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Devfin Advisers




Devfin Advisers has a framework agreement with Sida for Services and advice within Development Finance (2013-2017 with option of one year extension.) Under this agreement Devfin Advisers have so far undertaken some twenty assignments including a study on Innovative finance, advice on a guarantee to Asian Development Bank, mapping of innovate financing in Latin America and Europe, preparation of a guarantee to a global media fund, advice on a health innovative bond by a major Scandinavian bank and a study on financial options to support environmental friendly transport solutions. Devfin’s core team under this agreement is presented below.

Sigrun Aasland
has a M.A in International Economics from John Hopkins University. She has ten years of professional experience in economic analysis, development finance, country and institutional risk analysis, and policy development as a former staff member of the World Bank and Norfund. Her specialties include emerging markets, renewable energy, and public policy for growth and innovation. Sigrun was Director of the Climate and environment group at Pöyry Management Consulting, Norway, advising Norwegian authorities and business on industry and growth policy measures and climate policies. She also served as Development Policy Adviser in Norfund. She has experience from the World Bank with funding recovery efforts in fragile states. Sigrun works besides English, in French and Portuguese.

Jonas Ahlén
has a B.Sc. in Economics from Uppsala University, and postgraduate studies in International Politics at Columbia University. He has 15 years experience from the financial markets active in both the private and public sector. In 2015 he founded Impact Investment advisory firm Ahlen & Partners, and prior to that was the CEO of Storebrand Asset Management in Sweden where he also built one of the largest institutional Impact Investment portfolios with a focus on developing markets. Prior to this Jonas spent close to five years with Sida as a Programme Manager in Loans and Guarantees with extensive transaction experience from Asia, Africa and Latin America. Much of his work at Sida centered around Innovative Financing and Public Private Partnerships, working with private sector financiers and foundations globally to mobilize capital for development. Jonas started his career as an investment banker in London where he was a Vice President in the Global Markets division at JP Morgan. He served on the investment committee of the Norwegian Microfinance Initiative and advisory board of the Deutsche Bank Microfinance Consortium as well as Green Agri Co. Jonas is fluent in Swedish and English with a basic knowledge in French and German. He lives in Stockholm with his family.

Greg Ansermino
is a Bachelor of Commerce degree from the University of Cape Town and a Bachelor of Laws from the University of the Witwatersrand. He was appointed Director for Standard Bank Project Finance in 1998. Under his custody, the project finance business expanded form its original power & infrastructure mandate to include telecommunications, accommodation, natural resources & industrial projects as well as the bank’s international export finance business. Greg led the Standard Bank of South Africa team in financing the Emerging Africa Infrastructure Fund. In 2009, Greg left Standard Bank to set up his own consultancy specializing in infrastructure and resources finance. He is currently active in the transport (road and rail), mobile, power and health sectors where he is both advising on and developing projects. Greg is based in Johannesburg.

Lars Ekengren
holds a MBA from Stockholm School of Economics. He has a highly distinguished career in top positions in development cooperation over a 40 year period. He is a former Deputy Director General of Sida and has been head of both the Africa Department and the Department for Infrastructure and Economic Co-operation (INEC) at Sida. He is former Managing Director and Chairman of Swedfund International. He is also former Director General of the East African Development Bank (EADB) and senior adviser to the Nordic Investment Bank (NIB). He has held positions as Board Chairman of Nordic Development Fund (NDF), Helsinki, Norsad Fund, Lusaka and Edfund, Zurich. For the last decade he has worked in numerous assignments with Devfin for Sida and other clients.

Åke Fors
holds a Master of Laws University of Lund and Special Degree in Marine Law at Oslo Law Faculty. Since 1987 he is a partner of Setterwalls Law firm and from 2005 he has been head of Setterwalls' Financial Markets Group - Banking, Finance and Insurance. Åke has more than 25 years of experience of financial law, insurance and reinsurance law and also as arbitration counsel and arbitration in Sweden and in the USA as well as miscellaneous international proceedings and transactions, inter alia, project financings. On a number of occasions, he has been named one of the leading lawyers in Sweden in banking, finance, company law and particular aircraft finance. He teaches at the Faculty of law at the University of Stockholm and has written numerous articles on various legal topics. He has undertaken a series of assignments under the Sida Financial Framework agreement.

Stefan Jansson
holds a BA from Stockholm University and a MA (equivalent) from the Diplomatic Academy of Vienna. Stefan has held a number of executive, independent financial advisory, board representative, investment committee, and other appointments in the area of development finance. He was Director of Swedfund’s Regional Office in Nairobi (2009 – 2012) and headed up GuarantCo during its start-up phase (2004 – 2005). Stefan has a robust skills base in investment and funding facility appraisal, design of innovative models for blended finance and management of investment operations. Stefan has a balanced experience from both the public and private sectors, and has worked in many different countries and regions for institutions such as Sida, Swedfund, GuarantCo, IFC, World Bank, Swedish Board for Investment & Technical Support, World Food Programme, and Ericsson. Stefan Jansson is part of the core team from July 2016.

Sophie Papasavva
holds a BSc in Economics from University College London and completed a postgraduate thesis in political economics at the same university. She is a former Director of Standard Bank of South Africa (Loans, Syndications and Sales) and prior to that was Vice President for JP Morgan Chase Bank (Loan Capital Markets). Since 2010 Sophie has been managing her own firm, EMFC, which offers transaction execution support to companies seeking to raise bank debt; since inception Sophie and her team have worked on more than US$2 billion of loan transactions. Overall, Sophie has 18 years of banking experience, exclusively in loans - origination, structuring, execution, syndication and restructuring. Her banking background included numerous loans where credit analysis and risk assessment was part of the daily job responsibility. She has a wide geographical experience with successful loan closures across Africa, Asia, Western and Eastern Europe and Latin America. Sophie is based in London.

Kaushik Ray
received his LLB (Hons) from the University of London (Kings College) with a Diploma in European Legal Studies from the University of Strasbourg. Kaushik qualified as a solicitor in England and Wales in 2003 and was admitted to the State Bar of New York in 2007. Kaushik has experience in project finance across a range of sectors in both infrastructure transactions and energy markets and from 2001-2008 was at Allen & Overy, based in London, Paris and Singapore. Kaushik has wide experience advising commercial banks and development finance institutions on infrastructure and energy projects in developing markets, with a particular focus on sub-Saharan Africa. Kaushik’s experience extends to South East Asia, South Asia, the Middle East, Central Europe, Western Europe and Latin America, as well as both Anglophone, Lusophone and Francophone Africa. Kaushik is British and speaks fluent English, business French, conversational Italian and Bengali and basic Swedish and German. Kaushik is based in London.

Dianne Rudo
holds a MBA in Finance from New York University. She has 30 years of international infrastructure finance transactional and advisory experience, having held senior positions in both the public and private sectors. With an investment banking background as a partner at a Wall Street firm (Corporate and Project Finance), she has mixed developmental and commercial work for the last 20 years. She has global experience in project finance, the use of guarantee products, PPPs, commercial and political risk analysis for projects in developed and developing countries, having closed transactions representing over USD 30 billion. Dianne has excellent knowledge of transactional, credit and capital markets issues worldwide; including in Anglophone and Francophone Africa, South and Southeast Asia, Eastern Europe, Latin America and the Middle East. She created and managed, as Vice President, the Project Finance Division of the Export-Import Bank of the United States. Dianne is based in Washington DC.

Henric Thörnberg
has a BA in economics, Stockholm University. He has since 2003 been a working as an independent consultant for various organizations and his previous employer Standard Bank, one of the largest global banking groups with a focus on emerging markets. His assignments involves ECA credits, limited recourse finance, trade finance, corporate finance, public finance, all with a focus on emerging markets. He has worked in most of the Sub-Saharan African nations, interacting with a number of development finance institutions including NDF, NIB, FMO, Proparco, DEG, Swedfund, Finnfund and Norfund. His advisory work has also involved tasks for various private companies and organizations such as Norsad, AfDB, Sida and GuarantCo. He had advised Norfund on setting up a guarantee facility. Besides English, Henric works in Portuguese.

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