing Director, Microfund for Women

Daniel Calderon

Chief Executive Officer, Alcazar Energy

Daniel is the co-founder and CEO of Alcazar Energy Partners (AEP).

Prior to Alcazar Energy, Daniel worked at Masdar as the Head of Origination and Investment Management, acquiring, developing and operating projects in the renewable energy sector. He also worked at General Electric for 10 years in various M&A and Principal Investments roles in Asia, Europe, North and South America.

Daniel has developed several renewable energy projects including the first and second utility scale wind farms in the Middle East; two of the first solar PV plants in the UAE as well as in Jordan; the first solar CSP plant in the Middle East; the world’s first CSP Tower project with salt storage; and the world’s largest off-shore wind farm as of 2014.

He holds degrees in industrial engineering and finance from University of Massachusetts at Amherst (Cum-Laude) and an MBA from London Business School.

 

Jay Collins

Vice-Chairman, Corporate and Investment Banking, Citigroup

Jay Collins has covered governments his entire career. He currently covers governments as diverse and complex as the U.S. government as well as Emerging Market governments, such as the Philippines. Jay has held a variety of senior roles at Citi since 1997. Jay has responsibility for driving content, innovation and replicable solutions across Citi’s government client base. He has advised 46 different governments on privatizations, liability management and funding solutions, derivatives, and electronic banking services, including mobile finance and card solutions.

Jay is currently working with Citi’s government clients to (1) implement commodity, rates and FX risk mitigation techniques (2) reduce paper and cash processes (3) develop new and innovative funding strategies, including liability management (4) monetize state assets (5) utilize mobile financial solutions to improve financial inclusion and (6) enhance emergency financial preparedness.

 

Jacco Minnaar

Managing Director, Triodos Investment Management

Jacco Minnaar (1971) is Managing Director at Triodos Investment Management and Triodos Investment Advisory & Services B.V. He is member of the management board and responsible for the investment funds in non-listed assets, including infrastructure/renewable energy and inclusive finance in both Europe and Emerging Markets. Jacco has 22 years of experience working in the financial sector and investment industry. At Triodos Investment Management Jacco worked as Director Energy and Climate, fund manager Triodos Fair Share Fund and Regional Manager Africa and Latin America, responsible for both equity and debt investments in Emerging Markets. Before joining Triodos Investment Management in October 2006, Jacco worked as manager of the Financial Markets Development Program of International Finance Corporation (IFC) in the Mekong region. Jacco holds a Master of Science degree in Industrial Engineering and Management Science and is a CFA® charterholder.

 

Jurgen Rigterink

First Vice Pdt. & Head of CS Group, EBRD

In 2018 Jürgen Rigterink was appointed First Vice President of Client Services at the EBRD.

He has served in a variety of senior roles, including Sector Head for Central and Eastern Europe, Middle East and Africa at ABN AMRO. In 2005, he was appointed Chairman of the Management Board and Country Executive at ABN AMRO Bank Kazakhstan.  Jürgen was FMO’s Chief Investment Officer (2008-14) and Chief Risk and Finance Officer (2014-16) before becoming CEO and Chairman of FMO’s Management Board in 2016.

Jürgen has a master’s degree in economics from Rijksuniversiteit Groningen. He is member of the Supervisory Board of the KIT Royal Tropical Institute, a member of the Supervisory Board of the private equity investment holding company Arise and a member of the Advisory Board of the European Risk Management Council.

 

Hashim Shawa

Chairman, Bank of Palestine Group

Hashim Shawa is chairman of the Bank of Palestine Group, after having joined Bank of Palestine as chairman and general manager in 2007. The group has an Islamic banking arm (Arab Islamic Bank), a Fintech company (PalPay) and a brokerage investment arm (Al Wasata). Mr. Shawa began his banking career at Citigroup in 1997, where at Citigroup Italy he managed the group’s transition from the lira to the euro. In 2005 he joined HSBC Switzerland as director of MENA. Mr. Shawa is chairman of the boards of directors of Al-Wasata Securities Co., PalPay E-Payment Solutions, and Ibtikar Innovation Fund. He is a member of the Emerging Markets Advisory Council, as well as a member of the board of trustees of Bethlehem University and the World Economic Forum.

 

Laurie Spengler

President & CEO, Enclude Capital

Laurie J. Spengler is President and CEO of Enclude (formerly ShoreBank International Ltd. and Triodos Facet), a global advisory firm and impact investment bank dedicated to building inclusive, sustainable and prosperous local economies. She has over 25 years experience in strategy and transaction services, specifically capital raising, mergers and acquisitions, and private equity transactions where the purpose of the capital raised is linked to delivering positive social, environmental and development outcomes. Ms Spengler is an active member of the impact investing and development finance communities. Among her active board engagements, she serves as a member of the Executive Committee of the Aspen Network of Development Entrepreneurs, the UK National Advisory Board on Impact Investing and the CDC Group. Ms Spengler is also a member of the Council on Foreign Relations. Ms Spengler has a JD from Harvard University and an undergraduate degree from Stanford University.

Muna Sukhtian

Managing Director, Microfund for Women

She started her career as a management consultant in the US; moved back to work in her family’s pharmaceutical business. She then served as Chief of Staff to Her Majesty Queen Rania's Office. She is currently Managing Director of Microfund for Women. Muna was named Co-Chair of Women’s World Banking Board of Trustees, Founding Board Member in Sanadcom for Business Finance, Vice Chairman of Tanmeyeh Jordan Microfinance Network, she is also a board member at GMS Holdings, Queen Rania Award for Excellence in Education, Royal Film Commission & Abdulhameed Shoman Foundation. She has completed her term on the Washington-based Consultative Group to Assist the Poor, Queen Rania Teaching Academy & Greater Amman Municipality. She holds BA degree in Business - Harvard University & MBA - INSEAD.