Company’s Founder & CEO, Devesh Sachdev, An XLRI Post Graduate with 16 years of experience in the Service Industry prior to starting Fusion in 2009-10. He started his career with Citigroup in 1996..
His entrepreneurial quest started with BSA, a small size logistics company. He spearheaded the growth of BSA from single city operations, limited service offerings to Pan India foothold and diversified services making BSA the Market Leader in its segment. Devesh was the first professional manager to be appointed Director on the Board of all the group companies of BSA.
Amongst the diverse experiences, his expertise lies in building business, managing large teams in a cost efficient manner, strategy, key relationship management and handling all dimensions of the business.
Under his leadership, Fusion has grown into one of the leading microfinance institutions and continues to expand its operations.
In 2015, he attended and successfully completed Strategic leadership program in Harvard Business School.
He also sits on the Board of MFIN, a Self-Regulatory Organization for NBFC-MFIs. MFIN works closely with regulators and other key stakeholders and plays an active part in the larger financial inclusions dialogue through the medium of microfinance.
He started his career in 1977 as an auditor in South Africa and returned to The Netherlands in 1982 when he joined Ernst & Young in Utrecht.
He joined Oikocredit, a global social investor investing capital (debt and equity) in the emerging microfinance sector as well as agricultural cooperatives and social enterprises in more than 60 developing countries, in 1995. In 2002 he was appointed CFO and Director of Finance & Administration and in 2013 as Director for Risk Management Compliance and IT. He spent more than a decade on the Management Board of Oikocredit with responsibilities ranging from Accounting, Treasury, Finance, Tax, Risk Management and IT. Albert has extensive experience in a multicultural environment and in developing countries. He retired from his position end of April 2015, and started consulting and strategy support activities regarding Responsible Investments.
He has served on the Boards of: HKL (a successful Cambodian MFI); Maanaveeya Development Finance India and other operating subsidiaries of Oikocredit, including in the Ukraine. He is currently serving on the Boards of Fusion Microfinance in India, Musoni Microfinance in Kenya, Yalelo Limited a sustainable aquaculture enterprise in Zambia and is on the advisory Board of the 4F Fund (an ethical investment Fund based in the Netherlands).
Albert holds a Bachelors in Accounting, and Honours degree in Accounting & Controlling as well as a Certificate in Theory of Accountancy from the University of South Africa.
Mr Ken Vander Weele is a co-founder and partner in Creation Investments Capital Management, LLC, a fund management company that manages several specialized private equity vehicles that invest in emerging market financial services companies serving poor clients.
From 2000 until 2009 Mr Vander Weele served as the President of the Investment Services Division at Opportunity International, a major microfinance network. Mr. Vander Weele was responsible for the development and oversight of all commercial MFIs within the Opportunity Network, garnering over $1 billion in assets during his tenure. During this period, Mr Vander Weele was involved in forming three microfinance banks in Eastern Europe (Forus Bank-Russia, Opportunity Bank-Montenegro, and Opportunity Bank-Serbia), and Ken served as the board chair of each bank.
Between 1991 and 2000, Mr. Vander Weele held various positions within the Opportunity International Network, including Global COO, Regional Vice President for Eastern Europe and Interim CEO.
From 1975 to 1981, Mr. Vander Weele held various positions at Grant Thornton, CPAs, in their Madison, Boston, Chicago, and US National Office. From 1981 to 1991, he was the Senior Vice President, CFO and a founding shareholder of Graphisphere Corporation, a graphic arts holding company with private equity shareholders, until it was sold to a strategic buyer.
Mr Vander Weele was also a founder and the board chair of the Microfinance Centre for Eastern Europe from 1998 until 2006 and the Balkan Financial Sector Equity Fund from 2005 to 2011.
Mr Vander Weele has a PhD in international economics from Oxford University, and a BBA in Accounting from the University of Wisconsin. Ken is also a CPA.
Narendra Ostawal is based in Mumbai, joined Warburg Pincus in 2007 and since then has been working with the firm's Indian affiliate. He is involved in the firm's Investment Advisory activities in India and focuses on Financial Services and Healthcare sectors in India. He currently serves as a Managing Director of Warburg Pincus India Private Limited. Prior to joining Warburg Pincus, Mr. Ostawal was an Associate with 3i India and McKinsey & Company. He is a Director of Laurus Labs Limited, Capital First Limited, AU Small Finance Bank Limited, D B Power Group Companies, Computer Age Management Services Pvt. Ltd., Sterling Software Private Limited and Fusion Micro Finance Private Limited. Mr. Ostawal holds a Chartered Accountancy degree from The Institute of Chartered Accountants of India and an M.B.A. from Indian Institute of Management, Bangalore.
Nitin is the Founder Chairman of Dynamis Partners, a digital marketing company with clients in India, USA and the Middle East. He is a non-executive co-founder of Faircent, India's first and best known P2P lending company
Nitin is an Independent Board Director at DHFL Pramerica Life Insurance. The company's shareholders are Prudential Financial of the US and DHFL, one of India's leading mortgage finance institutions. Prudential is a financial services leader with more than $1.1 trillion of assets under management, and operations in the United States, Asia, Europe and Latin America.
Nitin was a non-executive Co-Founder of Lets Buy, one of India's most successful e-commerce start-ups, which was sold to FlipKart, India's #1 e-commerce company.
During 2003-08, Nitin was with MasterCard Worldwide as their CEO and Country Manager for South Asia. Earlier, Nitin has been the President of Rediff.com, and President of GE Capital India's retail financing business.
Nitin received an MBA from IIM, Ahmedabad, a law degree from Bombay University, and an Economics Honours degree from St. Stephen's College, Delhi.
Mr. Saha was a Chief General Manager, Small Industries Development Bank of India (SIDBI) and senior development banker with more than 36 years of experience in development banking. He started his banking career with IDBI and has been with SIDBI since its inception. During his long career in IDBI & SIDBI, he has handled various departments, some as Head of Department. Specific contributions made by him in HR, Project Finance, SIDBI Foundation for Micro Credit (SFMC), Promotion and Development departments is worth mentioning
Ratna Viswanathan has been the CEO of MFIN for the last three years and was Dy. CEO prior to that. She has built a strong Self Segulating Organisation in line with the sector supervision mandate of the RBi and has brought in a strong sense of credibility for the sector as far as the external world is concerned. She has put in place a very valuable property in terms of the international microfinance conclave which is now an annual feature and has enhanced the visibility of the sector.
Belonging to the 1987 batch of the Indian Audit and Accounts Service, Ms. Vishwanathan comes with extensive experience across a range of departments of the Government of India including Audit, Defence and Prasar Bharti. In the development sector she has served at very senior levels in well-known international NGOs such as Oxfam and VSO. She steered these entities through critical change management processes as they transitioned from international liaison offices to ‘full fledged Indian entities’. Ratna Vishwanathan is a Director on the Board of Mudra, Member of the RBI’s Financial Inclusion Advisory Committee and Chairperson of the South Asian Microfinance Network.
She is currently the CEO of the Sustainable India Finance Facility which is an entity set up under the United Nations Environment Programme and is partnering with BNP Paribas to bring in private sector investment into sustainable agriculture, green energy, water conservation and other sustainable enterprise at scale.