BlueOrchard Finance (BlueOrchard), a Switzerland-based commercial manager of microfinance investments, recently announced the appointment of Dr Patrick Schuerle as the organization’s new Chief Executive Officer as of January 1, 2016. Dr Schuerle will succeed Mr Peter Fanconi, who will serve as the Chairman of the Board from that time.
Dr Schuerle previously served as Chief Operating Officer and Chief Financial Officer of BlueOrchard. In reference to his new position, Dr Schuerle stated that he was “delighted and highly motivated to tackle future challenges together with the BlueOrchard team”[1]. Of the six investment vehicles managed by BlueOrchard, its flagship fund is the BlueOrchard Microfinance Fund, which holds total assets of USD 251 million as of July 2015.
By Meredith Steih, Research Associate
About BlueOrchard:
BlueOrchard Finance (BlueOrchard) is a Switzerland-based commercial manager of microfinance investments that was founded in 2001 and serves approximately 30 million people in 60 countries. As of the same date, BlueOrchard employs 60 members of staff in six countries, including Cambodia, Georgia, Kenya, Luxembourg, Peru and Switzerland.Of the six investment vehicles managed by BlueOrchard, its flagship fund is the BlueOrchard Microfinance Fund, which holds total assets of USD 251 million as of July 2015.
Sources and Additional Information:
[1] BlueOrchard Press Release, “Upcoming Corporate Governance Developments within BlueOrchard,”http://www.blueorchard.com/upcoming-corporate-governance-developments-within-blueorchard/
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