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About FAI

Advisors

The Financial Access Initiative Advisors Group includes recognized leading experts from around the world in development, banking, microfinance and serving mass markets. Advisors play an essential dual role: first, helping to review the agenda for the target audiences of policymakers, donors and practitioners and, second, aiding in diffusing the knowledge as it is created. Advisors provide substantive advice for the development of the Financial Access Initiative.

Matthew Bishop

Chief Business Writer/American Business Editor, The Economist
United States
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Matthew Bishop is Chief Business Writer/American Business Editor of The Economist. He also serves as the New York Bureau Chief. Matthew is the author of several Economist special survey supplements, including most recently "The Business of Giving", which looks at the industrial revolution taking place in philanthropy; "Kings of Capitalism", which anticipated and analysed the recent boom in private equity; and "Capitalism and its Troubles", an examination of the impact of problems such as the collapse of Enron. Matthew is the author of "Essential Economics", the official Economist layperson's guide to economics. Before joining The Economist, Matthew was on the faculty of London Business School, where he co-authored three books for the Oxford University Press, on subjects ranging from privatisation and regulation to corporate mergers. Matthew has served as a member of the Sykes Commission on the investment system in the 21st Century. He was also on the Advisors Group of the United Nations International Year of Microcredit 2005. He has been honoured as a Young Global Leader by the World Economic Forum and is an Oxford University graduate.

Frank F. DeGiovanni

Director, Economic Development, Asset Building and Community Development Program, Ford Foundation
United States
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The Economic Development Unit of the Asset Building and Community Development Program unit seeks to make durable economic improvements in the lives of disadvantaged people and in their communities by supporting, through grants and Program Related Investments (PRIs), a set of focused initiatives in development finance, enterprise development, workforce development, housing, savings and individual asset development. Prior to assuming this position in 1996, DeGiovanni was Deputy Director of Program Related Investments at the Ford Foundation, where he was responsible for creating and monitoring a diverse loan portfolio of organizations promoting community and economic development in the United States and internationally. Before joining the Ford Foundation in 1992, he was an associate professor and senior research associate at the New School for Social Research in New York City, where he researched and taught graduate-level courses in housing and community development, urban political economy, and policy analysis. From 1985 to 1987, he was the department chairperson of Pratt Institute’s Department of City and Regional Planning in Brooklyn, where he administered the affairs of the department while teaching and consulting on projects in housing and community development. DeGiovanni has a Ph.D. and Master of Regional Planning in city and regional planning from the University of North Carolina, Chapel Hill.

Lynn Forester De Rothschild

Founder and Chief Executive, E L Rothschild LLC
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Since June 2002, Lady de Rothschild has been the Chief Executive of E.L Rothschild LLC, a private investment company that focuses on India.  Since 2004, she has also been Co-Chair of FieldFresh Pvt. Ltd, a 50-50 joint venture with Bharti Enterprises, established to develop the Indian agricultural sector in India.  From 1990 to 2002, she was President and Chief Executive Officer of FirstMark Holdings, Inc., which owned and managed various telecommunications companies worldwide.  She was Executive Vice President for Development at Metromedia Telecommunications, Inc. from 1984 to 1989. She began her career in 1980 as an associate at the law firm of Simpson, Thacher and Bartlett LLP in New York City, where she practiced corporate law. Lady de Rothschild has been a director of The Estee Lauder Companies since December 2000, and The Economist Newspaper Limited (member of the Audit Committee) since October 2002.   She is also a trustee of the American Fund for the Tate, the Outward Bound Trust (UK), the Alfred Herrhausen Society of International Dialogue (Deutsche Bank) and an Advisor to the Deutsche Bank Microfinance Consortium. 

Lady de Rothschild is a member of the Chatham House, Council on Foreign Relations and the Foreign Policy Association, and she served as a member of the National Information Infrastructure Advisory Committee and as the Secretary of Energy Advisory Board under President Clinton.  She graduated from Pomona College in Claremont, California (1976) and received a law degree from Columbia University in New York City (1980).

Miranda Goeltom

Senior Deputy Governor, Bank of Indonesia
Indonesia
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Miranda S. Goeltom earned a Bachelor's Degree in Economics (Sarjana Ekonomi) from University of Indonesia, Jakarta, and a Master's Degree and a PhD Degree in Economics from the Graduate School of Economics at Boston University, Massachusetts, USA.

She is a Professor of Economics at the University of Indonesia where she has been lecturing since 1973. Since 1976, she has done extensive research in many areas during her term as Senior Research Associate at the country’s renowned Institute for Economic and Social Research (LPEM –FEUI) in Jakarta. During 1993-1997, she served as Assistant Deputy to The Coordinating Minister of Economics, Finance and Development of the Republic of Indonesia, in charge of Monetary and Fiscal Policies. Thereafter, during 1997-2003, she was appointed to become the Deputy Governor of Bank Indonesia where she also served as the Alternate Governor for Indonesia in the World Bank. On June 26, 2004, she was promoted to be the Vice Governor and Senior Deputy Governor of Bank Indonesia by Presidential Decree Number 98/M of 2004. She has been avid lover of music, art history and collector of antique art subjects. She is the chairperson of the Indonesian Arts Foundation (YSRI), the Indonesian Ceramic Society (HKI), the Nusantara Symphony Orchestra, and the Society of Jakarta Old-Town Revitalization (JOK-Kotaku).

Michael Kremer

Gates Professor of Developing Societies, Harvard University
United States
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Kremer is the Gates Professor of Developing Societies in the Department of Economics at Harvard University and Senior Fellow at the Brookings Institution. He is a Fellow of the American Academy of Arts and Sciences, a recipient of a MacArthur Fellowship and a Presidential Faculty Fellowship, and was named a Young Global Leader by the World Economic Forum.

Kremer’s recent research examines education and health in developing countries, immigration, and globalization. Kremer founded and was the first executive director of WorldTeach, a non-profit organization which places 360 volunteer teachers annually in developing countries. He is a 2005 recipient of the International Health Economics Association’s Kenneth J. Arrow Award for Best Paper in Health Economics. In 2006, Scientific American named him one of the 50 researchers of the year. His articles have been published in journals including the American Economic Review, Econometrica, and the Quarterly Journal of Economics.

Marge Magner

Managing Partner, Brysam
United States
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Magner is a founding partner of Brysam Global Partners, a private equity firm. She served as Chairman and Chief Executive Officer of the Global Consumer Group for Citigroup, Inc., a financial services company, from 2003 until 2005. Before that she served as Chief Operating Officer of the Citigroup Global Consumer Group from 2002 until 2003 and Chief Administrative Officer and Senior Executive Vice President of the Global Consumer Group from 2000 until 2002. She joined Commercial Credit, a predecessor company to Citigroup, in 1987.

Magner is a director of The Charles Schwab Corporation, a financial services company, Gannet Company, Inc., a publishing company, and Accenture Ltd., a management consulting and technology services company. She also serves as Chairman of the Brooklyn College Foundation Board of Trustees and is a member of the Dean’s Advisor Council of the Krannert School of Management at Purdue University, as well as serving on the boards of Do Something and Millennium Promise.  She holds a BS in psychology from Brooklyn College and a Master of Science in Industrial Administration from the Krannert School of Management, Purdue University.

Sunil Sanghvi

Director, McKinsey & Company
United States
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Sunil Sanghvi is a Director in the Chicago Office of McKinsey & Company.  He is the leader of McKinsey’s Global Economic Development Practice and a leader in McKinsey's Chemicals and Agribusiness Practice areas as well.  Mr. Sanghvi has served clients on a variety of strategic organizational and operational issues, recent examples including:

Economic development - for a leading foundation, development of their strategies and grant making approach around small holder agriculture; for a group of leading U.S. NGOs, an approach to more effective collaboration towards the millennium development goals.

Agriculture - for an agricultural products company, a multiyear growth program, including major thrusts around technology and geographic growth supported by substantial merger and acquisition activities for a leading fertilizer producer, a growth strategy.

Chemicals - for a petrochemicals player, reshaping of the corporate portfolio as well as strategies for several businesses; for a leading specialty chemicals company, a holistic plan to increase stock market valuation.

Mr. Sanghvi has been with McKinsey for twenty years.  He has also worked at the World Bank around China agriculture and at Chevron Corporation as a process engineer.  Mr. Sanghvi obtained his M.B.A. from the Graduate School of Business at Stanford University and his B.S. and M.S. degrees in chemical engineering from M.I.T.  He is married and has three daughters.  He is active in international development efforts. He enjoys adventure travel and most sports including football and golf.

Diana Taylor

Managing Director, Wolfensohn & Co.
United States
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Diana Taylor joined Wolfensohn & Co., an investment banking firm, as a Managing Director in April, 2007.  She has more than 20 years of experience serving in both the public and private sectors.  She started her career as an investment banker, working for Smith Barney, then Lehman Brothers, then Donaldson Lufkin & Jenrette.  She then held various positions in the State government, including Chief Financial Officer of the Long Island Power Authority, and Deputy Secretary to the Governor for Housing and Finance.  From 2003 to 2007 she held the position of Superintendent of Banks for the State of New York, a post to which she was nominated by Governor George Pataki and confirmed by the State Senate.

Ms. Taylor serves on the Board of Directors of Sotheby’s and Brookfield Properties.  In addition, she serves on several not for profit boards, including Mailman School of Public Health at Columbia University, the New York Women’s Foundation, the International Women’s Health Coalition, and ACCION International, and she chairs a commission for the Federal Depository Insurance Corporation concentrating on financially underserved communities.  Ms. Taylor is a member of the Council on Foreign Relations.

Amando M. Tetangco

Governor, Central Bank of the Philippines
Philippines
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Mr. Amando M. Tetangco, Jr., 52, was the Deputy Governor of the Bangko Sentral ng Pilipinas in-charge of the Banking Services Sector, Economic Research and Treasury. In this capacity, he was directly involved in the formulation and implementation of monetary and foreign exchange policy of the Bank, including the conduct of open market operations and the management of BSP's international reserves. The monitoring and management of the country's external obligations, and the administration of existing policies on foreign loans and investments also fall under his area of responsibility. He looks after BSP's domestic credit operations particularly rediscounting and the other financing facilities available to banks and other financial institutions, and the management and disposition of acquired assets. He also oversees the Bank's cash operations that include the issuance, distribution, and retirement of currency notes and coins in the Philippines.

Mr. Tetangco sits in various boards, including the National Economic and Development Authority (NEDA) Board (chaired by the President of the Philippines), National Food Authority (NFA) Council, and Industrial Guarantee and Loan Fund (IGLF) Review Committee, as the representative of BSP.

Before joining the Central Bank of the Philippines in 1974, Mr. Tetangco was with the Management Services Division of SGV & Co. for about one year. Mr. Tetangco served as Alternate Executive Director of the International Monetary Fund in Washington, D.C. in 1992-1994. There he participated in policy making in the IMF Executive Board and was involved in providing economic policy advice to various governments in the context of IMF Board meetings, and during visits to member countries. He has been closely involved in the activities of various international and regional organizations including the Executive Meeting of East Asia and Pacific (EMEAP) Central Banks, ASEAN and ASEAN+3, South East Asia Central Banks (SEACEN) and APEC, in the promotion of regional cooperation like the Asian Bond Fund and the ASEAN Swap Arrangement, and economic and financial surveillance of member countries.

He finished his AB Economics at the Ateneo de Manila University (cum laude) where he also took graduate courses in business administration. He obtained his MA in Public Policy and Administration (concentration in Development Economics) at the University of Wisconsin-Madison, Wisconsin, USA as a Central Bank scholar. He has attended various training programs and seminars in macroeconomics, banking and finance, portfolio management, central bank independence, leadership and governance.

 Mr. Tetangco is married to Elvira Ma. Plana. They have three children: a boy and two girls.

Chris Udry

Chair, Yale Economics Department
United States
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Udry is the Chair of the Yale Department of Economics. Prior to joining the Yale faculty in 1998 he taught in the Northwestern University Economics Department. He has been a visiting scholar at Ahmadu Bello University in Zaria, Nigeria, the Institute of Statistical, Social and Economic research at the University of Ghana, and at the University of Cape Town. Udry is also affiliated with the Economic Growth Center, the Council on African Studies, and the Bureau for Research in Economic Analysis of Development (BREAD). Udry focuses on household-level microeconomics in Africa. He holds a bachelors degree from Swarthmore College and a Ph.D. from Yale University. Udry was in the Peace Corps in northern Ghana in the 1980s and is author of a key graduate development economics textbook, Development Microeconomics.