- Date written
- July, 2020
- Contact for guarantco
- Marjolein van Kampen
- Communications Director
- +44 (0)738 8857097
- Contact for Cardano Development
- Elle Leontiev
- Corporate Communications Manager
- +31 (0) 682 809 314
GuarantCo Management Company (GMC), GuarantCo’s fund manager and a subsidiary of Cardano Development, has made a number of senior management changes to ensure that GuarantCo, a Private Infrastructure Development Company, is well prepared to deliver against future growth opportunities and achieve its goal to establish a USD 2 billion portfolio by 2025.
Effective 1st July 2020, Nishant Kumar, currently Regional Director, South Asia, has been promoted to Managing Director, Asia and Jules Samain, presently Regional Director, North & West Africa, has been promoted to Managing Director, Africa taking over responsibilities of Janice Kotut-Sang, currently Regional Director, East & Southern Africa, who has been promoted to Managing Director, PIDG InfraSolutions.
PIDG InfraSolutions is a new initiative to increase the number of long-term local currency financed infrastructure projects in lower income countries across Africa and Asia.
The new Managing Directors will be joining the Executive Committee of GuarantCo Management Company.
Lasitha Perera, CEO of GuarantCo said:
“Since we were established in 2005, we have come a long way. In the last few years, we have gained significant momentum and created developmental impact through the continued support of our five funding G20 governments, the Private Infrastructure Development Group, Cardano Development, GuarantCo’s fund manager, and the dedication of our team. Considering the various growth opportunities that we have created and our goal to establish a USD 2 billion portfolio by 2025, financial sustainability has become a key priority. We can only deliver this by having the right team in place and I am therefore delighted that we have been able to make those senior appointments to ensure that we are well set up to deliver for the future.”