OXUS is pleased to announce the nomination of its new CEO, Sébastien Duquet who has almost 20 years of experience in microfinance and banking in developing countries.
OXUS Development Network, the technical assistance company of the OXUS microfinance network has nominated a new CEO since April 2016. A few words about his professional background…
From 1995 to 2005, Sébastien worked for Arthur Andersen and Ernst & Young as a TAS Senior Director (Transaction Advisory Services). During those 10 years, he was involved in 73 transactions in the banking sector in France (takeover by HSBC of CCF, etc.) and emerging markets (in Tunisia, Morocco, Bosnia, Serbia, Czech Republic, etc.).
He became CEO of PlaNet Finance in June 2005. Up to September 2009 as managing director of Planet Finance, he managed on a worldwide basis more than 200 programs of technical assistance in microfinance. He is also a co-founder of FinanCités (microventure capital in France) and Planet Guarantee (one of the largest worldwide broker in microinsurance).
From 2009 to end 2015, Sebastien managed PlaNIS that he then merged with responsAbility (a USD 3 BN impact asset manager, leader in investment in microfinance). At responsAbility he was in charge of the debt investments portfolio of responsAbility in Eastern Europe, Middle East, Caucasus and Central Asia (current portfolio size of 820 million USD invested in 103 organizations in the region). He was also part of the management committee of responsAbility.
Since the 1rst of April 2016, Sébastien is CEO of OXUS Development Network. OXUS is a microfinance networks lending to more than 60 000 micro entrepreneurs in four countries: Tajikistan, Afghanistan, Kyrgyzstan and the Democratic Republic of Congo, for a total portfolio of USD 50 million.
Sébastien graduated from EDHEC and holds the DESCF (certificate of accounting expertise).
About OXUS Development Network
With more than 10 years of experience in strong social impact oriented microfinance, OXUS is the network of reference in post-crisis countries. The OXUS network currently finances over 60 000 micro entrepreneurs in Tajikistan, Kyrgyzstan, Afghanistan and in the Democratic Republic of the Congo.
Sébastien’s nomination is a major asset for the OXUS Network’s development: our activities are experiencing strong growth and we hope to double our portfolio in the years to come in order to reach over 100 000 active clients and a total portfolio of 100 million euros by end 2018. Sebastien’s experience combined to the one of our current teams, both on the ground and in Paris, will allow us to increase significantly the outreach of our microfinance institutions.
Frédéric Roussel, co-founder of Oxus