Posted on March 22, 2012
Intellecap, the global impact advisory firm headquartered in Hyderabad, announced that it has hired Richard Weingarten as Managing Director.
Mr. Weingarten has a long and distinguished career in law, venture capital, investment banking, and as an independent financial advisor to a wide variety of firms around the world. He was most recently the founding Managing Director of the Norwegian Microfinance Initiative (NMI). During his tenure NMI made commitments and investments of approximately USD 70 million in more than 80 Microfinance Institutions in 34 countries. Before joining NMI, Mr. Weingarten was the Executive Secretary of the United Nations Capital Development Fund (UNCDF). UNCDF made investments in Microfinance and Local Development in 28 of the world's least developed countries, primarily in Sub-Saharan Africa and Southeast Asia. Richard is a graduate of Yale University and the Antioch School of Law.
With respect to his joining Intellecap, Mr. Weingarten stated, "I am pleased and honored to become a member of the Intellecap team. Intellecap is distinctly situated to become a major global platform providing investment banking, consulting, and knowledge and information services for enterprise-based solutions serving poor and low-income people. We also expect to work closely with governments, development finance institutions, foundations, academic institutions and the private sector as they seek to establish and shape effective market based approaches and supportive regulatory and policy environments. There are clearly many challenges and opportunities in each of these areas, and I am looking forward to working with all the Intellecap stakeholders and clients to develop a broad range of interventions and solutions in the coming years."
Vineet Rai, Chairman and Co-Founder Intellecap extended a warm welcome to Mr. Weingarten and said, "As Intellecap steps into a new decade with heightened ambitions to make a difference to the world of impact entrepreneurship, we are happy to take this opportunity to usher in a new leadership that balances our global perspectives and wisdom with our local understanding, deeply-held cultural values and enthusiasm. I am confident Mr. Weingarten and our management team will help create long term value for all our clients, employees, and shareholders."
Intellecap is a pioneer in providing innovative business solutions that help build and scale profitable and sustainable enterprises dedicated to social and environmental change. The Company is uniquely positioned at the intersection of social and commercial business to attract and nurture intellectual capital that combines the business training of the commercial world with the passion and commitment of the social world. Intellecap's clients include a broad range of enterprises, investors, development finance institutions, foundations, and private sector corporations.
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