Posted on March 06, 2015

Dear Friends, Partners, and Colleagues,

I write with news on leadership developments across Enclude. With this team, we look ahead to new opportunities in offering “Capacity + Capital” solutions to advance our clients’ mission and business goals.

Within Enclude’s Capacity Solutions Business (CSB), we celebrate an exciting next step for a valued colleague and honour those Enclude team members stepping into expanded management roles:

jesse2After a decade of service with then-ShoreBank International and now Enclude, most recently as CSB Managing Director, Jesse Fripp is departing to become General Manager of the Aga Khan Agency for Microfinance. The Aga Khan Agency owns and manages the First Microfinance network of 11 banks, NBFCs and MFIs serving hundreds of thousands of households and small enterprises across Central and South Asia, MENA, and Sub-Saharan Africa. Jesse will be based in Geneva beginning in April. While he will be missed, we are proud to see Jesse transition to a significant operational leadership role with a truly exceptional organisation, confirming Enclude’s long-standing commitment to serving as an advisory firm composed of practitioners with the ability to deliver results in the real economy.

Roland Pearson is succeeding Jesse as CSB Managing Director, expanding responsibilities he has carried as Enclude’s imagePractice Director for Inclusive Finance. Roland brings nearly thirty years of business leadership experience and technical expertise in financial inclusion, capital transactions, and business development, with a particular focus on Sub-Saharan Africa. Before joining Enclude, Roland played pivotal roles in establishing three national financial institutions, two regulatory bodies, and an advocacy association. He also has raised, structured, or managed over half a billion of investment and social capital, especially for small businesses, microfinance, infrastructure, and affordable housing ventures.

SantoshSanthosh Thiruthimana moves to Washington, DC in April to broaden his role as Enclude’s Practice Director for Channels & Linkages. Santhosh most recently led implementation of a major payment platform project in India in partnership with the Bill & Melinda Gates Foundation (BMGF) and SubK iTransactions Ltd. He previously served as IFC’s South Asia Payments Team Lead, was Project Director for the Enclude-BMGF partnership that supported the launch and roll-out of bKash Ltd in Bangladesh, and was South Asia Regional Manager for ShoreBank International Ltd, following a career as a rural and SME banker in India.

Sönke Buschman continues as Practice Director for Sustainable Business Practices based in Sonke-BuschmannEnclude’s Netherlands offices, leading cutting-edge implementation advisory work in clean energy, green growth, and enterprise development. Previously, he led the Business Development Services unit for Triodos Facet after years working with Arcadis Euroconsult. Sönke has been expanding Enclude’s work with corporate actors, to strengthen their value & supply chains, as well as with donors and other funders seeking to stimulate “green growth” sectors where entrepreneurs can participate effectively.

Our Capital Advisory Services (CAS) business also welcomes new members as it expands to meet demand:

Steven van Weede (320 w)Steven van Weede became Enclude’s CAS Managing Director in November, 2014. Steven comes to us with 19 years of investment banking experience in various markets globally, including South Africa, where he worked first for Merrill Lynch and later for Citigroup. His commitment to inclusive growth and sustainable businesses in emerging economies led him to establish Gryphon Emerging Markets Ltd in 2007. Gryphon is an investment banking business that raises capital for SMEs in Central and Eastern Europe, South East Europe, Central Asia and India.

Adam Wescott joined Enclude in November as Transaction Lead based in London. Adam has Adam Westcott18 years of experience in banking, equity fundraising, M&A, and consulting. He has extensive corporate finance experience in London and Central Asia, including his most recent position as Director of Finance, Continuum Buying Agency. Adam served as Associate Director, Corporate Finance at Noble & Company and Vice President, Corporate Finance at Visor Capital.

PreethPreeth Gowdar joined Enclude in January as Transaction Lead based in Washington, DC. Preeth comes to Enclude from the US Task Force for Business and Stability Operations, which focused on rebuilding Afghanistan’s private sector. Preeth previously worked for Ernst & Young, Lok Capital and Accenture in India and the U.S.

Ian Callaghan remains affiliated with Enclude, serving as Senior Transaction Advisor. We Ian Callaghanappreciate his leadership of CAS to become an established, regulated business line and look forward to his continued relationship with Enclude.

The additions and management changes mentioned above strengthen the Enclude Capacity + Capital teams operating across the globe.

In closing, I share our definition of inclusivity as the underpinning of our Capacity + Capital work and our company motivation to build more sustainable local economies. This commitment also defines our industry engagements with you, our partners and clients: Enclude believes that “inclusion” goes far beyond just financial inclusion. To us, inclusion means that all people – regardless of their income or where they live – should be able to enjoy the higher standards of living afforded by advances in finance, communications, technology and science.

On behalf of the entire Enclude team, we look forward to working and learning with you in 2015 and beyond.

Best regards,

Laurie Spengler

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