BOARD OF DIRECTORS OF THE FUND MANAGER ESATAL
Mr. Admassu Tadesse, Chairman, is the President and Chief Executive of the Eastern and Southern African Trade and Development Bank (TDB). Prior to his appointment as President of TDB Bank in 2011, Mr. Tadesse served for 10 years with Development Bank of South Africa as EVP responsible for international finance and corporate strategy. He has also served in various capacities in international institutions and funds, mainly in Johannesburg and New York. He has served and continues to serve on several boards of directors, and is a member of the Institute of Bankers and Institute of Directors, South Africa. Mr. Tadesse holds an MSc from the London School of Economics, an MBA from Wits Business School, and trained at Harvard and INSEAD Business School in banking, private equity and executive leadership.
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Dr. Frannie Léautier is a finance and development expert, with long-standing global experience leading and transforming organisations in the private, public and not-for-profit spheres. Prior to joining TDB, she served as Senior Vice President at the African Development Bank, Vice President at the World Bank Group, and Executive Secretary of the African Capacity Building Foundation. In addition to having founded two companies, Dr. Léautier is a Board Member, Trustee, Special Advisor, Founder and Member of a number of prestigious international organisations, including the World Economic Forum (WEF), Massachusetts Institute of Technology (MIT), OCP Group, African Risk Capacity Ltd (ARC Ltd), African Economic Research Consortium (AERC), Institute for Security Studies (ISS), King Baudouin Foundation USA (KBFUS), Nelson Mandela Institute for Science and Technology (NM-AIST), and others. She is a well-recognised author and academic, having published numerous books, articles and papers in international development and having taught Masters-level courses at Sciences Po, MIT, Harvard, Duke, and the University of Tokyo. In addition to her Civil Engineering Degree from Dar es Salaam University and a Transportation Masters from MIT, Dr. Léautier holds a PhD in Infrastructure Systems from MIT, and honorary degrees from North Central College and Lancaster University.
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Mr. Suresh Advani, CEO, is Lead Portfolio Manager responsible for all GML trade finance investment funds. Mr. Advani has spent his entire career in trade finance and credit insurance, having first joined the Chase Manhattan Bank in London, followed by senior positions at Dresdner Kleinwort Wasserstein, Jardine Lloyd Thompson Risk Solutions, and Exporters Insurance Company Limited. In 2014 he was appointed Senior Technical Advisor to the International Chamber of Commerce Banking Commission. He read Philosophy, Politics and Economics at Oxford University.
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Mr. Maheshwar Doorgakant is a Fellow of the Institute of Chartered Accountants of England and Wales and is the Managing Director of Apex Fund Services (Mauritius) Ltd. Mr. Doorgakant holds a number of directorships on the boards of numerous India and Africa focused funds and companies through which he has acquired extensive experience and knowledge on key industries in India and Africa and their principal capital markets. Mr. Doorgakant is also President of the Executive Committee of the Association of Trust and Management Companies of Mauritius. Prior to joining Apex (Mauritius), he was the Group Financial Controller of a major listed group in Mauritius. He had previously managed another Mauritian management company specialising in the management and administration of global business companies.


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Mr. Stefan Pinter is a Founding Partner, CEO and CIO of GML Capital LLP. Having joined GML in 1990 as a Principal, Mr. Pinter has overall responsibility for GML’s investment management and advisory activities. Mr. Pinter began his career at Kidder Peabody in New York (international corporate finance) and then with Kidder Peabody in London (international capital markets). He holds a B.A. in Economics cum laude from Harvard University.
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Mr. Mahmad Tahleb Rujub is a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Mauritius Institute of Professional Accountants (MIPA) and the International Fiscal Association (IFA) (Mauritius Branch). He is Head of Tax Services at Apex Fund Services (Mauritius) Ltd. Mr. Rujub also holds other directorships on the boards of global business companies through which he has acquired extensive experience and knowledge on key industries. Prior to joining Apex (Mauritius), he held positions at the Mauritius Ministry of Labour, Industrial Relations and Employment and at a leading Offshore Management Company.