The Norwegian Microfinance Initiative (NMI), a global microfinance investor, today announced that Arthur Sletteberg will join the Company as Managing Director on August 1, 2014.
Bjarne K Lie, Chairman of NMI, said, "We are delighted to welcome Arthur Sletteberg to NMI. Our ability to attract a senior executive with Arthur’s track record reflects the standing today, and potential going forward, of NMI. We look forward to his leadership in further strengthening NMI’s position in the global microfinance industry.”
Arthur Sletteberg said, "I have followed NMI since inception, and believe that the investment strategy of the firm can both deliver satisfactory financial returns and help drive significant social change. With the support of all stakeholders I look forward to help build a world class impact investment firm.”
About Arthur Sletteberg
Mr. Sletteberg brings a wealth of investment experience to NMI. He joins from Ferd AS, a Norwegian multi USD billion single family office, where he held the position of Executive VP and responsible for financial investments. Prior to Ferd, he worked for Oslo Pensjonsforsikring, where he was CFO and chief investment officer. Earlier, he served as Investment Director at Storebrand Asset Management, Deputy Head of Treasury at DnB Markets and Consultant at the Norwegian Central Bank. Mr. Sletteberg is a board member of a number of companies, both listed and privately held, and serves as Chairman of the Investment Committee of Norfund (a position he will relinquish upon taking on this appointment).
Mr. Sletteberg holds an MBA from the Norwegian School of Economics (NHH), and a Master in International Economic Policy Research from Institut für Weltwirtschaft in Germany.
For further information, please contact:
Bjarne K Lie, Chairman: +47 918 15 508
About NMI (www.nmimicro.no)
The Norwegian Microfinance Initiative ("NMI") was established in 2008 as a co-operation between the public authorities and private investors in Norway. Norfund, the Norwegian Development Finance Institution, represents the Government of Norway, and the private investors consist of DNB Livsforsikring, Ferd, KLP and Storebrand. The Mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth and economic social sustainability in developing countries by investing in and supporting Microfinance Institutions ("MFIs"). The total Partnership Capital for the NMI Funds is 782 million NOK (approximately USD 130 million).