With rapid and sustained growth in many sectors, the modern investor can no longer afford to ignore the continent of Africa. Recognizing the inherent risks, the prudent investor must be able to interpret the evolving financial, economic, and political climates to determine the best possible strategies.
Get an insider’s view of investment in Africa at “Africa 2013: Investing in the Rising Continent.” An expert panel will give a comprehensive overview of the investment vehicles available, techniques to evaluate their risk and return potential, and some of the nuts and bolts of the investment process. Professionals with a proven track record in private equity, investment banking, research, and corporate operations on the African continent will give you an invaluable perspective on how best to position yourself to participate in the rapidly developing African marketplace. In 2013, strategies for such participation are essential for any savvy globally-minded investor, and this program will provide you with a useful and unique framework for developing them.
A networking event will follow directly after the Africa 2013 program to allow additional time for attendees to talk with the evening’s speakers.
Who Should Attend?
All levels from associate/analyst to portfolio manager, CIOs, and CEOs.
Ashley Bendell is African Equity Sales specialist for RenCap Securities Inc. RenCap Securities Inc. is the American subsidiary of Renaissance Capital, a leading investment bank focused on Russia, the CIS, Central/Eastern Europe, and Africa. Bendell's clients include mutual, hedge, and private equity funds based in the USA, Europe, as well as Africa, and he maintains strong business and senior company management relationships across Africa. During 2012 Bendell hosted the presidents of Ghana and Kenya on behalf of the firm's institutional clients, serving as moderator within a roundtable discussion, and Renaissance Capital received “most active broker” status on the Nigerian Stock Exchange. Bendell has spoken at numerous conferences and major industry events on the subject of the sub-Saharan African capital-markets and has appeared on CNBC with Erin Burnett, as well as on the pages of Reuters, Bloomberg, and Fortune magazine. Bendell studied at the University of Edinburgh and the University of Stirling, prior to commencing his career at Credit Suisse in London.
Daniel Freifeld is the founder of Permian International, an investment firm specializing in energy, infrastructure, and emerging and frontier market securities. He was previously senior advisor to the special envoy for Eurasian energy at the US Department of State, where he was responsible for oil and gas issues in Iraq, Turkey, Russia, and the eastern Mediterranean. Before that, he was director of international programs at New York University’s Center on Law and Security, a foreign policy advisor on Senator Hillary Clinton’s presidential campaign, and a program coordinator for the Near East South Asia Center at the US Department of Defense, working in more than ten Middle Eastern countries. He has also held appointments at the World Bank and Baker Botts, LLP. He is currently an associate of the Geopolitics of Energy Project at Harvard University, a term member of the Council on Foreign Relations, and a member of the Massachusetts Bar and the District of Columbia Bar. He speaks Turkish and French and conversational Arabic, Farsi, and Spanish, and holds a bachelor’s degree from Emory University and a juris doctor from New York University School of Law.
Teresa H. Clarke is the chairman and CEO of Africa.com LLC. She launched the company in 2010 after resigning from her position as a managing director in the investment banking division of Goldman Sachs & Co. At Goldman Sachs & Co, Clarke led mergers and acquisitions and corporate finance transactions for Fortune 500 companies in the US and in Europe. She also led the Goldman Sachs Africa-Aspen Program, a leadership development project for emerging public- and private-sector African leaders. Clarke lived in South Africa from 1995–2000, during which time she taught corporate finance in the MBA program at Wits Business School and served on the investment committee of a private equity fund that invested in the Southern Africa region. A desire to help fill the leadership pipeline in South Africa led Clarke to cofound the Student Sponsorship Programme, which provides academically talented but economically disadvantaged South African students with career mentors and scholarships to attend private schools. She has received numerous awards, including one from the government of South Africa for her work with South Africa’s children. She has been featured on television, including a documentary by Carol Pineau, “Africa Investment Horizons,” and was honored in 2010 on BET’s “Black Girls Rock.” Clarke was named one of the 25 Most Influential Women in Business in 2011 by the Network Journal.
Clarke received a bachelor's degree in economics, cum laude, from Harvard College, an MBA from Harvard Business School and a JD from Harvard Law School.
Claire Husson-Citanna is a portfolio manager and research analyst in Emerging Markets Debt (EMD) in the Fixed Income Group of Franklin Templeton Investments Management Ltd. She focuses on frontier markets countries and on companies established in emerging markets. She is a co-manager of the NASDAQ Fund Franklin Templeton Emerging Market Debt Opportunities Fund (FEMDX). Prior to joining Franklin Templeton Investments Management Ltd in 2005, Husson-Citanna held research consultant positions with Clearwater Capital Partners involved in Asian special situations; at the UN Capital Development Fund in 2005; Economics Nobel Prize Dr. Stiglitz’s Initiative for Policy Dialogue in 2004 at Columbia University where she worked on the design of local currency EMD portfolios; and worked for PricewaterhouseCoopers for over three years. Husson-Citanna holds a master’s degree in economics from the ESCP-EAP European School of Management and a Master of Public Administration in public finances from Columbia University School of International and Public Affairs. She is a CFA charterholder and a member of NYSSA.
Stephen B. Murray is senior investment officer at Pan African Capital Group. He joined Pan African Capital Group, LLC (PACG) in February 2007. Murray helps to manage the group’s investment portfolio, with particular emphasis on investments in the financial services sectors of West Africa, and provides advisory and investment banking services to PACG’s diverse portfolio of clients. From 2000 to 2002, he worked for Modern Africa Fund Managers, LLC, identifying and evaluating investment opportunities in sub-Saharan Africa. Immediately prior to joining PACG, Murray worked for The Federal Reserve Bank of New York in the Emerging Markets and International Affairs group. Murray worked on the Asia desk at the Federal Reserve Bank of New York, and was responsible for assessing economic, financial, and political developments affecting global capital markets and financial institutions. Murray authored a number of analytical briefings for senior federal reserve officials including the implications of rising household credit in emerging markets, the development of Islamic banking and Shari’ah-compliant financial products, and the implications of foreign exchange reserve accumulation and diversification on the US economy and global financial markets. He graduated with honors from Villanova University with a degree in international business and received his MBA from Georgetown University’s McDonough School of Business in 2002.
Eric-Michel Sossou-Gloh is an expert strategist in capital markets and trade in sub-Saharan Africa. He is best known for authoring the economic and public policy paper, “Revamping the West African Stock Exchange,” which focused on increasing the securitization of domestic and foreign companies in sub-Saharan Africa. He has done innovative research and made key policy recommendations in various capacities at the World Bank, African Union, and African Growth and Opportunities Agency. In addition, he has been recognized for leveraging extensive entrepreneurial experience combined with knowledge of government structures to create viable public/private partnerships. He has used this experience to advise private sector clients, particularly in the areas of commodities and derivatives trading. Sossou-Gloh holds an MPA in economic policy management from Columbia University in New York, where he attended the PEPM (Program in Economic Policy Management) a mid-career program designed by Columbia University, The World Bank, and The IMF for International Development professionals and Central Bankers.
Thursday, April 11, 2013
6:00 p.m.–7:30 p.m. | Presentation
7:30 p.m.–8:00 p.m. | Networking
Virtual Member $55
Student Member $15
(Walk-ins not permitted)
Tuesday, April 9, 2013
Teresa H. Clarke, Chairman and CEO, Africa.com LLC
Daniel Freifeld, Founder, Permian International
Claire Husson-Citanna, CFA, Portfolio Manager, EMD Research Analyst, Franklin Templeton Fixed Income Group, Franklin Templeton Institutional, LLC
Stephen Murray, Senior Investment Officer, Pan African Capital Group
Eric-Michel Sossou-Gloh, Senior Consultant, Cedar Street Capital LLC
Ashley Bendell, African Equity Sales specialist for RenCap Securities Inc. RenCap Securities Inc.
Paul Osinloye, CFA
Register via Mail/Fax
Policies and Procedures