July 26, 2016 9:11 PM ET

Commercial Services and Supplies

Company Overview of Accion International

Company Overview

Accion International is a charitable organization that focuses on providing financial tools. The organization also focuses on building microfinance institutions. It offers management, technical assistance, governance, and client education services. The organization provides financial literacy and business training programs. Additionally, it operates Accion U.S. Network, a micro and small business lending network in the United States. Accion International was formerly known as Accion en Venezuela. Accion International was founded in 1961 and is based in Boston, Massachusetts.

56 Roland Street

Suite 300

Boston, MA 02129

United States

Founded in 1961

Phone:

617-625-7080

Fax:

617-625-7020

Key Executives for Accion International

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Senior Vice President and Regional Head of Latin America
Senior Vice President and Regional Head of Africa
Compensation as of Fiscal Year 2016.

Accion International Key Developments

Accion Announces Board Appointments

Accion announced that Tahira Dosani and Vikas Raj have been named the new managing directors of Accion Venture Lab, Accion's impact investment initiative. Accion Venture Lab provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve the efficiency, reach, and scope of financial services for people living in poverty worldwide. Founding managing director Paul Breloff, who led the initiative in its first four years, is pursuing a start-up in the human capital space in India and will remain a strategic advisor. Both Dosani and Raj bring an extensive working knowledge of Venture Lab's work, having served as its director of Portfolio Engagement and director of Investments, respectively. Prior to joining Venture Lab, Dosani led strategic projects and partnerships at LeapFrog Investments; managed investments and supported the portfolio at the Aga Khan Fund for Economic Development in Dubai; led strategy for and launched key products at Afghanistan's leading mobile network operator Roshan; and was a management consultant with Bain & Company and The Bridgespan Group. Prior to his time at Venture Lab, Raj worked in Mergers and Acquisitions investment banking at Evercore Partners, in microfinance investing and operations at Ujjivan Financial Services in India and Catalyst Microfinance Investors in West Africa, India, and Southeast Asia; and was a management consultant with Deloitte Consulting.

Accion Announces Board Appointment

Accion announced the appointment of Raza Dean and Nick Talwar to the organization's board of directors. Dean brings to the Accion board more than 30 years of experience in the global financial services industry and promoting business development and growth. As president of RMD Associates, he supports the growth and development of small- and medium-sized businesses. His professional experience crosses the banking, finance, manufacturing, distribution, and retail industries, and includes 16 years in commercial banking and 10 years in banking in the Middle East. He has held management positions with companies that include the Bank of Boston, Citibank, Boston Retail Partners, and United Saudi Commercial Bank. Talwar brings to the Accion board a successful track record of launching, turning around, and scaling businesses that range from fintech startups to global multinational corporations. In his role as general manager for Amazon Lending in Seattle, Washington, Talwar has led the company's global expansion into the lending industry. His other work includes leading Visa's credit card business in North America, serving as chief revenue officer of online peer-to-peer lender Prosper Marketplace, and working as the country manager for Citibank Sweden, among others. From this experience, Talwar has built expertise in areas such as consumer and small business lending, payments, digital, and microfinance.

Accion Appoints Elizabeth Mccaul and Michael Miebach as Members to the Board of Directors

Accion announced that it has elected two new members to its board of directors: Elizabeth McCaul, Partner-in-Charge, New York Office Promontory Financial Group, LLC, and Chief Executive Officer, Promontory Europe; and Michael Miebach, President of Middle East and Africa, MasterCard. Ms. McCaul provides clients in the United States and Europe with advice and services on a broad range of financial markets and regulatory areas including assistance with strategy, corporate governance, risk management, balance sheet analysis, valuation and compliance. Prior to joining Promontory, she served as the Superintendent of Banks of the State of New York, where she was responsible for supervision of some of the large institutions and most of the foreign banks operating in the United States, as well as community banks, mortgage companies, and the overseas banking activities of investment banks and insurance companies. Mr. Miebach is responsible for driving the evolution of payments across the Middle East and Africa (MEA). At MasterCard, he leads some of the region's most innovative financial inclusion initiatives. He joined MasterCard in 2010 from Barclays Bank PLC, where he was the managing director for Middle East and North Africa, responsible for the bank's corporate, commercial and consumer business in the region.

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