Currency Risk in Microfinancing: Fundamentals, Perspectives and Alternatives

When

This event took place on 8 Jun 2011 from 6:30 pm until 8:00 pm.

Details

Join us for presentations and a panel discussion about currency risk and microfinancing. There is a great deal of discussion about how to educate players in the microfinance world about currency risk and what strategies exist to manage it. We have invited professionals with experience in identifying and managing currency risk to help attendees better understand how currency risk presents in the microfinance area and to highlight different perspectives and experiences as to how currency risk management may be approached in different environments. In an age where risk management is paramount, and yet some methods of dealing with currency risk have been demonized or may face increased regulation, this is an important area for all players in the microfinance universe to develop an understanding.

Participants

Brian Cox

CEO of MFX Solutions: Prior to starting MFX, Brian ran the Europe and Eurasia Division at the U.S. Treasury Department and oversaw a $70 million fund supporting bank-based microfinance in Eastern Europe and the former Soviet Union.

Nuala Moreau

Nuala Moreau, former Treasury Manager at the European Bank for Reconstruction and Development. Nuala Moreau has worked in banking in Ireland, Australia and the U.K., she has significant experience in emerging markets and local currency transactions.

Ron Dadina

Ron Dadina serves as the Chief Credit Officer of Minlam Asset Management LLC, a microfinance fund that provides local currency debt financing to microfinance institutions globally. Mr. Dadina has over twenty years of experience in emerging market credit analysis and debt financing.

Caroline Norton Vance

Caroline Vance is an Assistant Vice President in Deutsche Bank's Community Development Finance Group, focusing on the management of microfinance funds with special responsibility for relationships in Central and Southeast Asia. She also manages the administration and investor relations of the FINCA Microfinance Fund B.V., a US$21.2 mm structured fund launched by Deu

Mary Rose Brusewitz

Mary Rose Brusewitz concentrates her practice on Latin American transactions - most recently in Argentina, Bolivia, Brazil, Colombia, the Dominican Republic, Mexico, Nicaragua, Perú and Venezuela - as well as Spain and Portugal. Ms. Brusewitz represents major Latin American companies as well as U.S., European, and Asian entities doing business in Latin America and elsewhere.

Microfinance Club of New York

Photographs by Rolando Villanueva, Tapas Banerjee, Michael Foley and Corjan Rink.