The Microfinance Club of New York and NYSSA's Sustainable Investing Committee present Getting to the Double Bottom Line: Investment Opportunities in Microfinance—Reflections on a Nascent Asset Class Microfinance has evolved over the past 30 years from a frontier market with a “feel-good” icing to an established double bottom-line investment opportunity. From private equity to fixed-income, there is a broad and expanding array of emerging market investment opportunities across a range of investment strategies and return targets. Panelists will reflect generally on the economics of microfinance and discuss types of microfinance investments and their performance, including recent trends and what to expect for 2010.  The mission of the  Microfinance Club of New York is to be a leading forum for the free exchange of information and ideas about microfinance and to disseminate readily understandable, transparent and succinct information so as to further the microfinance field. DATE: Thursday, October 8, 2009 TIME: 8:15 a.m.–9:45 a.m. | Presentation LOCATION: NYSSA 1177 Avenue of the Americas, 2nd Floor (between 45th and 46th Streets), NYC (Directions) Photo ID required for access to the building. PANELISTS: Jane Bieneman, Blue Orchard Ron Dadina, Minlam Asset Management Howard Finkelstein, The Law Offices of Howard J. Finkelstein Christina Juhasz, Women’s World Banking Bryan T. Wagner, Morgan Stanley FEES: Members $35 | Nonmembers $60 Register at the door: Additional $25 due (space permitting) REGISTRATION DEADLINE: Monday, October 5, 2009 Chair James Vanreusel Biographies Jane Bieneman was a member of Citigroup’s investment bank from 1995 to 2007. She originated and executed private equity financings as well as advised clients on debt and equity capital markets transactions and mergers and acquisitions. In addition, Bieneman was a senior member of the team that launched Citigroup’s Public Sector Group which is responsible for the firm’s business globally with public sector clients. From 2007 to 2008, she worked with Women’s World Banking’s Capital Markets Group.  Bieneman began her career as a commercial loan officer for the Fifth Third Bancorp. She holds a BA from Dartmouth College and an MBA from the Kellogg Graduate School of Management at Northwestern University.   Ron Dadina, CFA, is a managing director and chief credit officer at Minlam Asset Management. Dadina has over 20 years of emerging market credit and debt financing experience. Prior to joining Minlam, Dadina worked as a managing director in the International Debt Capital Markets Group at Bear Stearns where he was responsible for the origination and execution of a wide range of debt financings for emerging market issuers. Prior to Bear Stearns, he spent seven years as a director in the Global Corporate Structured Finance Group at MBIA where he led the underwriting process for various types of emerging market debt transactions, including bank financings. Prior to joining MBIA in 2000, Dadina served as a vice president at Fitch Ratings from 1994 to 1999, where he managed the ratings process for emerging market bank transactions, corporate transactions, and others. Dadina graduated from the University of Chicago with an MBA in finance. He is a member of the New York Society for Security Analysts and the Indian Institute of Chartered Accountants.   Howard J. Finkelstein, Esq., who spent more than 25 years practicing law at large law firms, gave up his law firm partnership at the end of 2008 to establish his own practice focusing on helping clients bring Western capital to microfinance institutions (MFIs) and other sustainable businesses worldwide. In 2004, he was the lead attorney in the $87 million securitization known as Blue Orchard Microfinance Securities I, in which he successfully structured the securitization of loans to microfinance institutions in seven countries spanning three continents. He was also the lead attorney in the $60 million securitization known as MicroFinance Securities (MFS) XXEB, in which he successfully structured the multi-currency securitization of loans to 30 microfinance institutions in 15 countries. In 2007, he served as U.S. counsel to Blue Orchard in the $100 million transaction known as BOLD 2007, which was named the Sustainable Deal of the Year for 2007.  His work has helped to bring nearly $1 billion to MFIs worldwide. Finkelstein participates broadly in the sector, having organized and co-chaired four conferences and spoken at numerous other public and private forums on microfinance.   Christina (CJ) Juhasz is director of the Women’s World Banking (“WWB”) capital markets group. WWB provides support, advice, training and information to a global network of more than 50 microfinance institutions and banks that offer credit and other financial services to 21 million low-income people— primarily women—in 30 countries worldwide. Juhasz recently managed the launch of the WWB private equity fund. Prior to joining WWB, Juhasz spent 12 years structuring and marketing international fixed income capital markets transactions for banks and financial institutions globally. Most recently she served as a director in Deutsche Bank’s fixed income syndicate group in New York. Previously she had worked as a vice president in Deutsche Bank’s capital markets group in London and Merrill Lynch’s capital markets group in New York. She began her career as a military police platoon leader in the United States Army. She is currently a board member and treasurer of the Microfinance Club of New York. Juhasz holds a BS from the United States Military Academy at West Point and an MBA from Stanford University.   Bryan T. Wagner is responsible for microfinance coverage as a member of Morgan Stanley’s Environment, Social Finance and Community Reinvestment Group. Wagner has six years of experience with the firm, mostly spent as a member of the Latin America Investment Banking Group in New York and Buenos Aires. He has recently worked on a variety of financing and advisory mandates, including CARE’s sale of EDYFICAR to BCP and a pro-bono advisory assignment for Grameen America. Prior to Morgan Stanley, he was a loan consultant for ACCION New York and worked with ACCION International on the transformation of PADME (Benin MFI).  Wagner is currently vice chair of the ACCION USA Microfinance Council, a group of over 190 members he helped co-found in 2007. He holds an MBA from the Harvard Business School, a MPA in international development from the John F. Kennedy School of Government and a BSBA from UNC-Chapel Hill.