Strong Corporate Governance Manoj Kumar Narayan Nambiar Piyush Goenka Vemuru Chandramouli Nitish Chawla Stephen Dongwon Lee Annual Report 2023-24 | 22 Wilhelmus Marthinus Maria Van Der Beek is a NonExecutive Nominee Director of the Company. He was nominated to Arohan’s Board of Directors by AG II. He has been a Director since December 5, 2016. He holds a Doctoral Degree in Economics and Business Economics from Erasmus University, Rotterdam and has completed the European Leadership Course 6 from Comenius Leergangen. He is the Founder of Goodwell Investments BV, and also manages the Aavishkaar Goodwell India Microfinance Development Company I Ltd. and AG II. Manoj Kumar Narayan Nambiar is the Managing Director of Arohan. He has been a Director since October 2012, when he was appointed as the Managing Director of Arohan with effect from October 3, 2012. He holds a Bachelor’s degree in Mechanical Engineering from VJTI and a Master’s degree in Management Studies from JBIMS, University of Bombay, and has tertiary qualifications in Insurance from the Insurance Institute of India. He has also completed the ‘Strategic Leadership in Microfinance’ course from Harvard Business School, USA, “Strategy meets Leadership” course from INSEAD, Fontainebleau, France, “Leading for Impact” from IMD Lausanne, Switzerland, and “Enabling Strategic Impact in the Boardroom” at London Business School, London in February 2024. He has worked with various companies in the fields of business development, consumer banking & finance and microfinance across India and the Middle East. His previous employers include Modi Xerox India Limited, Countrywide Consumer Financial Services Limited, ANZ Grindlays Bank, ABN Amro Bank N.V., National Bank of Oman, Alhamrani Company for Investment in Trade & Ahli Bank. He is the Vice Chairperson of the Group Executive Council at Aavishkaar, the holding company. He has served on the governing board of MFIN, the microfinance sector SRO recognised by the RBI for 7 years from 2013 including as its President from July 2015 to June 2016 and then as Chairman twice from July 2019 to June 2021. He is currently the Vice Chairperson of the Governing Board of MFIN, on the Board of Trustees AMFI WB and is also the Lead of the Steering Committee of the 37 MFI lenders in Assam liaising with the state government on the AMFIRS’21, the microfinance incentive & relief scheme 2021. Stephen Dongwon Lee is a Non-Executive Nominee Director of Arohan. He was nominated to our Board of Directors by Teachers Insurance and Annuity Association of America. Stephen is a Senior Director and Head of Asia on the Private Equity Impact Investing team at Nuveen. Prior to joining the firm in 2014, Stephen worked as Director of Access to Finance for Building Markets, a social enterprise based in New York that supports local businesses in post-conflict and developing countries. He has also held various positions at J.P. Morgan, Accenture and ATX Communications. Stephen graduated with a B.A. in Economics from the University of Pennsylvania, an M.B.A. from Georgetown University’s McDonough School of Business and an M.S. in Foreign Service with a concentration in International Development from Georgetown University’s Edmund A. Walsh School of Foreign Service. He is also a former Fulbright Scholar in Egypt. Piyush Goenka is a Non-Executive Nominee Director of the Company. He was nominated to Arohan’s Board of Directors by Tano. He has been a Director since March 31, 2015. He holds a Bachelor’s degree in Commerce from University of Calcutta and has completed the Post Graduate Programme in Management (equivalent to a Master’s degree in Business Administration) from Management Development Institute, Gurugram. He is a CFA Charter holder. He is the Founder and Managing Partner of Prath Ventures, an early-stage Venture Capital Fund. Earlier, he was a partner at Tano Capital for over 15 years, where he led investments in consumer, pharma, and financial services sectors. He has served on the boards of several portfolio companies. Prior to joining Tano, he worked with Infrastructure Leasing & Financial Services Limited, Export-Import Bank of India and First Global. Vemuru Chandramouli is a Non-Executive Nominee Director of the Company. He was nominated to Arohan’s Board of Directors by SIDBI. He has been a Director since May 12, 2023. He is a graduate in Electrical Engineering. He is currently working as a General Manager of SIDBI and has an overall experience of 30 years. He has also served as COO at TREDS/RXIL. Nitish Chawla is a Non-Executive Nominee Director of the Company. Nitish is an Investment Director at IFU, the Danish Development Finance Institution. Prior to joining IFU in 2020, Nitish has worked as an investment manager at a single family office where he managed the family’s investments in various businesses across logistics, renewable energy and water solutions, hospitality and real estate sectors. He started his career as a buy side equity research analyst, tracking the financial services and pharmaceutical sectors in India. Nitish is a graduate in Computer Science and an MBA from Indian Institute of Management Indore. He has also cleared all three levels of the CFA examination.
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