OXUS Network



OXUS Holding is the investment vehicle of the OXUS Network. It was created in 2007 in order to fund the activities of OXUS microfinance institutions (MFIs) in various countries. OXUS Holding is the sole shareholder and equity investor of OXUS Development Network and OXUS’ MFIs and provides the latter with equity and loan investments. ACTED owns 53% of the shares of OXUS Holding.


OXUS Development Network (ODN), located in Paris, provides technical assistance and consulting services to OXUS’ MFIs and supervises them. It also carries out the financial management of the group and is also in charge of OXUS’s auditing and internal control processes. Finally, ODN works at representing and promoting OXUS’ brand by designing coherent and effective communication tools and campaigns.

Frédéric Roussel

Chairman – ACTED Development Director

After graduating from the Paris Institute of Political Studies (Sciences-Po), Frédéric travelled extensively in numerous countries. In 1989 he settled in Afghanistan where he worked for several International Organisations and assisted the launch of several local NGOs. As co-founder and Development Director of ACTED, Frédéric focuses on constructing integrated and sustainable regional strategies for the organisation’s activities in developing countries. He closely monitored ACTED’s microfinance programs since 1997, and he has played an essential role in the creation and development of the OXUS Network.

Aurélien Daunay

ACTED Financial Director

As a graduate from the French School for Trade and Development (EICD3A), specializing in audit and finance, Aurélien has focused on development issues in Latin America. He started working in the international aid sector through cultural and associative projects in France and abroad (India and Western Africa), before joining ACTED in 2006. For ACTED, he worked on the development of tools for internal audit, risk management and transparency adapted to the non-profit sector. He acquired a strong knowledge of operational and financial management of humanitarian and development projects as Chief Financial Officer and Deputy Country Director in Sri Lanka and Area Coordinator for the Central African Republic. In 2010, he was appointed Audit, Legal & Transparency Director. He became financial Director of ACTED in June 2012 and Vice CEO Finance, Innovation, Investment in 2019.


OXUS Holding Board of Supervisors is chaired by Mrs. Priscilla de Moustier – General Director of 2MMF.

Other members of the Board are:

  • Mrs. Marie-Pierre Caley – General Delegate of ACTED
  • Mr. Arnaud Moor – President of Proxis Développement
  • Ms. Béatrice de Montleau – General Secretary of AFM
  • Mr. Patrice Lucas – General Director of Nanzenji
  • Mr. Christian Donnefort – President of Tiare Groupe
  • Mrs. Yaël Zlotowski Chief Cohesion Officer at McKay Brothers Group
Marie-Pierre Caley


Marie-Pierre obtained her Doctorate in geography from the Université de Paris 8 in 1991. After supporting two local NGOs in Afghanistan during two years, she co-founded the Kabul Emergency Project in 1992. In 1993, she co-founded the Agency for Technical Cooperation and Development (ACTED) in Afghanistan. Since then, as General Delegate of ACTED, she has opened offices and launched programmes in 25 countries in Eastern Europe, Asia, Africa, Latin America and the Middle East. Marie-Pierre also created ACTED Regional Platforms in India, Kenya and Jordan. She has been President of OXUS Development Network since 2005 when it was established.