Board of Directors
Chairman of the Board
Ihno dedicated much of his professional life to asset and corporate finance. He served as Head of Financial Engineering Teams for the German branches of Chase Manhattan Bank and Crédit Agricole CIB before joining the structured finance division of Germany’s promotional bank KfW in 2008. He subsequently relocated to the South Africa office of KfW’s development finance division with responsibility for the energy and climate portfolio. Since 2016 Ihno specializes in financial sector development within KfW’s Africa divisions where he represents KfW’s shareholder interests in various impact investment funds, focusing on SME and micro-finance. Ihno is also a member of the board of directors of reponsAbility Participations AG, a Swiss-based equity fund specialized in investing in SMEs and in financial sector institutions in developing countries across the globe.
Having studied European Business Administration in France and Germany, Ihno graduated from the European School of Business and holds the Diplôme d'Etudes Supérieures Européennes de Management from Ecole Supérieure de Commerce in Reims/France.
Global Head of Microfinance and Financial Inclusion - IFC
She covers IFC’s microfinance investment and advisory activities globally, which exceeds cumulative investments of US$6 billion worldwide with over 300 MFIs, in addition to advisory services worth $63.7 million in 68 projects across 30 countries. This includes oversight of the work in Responsible Forum (which IFC manages for the GPFI/ G20), institutional transformation and capacity building – to better enable financial sector providers to provide diverse and reliable products and services to suit their clients’ needs. She is leading IFC’s efforts to scale up private sector commitments with strategic partners in the digital finance, microfinance and fintech space committed to achieving the World Bank Group’s Universal Financial Access by 2020. She was also a core member of the drafting team for the G20 Digital Financial Inclusion Principles. She also manages the IFC Boulder strategic partnership and hosts the training for Boulder- IFC Strategic Leadership in Microfinance which has trained almost 200 leaders in the financial inclusion space.
Momina brings over two decades of investment transaction experience in financial services, microfinance and manufacturing sectors in over 60 countries across Africa, Asia, Eastern Europe, MENA and LAC regions. Her technical expertise transforming institutions to become regulated banks, strategic and digital transformation and engaging with policymakers and industry players. She has spent the last four years heavily engaged with IFC’s financial inclusion efforts in China; including with leading banks and MFIs in digital transformation and fintech players. She was recognized as Global 100 top 100 women in FINTECH by Lattice80, a fintech hub.
Momina currently serves on the Supervisory Board of the Microfinance Initiative for Asia (MIFA), a US$175 million debt fund, launched by IFC and KFW and managed by Blue Orchard. Her experience prior to joining IFC includes work in the banking sector. Momina holds a Master’s degree in Economics with Distinction from the London School of Economics. She is based in Washington DC with her husband and two children.
Chief Executive Officer – Managing Director TCX
During his career, Ruurd served on the Board of Directors of financial institutions and investment funds in the US, UK, Nigeria, Cote d’Ivoire, Senegal, Mauretania, The Netherlands and lastly as chair of the Supervisory Board of REGMIFA. He joined the investment committees of several Africa focused funds, amongst which Emerging Africa Infrastructure Fund and Capital Alliance Private Equity, Nigeria. He currently chairs the IC of BIX Fund.
Ruurd started his career in 1993 at the United Nations Protection Force followed by the Dutch Ministry of Foreign Affairs in the private sector department.
Parallel to his professional career, Ruurd was lecturer International Finance at The Hague University of Applied Sciences and Guest Lecturer at the Erasmus University in Rotterdam/Institute of Social Studies. He thoroughly enjoys teaching on Banking, Emerging Markets and Financial Instability. He publishes frequently on same topics.
Prior to joining The Directors’ Office, Alan spent 11 years working for the IKANO Group (the IKANO Group is owned by the Kamprad Family, Ingvar Kamprad was the founder of the IKEA Group) where he was CFO, a conducting officer and executive director of the Investment Fund Management Division. At the time IKANO Funds held approximately EUR 5 Bn in funds under management, in a complex multi-manager structure employing some 28 assets managers from across the world. IKANO was one of the first companies to receive a fund management license under UCTS III.
Before joining IKANO in 1999, Alan spent 5 years working in Svenska Handelsbanken (one of Sweden’s largest banks), working mainly in corporate lending and debt restructuring. He trained as a Chartered Accountant at Deloitte where he has worked in Ireland, Luxembourg and Russia over a period of 7 years. Alan is a Fellow of Chartered Accountants Ireland and holds a bachelor’s degree from the University of Limerick in Business Studies (Finance) and from University College Dublin in Banking and Financial Services. He is a Licentiate of the Irish Institute of Bankers and a member of the Luxembourg Institute of Directors.
Jan Martin Witte
Director, Global Equity and Funds – KfW
Before joining KfW in 2009, Jan Martin was co-founder and Associate Director of the Global Public Policy Institute (GPPi) in Berlin, Germany. Jan Martin has published widely on issues of energy policy, international development, UN reform, global governance, and transatlantic relations.
Jan Martin holds a PhD and MA in international relations and international economics from the Nitze School of Advanced International Studies of Johns Hopkins University.
Principal Investment Officer & Microfinance Lead for Asia
Mr. Neeraj is a British Council Scholar and holds an MBA (Finance; Indira Gandhi National University, India), a B.Sc. (Honours, in Physics & Chemistry; Patna University, India), and post-graduate diplomas from the Indian Institute of Management, Lucknow, India; University of Wales, United Kingdom; and Darden Business School, University of Virginia, USA. He is a Chartered Associate of the Indian Institute of Bankers (CAIIB).
Chair of the Investment Committee
Following her retirement from IFC in 2016, her independent work has covered a variety of assignments: She was a member of the Board of Directors of an Indian NBFI from 2017 to 2019; and a financial structuring consultant with the International Fund for Agricultural Development (IFAD) in Rome, Italy, in 2018. Presently, Ms. Dutta-Sen is a member of the Investment Committee of the European Fund for South-East Europe (EFSE) and also serves as Chief Credit Officer (Consultant) at IFC for financial institutions in the LAC region (Latin America and Caribbean).
She represented KfW’s shareholder interests in various impact investment funds and engaged in bilateral financial inclusion programs, focusing on SME and micro-finance. Christine acted as member and chair of boards of directors, supervisory boards, investment committees and technical assistance investment committees of Luxembourg and Mauritius-based public-private structured funds.
As a Certified Management Accountant Christine worked in different roles, such as Resident Financial Manager for an international group in Vietnam, as CFO of an international structured finance investment joint venture in Indonesia, as consultant in financial services and commercial mediation in Japan, in restructuring of International Project Finance and as Principal Project Manager at KfW headquarters in Germany. Following her retirement from KfW in 2021 her work as independent consultant includes assignments as Commercial Mediator.