VisionFund Announces Two New Board Members
LONDON – 14 January 2020. VisionFund International is pleased to announce the appointment of two new members to its board of directors; Kate Lam and Luis Hermosa.
Ms. Kate Lam has over 25 years of experience in finance, having held senior management positions at Deutsche Bank, Bear Stearns and Standard Chartered Bank. She is currently the Managing Director at Ideanomics, a global fintech company listed on NASDAQ where she is responsible for capital markets activities and products that encompass traditional and new digital finance. Ms.Lam has worked in both Asia and the United States, is an active alumni at the University of Pennsylvania, and also lectures and speaks on topics such as fintech, digital financial products, and digital transformation.
Mr. Luis Hermosa is an independent financial consultant. He is a Board member of World Vision Ecuador, and has also served on the boards of Guayaquil Stock Exchange, the Quito Stock Exchange, the Quito Chamber of Commerce, the Ecuadorian Association of Mutual Fund Administrators and Trust Funds, and the Ecuadorian Association of Brokerage Firms. Mr. Hermosa has served in various roles including as President, CEO, adviser, stock broker, portfolio administrator, analyst, and as a university lecturer. He is a graduate of the Universidad Tecnologica Equinoccial and received his MBA from the Universidad San Francisco de Quito.
“We are very pleased to welcome Kate and Luis to the VisionFund International Board of Directors, and we are grateful for their commitment to serve, leadership and expertise in the fields of fintech and finance,” said Michael Mithika, President and Chief Executive Officer of VisionFund International. “As we step into a new year of empowering lives through financial inclusion, working alongside World Vision in rural communities across the world, we are confident that we have the right leadership guidance and a talented workforce to make real impact.”
For more information about VisionFund’s leadership team, visit: Leadership at VisionFund
ABOUT VISIONFUND INTERNATIONAL
VisionFund International, World Vision’s microfinance subsidiary, has been improving the lives of children in the developing world for over 16 years. By offering small loans and other financial services, clients develop successful businesses, enabling their children to grow up healthy and educated. In FY2019, VisionFund International’s network of microfinance institutions provided loans to one million clients, with nearly three-quarters of these going to women and over a third to clients actively involved in farming. Repayment rates were 97.8%. Also, in FY2019, 3.5 million children were positively impacted through its MFI network located across 28 countries in Africa, Asia, Eastern Europe and Latin America.
For further information please visit: VisionFund.org
MEDIA CONTACT
Miyon Kautz - VisionFund International | + 1 253 777 6960 | miyon_kautz@wvi.org