International Association of Microfinance Investors

Board of Directors

SCOTT J. BUDDE

Managing Director
TIAA-CREF

Scott Budde heads the Social & Community Investing department of TIAA-CREF, a financial services organization that provides investment and retirement planning services to those in the academic, medical, cultural and research fields. Scott oversees the organization’s $100 million Global Microfinance Investment Program, which invests in microfinance institutions worldwide. In this capacity, he represents TIAA-CREF as a shareholder of ProCredit Holding AG (a Frankfurt-based holding company for 23 microfinance banks) and on the advisory committee for Catalyst Microfinance Investors (an equity fund investing in ASA-related operations around the world).

Scott joined TIAA-CREF in 1994 as an Associate Director and Equity Analyst covering financial services stocks, following 12 years of financial, analytical and consulting positions with several financial services companies.

Scott holds an A.B. in Economics from Bowdoin College and a Masters in International Affairs from Columbia University, and was a Fulbright Scholar in Hungary. He holds the Chartered Financial Analyst (CFA) designation. Scott is Chairman of the International Association of Microfinance Investors. He is based in New York City.

GREG CASAGRANDE

Founder and President
South Pacific Business Development Foundation
MicroDreams

Greg Casagrande is the Founder and President of South Pacific Business Development Foundation (SPBD), the leading, and first, successful microfinance institution (MFI) in the Pacific Islands region. He is also founder of MicroDreams, a microfinance acceleration fund working with emerging MFIs in Africa, Latin America and the Pacific.

In addition to serving as Secretary of the International Association of Microfinance Investors, Greg is a founding board member of Microfinance Pasifika, a director of PlaNet Finance, and a fund advisor to Plebys. He also served on the United Nation’s Board of Patrons for its International Year of Microcredit - 2005. Greg is a frequent speaker at microfinance, micro-entrepreneurship and social entrepreneurship events globally. He is also an active microfinance investor.

Above and beyond his microfinance activities, Greg promotes hi-tech entrepreneurship. He is a founding director of the Ice Angels, Australasia’s largest angel group. He serves as Chairman of Biomatters, a bioinformatics company, and Chairman of English-To-Go, a digital English language solutions provider. Greg is also a director of Calcium, an e-marketing solutions company, and has passive private equity investments in several other hi-tech companies.

Prior to his involvement in microfinance and angel mentor capital, Greg recorded significant achievement with Ford Motor Company, Mazda Motor Company and Coopers and Lybrand in product development, manufacturing, marketing and financial management positions. He led teams in the U.S., Japan and Europe and was honored to be the youngest-ever Buchou (Division General Manager) of any major Japanese corporation.

Greg holds an MBA in Finance and Marketing from Kellogg School of Management, a master’s degree in Accounting from NYU Stern School of Business, a bachelor’s degree in Economics with high distinction from Colgate University and is a Certified Public Accountant.

AUDREY CHOI

Managing Director
Morgan Stanley

Audrey Choi is Head of Environment & Social Finance Group and the office of Community

Reinvestment at Morgan Stanley.

Prior to joining Morgan Stanley, Audrey held a variety of positions in the public and private

sectors. She served in the Clinton-Gore Administration in senior policy positions at the

Federal Communications Commission, the Commerce Department, and The White House.

In the White House, she was Chief of Staff of the Council of Economic Advisers, and Domestic

Policy Advisor to the Vice President.

Prior to her government service, Audrey was a bureau chief, foreign correspondent, and investigative reporter for The Wall Street Journal. Audrey also led organizational strategy for a private-equity portfolio company.

Audrey serves as Ambassador-at-Large for the international non-profit One Laptop Per Child, which is developing computers for children in developing countries. She was a Fulbright Scholar and White House Fellow. She graduated from Harvard College and has an MBA from Harvard Business School.

MAYA CHORENGEL

Co-Founder and Managing Director
Elevar Equity

     Maya Chorengel is a co-Founder and Managing Director of Elevar Equity,

     a leading global growth investor that provides equity capital to microfinance institutions

     and other companies focused on the underserved four billion at the base of the

     economic pyramid. Prior to co-founding Elevar, she was Managing Director of the

     Dignity Fund, a private investment fund that provides local currency debt financing to

     high-growth microfinance institutions in Asia, Latin America, Africa and Eastern Europe.

     Maya grew up in Asia, has long been active in international investing and is passionate

     about commercially viable, market based solutions to development challenges.

Before beginning her work in impact investing in 2005, Maya was at Warburg Pincus, working in

the private equity firm’s New York, Hong Kong and Menlo Park offices. She invested ina variety of companies spanning venture and growth capital to leveraged buyouts to post-Asian-crisis balance sheet restructurings in the US, South Korea, Hong Kong, India, China and the Philippines. She also previously worked as an investment banker at Morgan Stanley (Hong Kong and Singapore) and James D. Wolfensohn, Incorporated (New York).

Maya is a Board Member at the Dignity Fund, Silicon Valley Microfinance Network and Wokai and serves as an advisor to Water.org and MicroCredit Enterprises. Maya graduated with honors in Social Studies from Harvard College and has an MBA from Harvard Business School.

TRYFAN EVANS

Director
Omidyar-Tufts Microfinance Fund

Tryfan Evans is Director of the Omidyar-Tufts Microfinance Fund (OTMF) and is responsible for investment strategy and portfolio construction. OTMF is managed by and for the benefit of Tufts University and is one of the largest institutional investors in the microfinance sector.

Tryfan has investment experience in over 20 developing countries in Africa, Latin America, Eastern Europe, and South and Southeast Asia. He joined Tufts University Investment Office from the U.S. Agency for International Development, where he was Senior Credit Officer in the Office of Development Credit. Prior to working at USAID, Tryfan was appointed as a Presidential Management Fellow at the U.S. Export-Import Bank, where he provided analysis to senior staff and the Bank’s Board on new product development, country risk and trends in emerging market finance.

Tryfan is a Director on the Board of the International Association of Microfinance Investors (IAMFI). He has a masters degree in International Affairs from the Johns Hopkins University School of Advanced International Studies and a bachelors degree in Political Science from the University of Massachusetts at Amherst.

TERRI LECAMP

Founding Partner and Chief Operating Officer
Plainfield Asset Management

Terri Lecamp is Founding Partner and CEO of Plainfield Asset Management, which manages investment capital for institutions and high net worth individuals based in the United States and abroad.

Prior to joining Plainfield, Terri was the managing partner of TLC Partners, LLC, a strategy and financial advisory firm which she founded in 2001. From 1995 to 2001, she served as Staff Vice President - Corporate Development at Automatic Data Processing, Inc. From 1987 to 1995, Terri worked as an Associate and then a Vice President in the Investment Banking Division at Salomon Brothers Inc. During her tenure at Salomon, Terri worked on over $11 billion of financial restructurings and debt and equity financings

Terri is a Director on the Board of the International Association of Microfinance Investors (IAMFI). She received an M.B.A. in 1987 from Columbia Graduate School of Business, and a bachelors degree in 1983 in business administration from the University of Washington.

SCOTT J. BUDDE

GREG CASAGRANDE

AUDREY CHOI

MAYA CHORENGEL

TRYFAN EVANS

TERRI LECAMP

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