WHO WE ARE

MYC4 consists of a crew of dedicated people located in our headquarters in Copenhagen, Denmark, and in our regional office in Nairobi, Kenya. You can read more about MYC4's Staff, Board and Shareholders below.

STAFF

Mads Kjær, CEO and co-founder, Danish, mads@myc4.com
Mads has been working in Kjaer Group A/S since 1984 whereas the last 20 years as CEO and from August 2006 as the Chairman. Kjaer Group A/S has been awarded Denmark’s Best Workplace in 2003 and 2004 and between Europe’s 10 Best Workplaces in 2005. Mads has 25 years market experience from emerging countries and lived in Zimbabwe, Uganda, South Africa and is Consul. Chairman and majority shareholder in Kjaer Group. See Mads' profile on LinkedIn and follow him on Twitter.

"If we can walk on the moon.... we can also END POVERTY."

Flemming Eltang, CFO, Danishflemming@myc4.com
Flemming Eltang holds a Master Degree in Auditing and is a qualified Danish State Authorized Accountant. His work experience started with 10 years as an auditor followed by 7 years as Financial manager in 2 manufacturing companies and 12 years as CFO of Kjaer Group where he got extensive experience in working with Africa. This was followed by 2 years posting as General Director (CEO) of Nissan Vietnam in Hanoi. Lately he has been working as CFO and consultant for MYC4, its majority shareholder The Way Forward and an international logistic company. Besides he has been teaching Financial accounting and reporting at he University and over the last 10 years served as external non executive Board member of 4 different industrial companies.


Jes Colding, COO, Danishjes@myc4.com
Jes, who has a Masters in International Business, has been working 25 years as an international businessman before joining MYC4 in 2007 working in various functions till 2010 where he left to create his own consulting business within sustainable development finance. Between 2011 and 2014 he also acted as an advisor to MYC4 and from August 2014 he joined MYC4 again as COO. Jes has a keen interest in development issues and believes that business is the best driver to create growth and prosperity in any country around the world and has been working on sustainability and supply chain projects in Africa, Asia and South America. In his spare time he acts as a business advisor to small Danish companies and entrepreneurs.

There is no doubt in my mind that MYC4 responds to a very real need in Africa by allowing micro and small & medium size entrepreneurs to access the capital they need to grow their businesses. The need, also and in particular in rural areas, is enormous and MYC4 has the potential to make a real difference to so many people”.


Titus Kuria, General Manager, Kenyan, titus@myc4.com
Titus is a banking and finance professional with over nine years working experience in credit management, relationship management, banking operations, management of microfinance operations, financial analysis and investments evaluation. He worked with leading East African banks, Cooperative Bank, ABC bank and Equity bank in various positions in banking and micro-credit. He has also worked with Oikocredit, identifying and evaluating socially relevant projects for funding. Prior to joining MYC4 he worked as a private microfinance consultant assisting clients in product development, systems audit, feasibility study, system implementation, staff recruitment among others, his last role being general manager in Ngao Credit, a local micro-finance institution. Titus holds a Bachelors Degree in Commerce and an executive MBA. He is also certified public accountant. Follow Titus on Twitter.

“Having grown up in the slums of Kenya, I was always amazed at the number of brilliant business ideas that were not fully harnessed or at best were steeped in mediocrity due to lack of funding. I am proud to be part of MYC4 vision of eradicating poverty by the year 2015 through connecting these business ideas to the requisite finance.”


Sally Imoh, Operations Assistant, Kenyan, sally@myc4.com
Sally joined MYC4 as a business intern in April 2012. She holds a Diploma in Information studies, from the University of Nairobi. Her area of study is in research, dissemination of information and organisation and retrieval of information materials. She has a deep passion and interest to help the less fortunate in the society, fight gender in-equality as well as advocate for Children rights. Sally is an ambitious lady and would like to further education and pursue a degree in Bachelor of commerce to deepen her knowledge in this field and improve on analytical skills. By this she believes she will be able to serve the organisation much better.

"Children are our future, when we empower small entrepreneurs not only in Africa, but all over the world, the the future is bright"


Bayollah Malesi, Receptionist, Kenyan, bayollah@myc4.com
Bayollah is an enthusiastic and cheerful young lady who comes from a humble background. She is self motivated and has a passion to help solve problems where required and ensure smooth running of daily operations. She joined MYC4 as the receptionist in January 2012 and has brought great input in the Nairobi office. Bayollah is an ambitious lady and would like to further education pursue a Diploma in Business Management so as to serve the organisation. 

"Never let grass grow under you feet, work hard to get to the side which has greener grass. Also never lose hope till you get it, so work hard for it.”
  

BOARD

Niels Thuesen, Chairman
Niels has for more than 20 years been working with emerging markets from an investment perspective and has an extensive network related to professional investors. In relation to emerging markets, he has been architecting a Public Private Partnership related to stimulate the private sector in emerging markets. In he’s carrier he has extensive experience from managing and transforming companies in the growth faze from small companies to large companies, and managing financial investments.

Present, he holds a number of positions as board member and is involved in M&A activities and asset management through he’s own company. Furthermore, he is member of the advisory board to HE the president of Mozambique, where he is advising in how to develop the private sector.


For eleven years, from 1998 to 2008, he was CEO for BankInvest Group; an asset manager with specialized asset management teams dedicated to frontier markets and emerging markets (private equity, credits and listed stocks). Over that period, the company more that 20 doubled Net Profits to owners, more than 10 doubled Assets under Management and 5 doubled the number of employees.

For eight years, from 1990 to 1997, Niels was CIO and managing director (CIO and COO) for BankInvest Group and before that portfolio manager for the same company from 1987.

Tim Vang
Tim has over 15 years of experience with establishing, shaping and growing (start-up) companies. Tim is Co-founder of MYC4 and before entering the MYC4 Board, he was Deputy CEO of MYC4. He is currently working in a myriad of companies using his disruptive approach and determination to help secure focus and growth. Prior 8 years to MYC4, Tim ran a consulting company delivering innovative solutions to customers around leadership. Tim started his career while doing his Master where he was Co-founder of SICEF (Scandinavian International Career & Education Fair), which today is among the most important Nordic graduate career fairs. Tim has a M.Sc. in Economics and Business Administration (concentration in International Marketing and Management) from Copenhagen Business School.

See Tim's profile on LinkedIn and follow him on Twitter.

Lukas Wellen
Lukas has 15 years of microfinance experience in both advisory and management roles, with extensive field experience in Africa, Eastern Europe and Asia. He studied Macro Economics and financial systems in Amsterdam and South Africa. After working at the risk department of Rabobank, he joined ProCreditBank, first in the Balkans, followed by the Ukraine. After this experience Lukas moved to Central Vietnam, where he was responsible for economic development and microfinance programmes. Three years later Lukas moved back to Holland and was at Triple Jump responsible for delivering technical assistance to MFIs in the Caucasus and East Africa. Since 2007 Lukas works on mobile banking and he started Musoni mobile microfinance in 2009. Lukas also has experience with governance in Cambodia, Georgia and Azerbaijan.


Steven Thomas
Steven has over 25 years experience working with technology, primarily in the financial sector. He is currently Chief Technology Officer at SMT Data - a Danish software development company that delivers IT Business Intelligence solutions. Steven was CTO and Deputy CEO at MYC4 from 2009-2011 where he played a key role in implementing the organizational and processes changes that significantly improved portfolio quality while also reducing MYC4's operational costs.

Steven's Positions prior to MYC4 include freelance management consulting, Executive Director for Program Management at Saxo Bank, and Vice President at Fidelity Information Services. Steven started his career with 19 years at IBM working with software development and database tools and methods - originally as a programmer, later as a consultant and then as a project manager and people manager.  Steven has a Master's degree in Computer Science from Stanford and a Bachelors degree in Psychology from University of Oregon.


Iris Ollivault
Iris is still quite new to the microfinance sector, and thus dedicates energy to growing more skills everyday. Starting in 2010 with the coordination of a large donor-funded project in East Africa, Iris was appointed investments scout to help participating microfinance institutions (MFIs) attract funding to sustain their growth. Having initiated solid partnerships with crowd-funding platforms, she worked on growing donor’s awareness on the Peer-to-Peer case through studies and presentations. Iris now collaborates with Planet Rating as an analyst assessing the performance of European MFIs and with MFTransparency on the harmonization of microfinance pricing information for Morocco, Cambodia, Bolivia and Peru. She graduated from Sciences Po Lille in 2009 with a major in Economics and Finance, and also holds a Master’s degree in corporate communication.

See Iris’ profile on Linkedin.


Derek E.N. Saleeby
Derek is originally from Liberia with family roots in Lebanon and Ghana. He has spent his career focused on frontier, emerging, and developed markets on the banking, advisory and investment side. He brings his perspective as a Founding Partner of Total Impact Advisors, a merchant banking and advisory firm focused on impact investment, to compliment the local and international perspective of MYC4. Prior to founding Total Impact Advisors, Derek’s professional background spanned 20 years in finance and investing in both emerging and developed markets across numerous sectors. This experience provides a holistic perspective to his approach to opportunities and situations. He has served with banking and investment firms such as Citibank, Salomon Smith Barney, Spain’s Banco Bilbao Vizcaya (Latin America), RAM Capital (Hedge Fund/PE), and Deutsche Bank Asset Management/RLJ (Chief Investment Officer – FoFs).

Derek also advised on the closing of a $67 million U.S. Overseas Private Investment Corp. (OPIC) funding to a new Africa focused private equity/mezzanine fund and also was one of the creators of the $30 million OPIC-backed Liberian Enterprise Development Fund, a vehicle focused on building SME financing in post conflict Liberia. His advisory work, which has included negotiating local investment rights and sourcing new investments for funders, has enhanced Derek’s already strong network of private and public officials in Africa and Latin America. From 1999 to 2001, Derek was also a founding partner of the advisory firm African Private Equity Partners. Derek has an MBA from Harvard Business School and a BA from Princeton University in Economics, Politics and African Studies. He wrote his senior thesis on Development Finance Companies in Kenya and Tanzania. He is an avid soccer man and sports enthusiast.

Email: dsaleeby@totalimpactadvisors.com


SHAREHOLDERS

Founding shareholders:
Kjaer Group A/S (DK)
The Way Forward ApS (DK)
casa-share ApS (DK)

Other shareholders:
Middelfart Sparekasse A/S (DK)
Dutch Oak Tree Foundation (NL)
SeiAr Invest Aps (DK)
Mikkel Vestergaard Frandsen (CH)
DOEN Foundation (NL)