Board of Directors

ZAKIR ABDRASHITOV,

Chairperson of the Board of Directors

Consultant accounting and tax law.
Since 2005, works closely with microfinance institutions and banks in the countries of Central Asia in the field of policies and procedures development and construction of internal control systems of the constructions.

Zakir worked as a consultant with international development institutions and international financial institutions to improve the quality and transparency of financial reporting in microfinance institutions in the Kyrgyz Republic and abroad, made an analysis of financial markets in the Central Asian countries for the development of micro-finance and leasing. He has held leadership positions in non-profit organizations of the Kyrgyz Republic, promoting the interests of business in the field of taxation.

Zakir Abdrashitov has a Bachelor of Accounting (Pennsylvania, USA), and a Master of Economic Sciences (Bishkek, Kyrgyzstan).

ELENA NELSON,

Member of the Board of Directors

Ms. Nelson has more than 30 years of experience with broad expertise in financial institution development, commercial banking, micro and rural finance institution operation, training and technical assistance program coordination.

As the Associate Vice President, Rural Finance Specialist of ACDI/VOCA she has:

  • Lead headquarters microfinance specialist responsible for implementing ACDI/VOCA rural and microfinance strategic direction, providing technical leadership and support to programs in 10 countries, providing financial analysis, systems of standard operating procedures, strategic and business planning for financial institution development and transformation.
  • Developed and managed an Internet database for financial institution performance monitoring, for improvement of financial management;
  • Developed a financial institution viability assessment tool, which she has applied as a pro rating tool and TA for financial institution development Malawi, Egypt, South Africa, Central Asia (Kyrgyzstan, Tajikistan),  Azerbaijan, Georgia and Indonesia;
  • Advised on regulatory issues for non-bank financial institution in Kyrgyzstan and Romania.

Ms. Nelson is also highly skilled in agricultural lending and investment project evaluation, with extensive experience in project design and management, international development efforts with international financial institutions; good knowledge of business management; successful experience in technical assistance program coordination.

 

NATALIA GALLIAMOVA,

Member of the Board of Directors

Chair Partner of Juridical agency “VERITAS”, lawyer, certified tax consultant. Professional legal expert , specializing on commercial legislation, banking, insurance and tax legislations. She has many years of professional experience in corporate governance and securities market, law enforcement and judicial practices in banking legislation, professionally aware of economic and financial questions.

Natalia is one of the initiators in developing the International Arbitration Tribunal in Kyrgyz Republic successfully functioning Arbitral institute on resolution of disputes in sphere of civil relations, also she is an active developer of legislation, which regulates arbitral hearing in Kyrgyzstan. For five years she was working on the position of Vice-President of the International Arbitration Court, also she is a member of Supervisory Board of Court. She is an arbiter of several arbitral institutes in Europe and Asia, full member of Arbitral Royal institute (London) MCIArb.

Natalia is developer of current law “On organization of Insurance in Kyrgyz Republic”, co-author and executive editor of the Commentary to the first part of Civil Code of the Kyrgyz Republic.

Natalia is an expert of Tax Consultants Chamber. For many years she headed the Board of Directors and Expert Council of Chamber.

In the contest “Person of the year”, Natalia was recognized as the best lawyer in Kyrgyzstan.

Natalia has diploma of engineer-economist (Moscow Technological Institute) and diploma of lawyer (Kyrgyz National University).

   TILEK  ASHIMOV,

Member of the Board of Directors

Since 2009 he acts as the president of Microcredit Agency “Bai-Tushum” Financial Fund. Tilek has 7 years of professional experience as a Chairman of Board of Directors in one of the leading commercial banks – RSK Bank. During his work in RSK Bank, the Bank has experienced the transformation from the company into the bank.

Tilek also gained a great professional experience working in the position of General Director in Financial Company for the support and development of Credit Unions (FCSDCU), Tilek was on roots of micro-lending system creation, he made a significant contribution to this system, through delivery of assistance to credit union system development.

He has work experience in the National Bank of the Kyrgyz Republic as a senior expert on foreign investments and technical assistance.

Tilek has university degree in Economics; he studied in the leading universities of Kazakhstan and Kyrgyzstan. He has graduated from Almaty Institute of National Economy and Kyrgyz National University.

He completed internship in Drezdner Bank AG, Cologne (Germany ) within this program he has participated in career enhancement program for Carl Duisberg Association managers . In 1993 he completed a four-month internship in Commerzbank, Frankfurt.

JOACHIM BALD,

Member of the Board of Directors

Independent consultant representing ResponsAbility Social Investments AG (Switzerland) and Practice Leader Risk Management at Frankfurt School of Finance & Management (Germany). Joachim is an expert in Treasury, Credit and Operational Risk in emerging / developing markets. Since 2001, he has built up an extensive track record with microfinance institutions, banks and microfinance investment funds in more than 30 countries.

Joachim started his career in 1990 in the International Banking Division of Commerzbank AG, Frankfurt. In 1995 he accepted an international faculty appointment at Oregon State University in Corvallis. From 1999 to 2004, he worked for Deutsche Börse Systems, the IT division of the German stock exchange and international derivatives markets operator. From 2001 to 2004, he served as Vice President of the Deutsche Börse US subsidiary in Chicago.

Joachim holds a German MBA (Dipl.-Kfm), a doctorate in economics and is also a US Certified Management Accountant. Joachim is fluent in English, French, German and Russian.

   CHRISTIAN RUEHMER,

Member of the Board of Directors

Senior Risk Manager, Expert Advisor and Consultant in the area of Risk Management, Treasury, and Efficiency Management for banks, funds, and MFIs. He is the Risk and Compliance Manager of Bamboo Finance, a Geneva based Private Equity Fund for impact investments with global presence.

Christian has over 25 years of experience in banking and has worked in several large international banks, primarily in the areas or Risk Management, Treasury, Credit Portfolio Management, and Investment Management in various locations. Between 1991 and 2005 he worked for Deutsche Bank where, among others, he was the Deputy Treasurer of Deutsche Bank in Spain, headed the Deal Management Team of the Bank’s Loan Portfolio Management Group and worked as an Assistant to the Management Board. At WestLB, he headed the Investment Management Team in the US and managed the Work-Out and Restructuring practice.

Since 2001, Christian also worked as consultant for Risk Management and Efficiency Management where he advised over 70 MFIs and banks as well as several international organizations. He has supported institutions with the implementation of Risk Management Frameworks and, Treasury operations

Christian is the founder and president of Proyecto Horizonte, a community development program in Bolivia, which serves over 800 children and their families with programs in education, health care and community services since 2004.

He graduated from Hochschule für Bankwirtschaft in Frankfurt, Germany with a Diploma in Banking and Finance is also a Chartered Financial Analyst (CFA) and a Financial Risk Manager (FRM).

ORSOLYA FARKAS,

Member of the Board of Directors

Ms. Orsolya Farkas is a Regional Manager for Triple Jump B.V, one of the leading microfinance fund managers in the world. Ms. Farkas is responsible for a portfolio of debt and equity investments in microfinance institutions in Asia, Africa and the Middle East. Previously, she had worked for the Council of Europe Development Bank situated Paris as Country Manager for Bulgaria and Hungary. During that time she managed a portfolio of loans to commercial banks and governments aimed at financing environmental, social housing, municipal infrastructure and small enterprise projects. In her current position, she regularly performs due diligence missions covering strategy, governance, risk management, lending methodology and social performance. She sits on the board of three microfinance institutions in Africa and one in Central Asia.