PATIENCE MATSHE (MR)

Transcription

1 (MR) DATE OF BIRTH: October 27, 1960 NATIONALITY: Zimbabwean QUALIFICATIONS: Master of Business Administration (Banking and Finance) 1990 Case Western Reserve University, Weatherhead School of Management, USA Bachelor of Business Studies (Honors-Accounting & Finance) 1984 University of Zimbabwe, Zimbabwe BEC National Diploma in Business Studies 1981 Whitwood College, UK Member of the National Association of Securities Dealers, USA. 1990, Series 7 & 63 Fulbright Scholar 1988 J. William Fulbright Scholarship Program USA SUMMARY OF EXPERIENCE: Mr. Patience Matshe has gained over a period of 24 years working in multi-cultural environments in the public and private sector as well as specific experience with international and regional development finance institutions in secured lending, quasi equity and equity investments. Below is a summary listing of the areas of experience. General administration, policy formulation, strategic planning and implementation. Accounting, financial management, people management and development. Structuring of equity, quasi equity, subordinated debt structuring. Portfolio management, financial management and advisory services. Stakeholder engagement and management of governments, shareholders and other cooperating partners. Funding raising from local, regional and international partners and other investors. Investment Analysis, appraisal, deal structuring, negotiation and project management. Structuring of mergers and acquisitions. Management buyouts and buy-ins. Monitoring and evaluation of projects, policies and programs. Business reviews, valuations and financial audits. Preparation and presentation of high level papers to Boards of Directors, current and prospective financiers and other stakeholders. Ex-Ante and Ex-Post development impact analysis and social & environment analysis. Representing organizations on several Boards of Directors and Committees. Researching, analyzing and preparation of various concept papers. Country Experience: Angola, Botswana, Lesotho, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Tanzania, United States of America, Zambia, Zimbabwe. Sector Experience: In financial institutions, agriculture, agribusiness, chemicals, packaging, insurance, tourism, general manufacturing and horticulture. Has specific expertise in Small and Medium Sized Enterprises (SMEs) financing and development.

2 EMPLOYMENT RECORD Managing Partner Pamaso International Limited Harare, Zimbabwe January 2013 Present Development and Financial Advisory Non applicable 1. Financial sector development, advising on establishment of credit programs for small and medium sized businesses. 2. Investment climate studies and advisory services for foreign direct investment into the SADC region. 3. Carrying out financial audits for commercial and donor funded programs. 4. Corporate Finance services including balance sheet restructuring and capital raising for SMEs and larger corporates. 5. Country Advisor role for regional and international development finance institutions. Senior Advisor Norsad Finance Limited Gaborone, Botswana April 2012 December 2012 USD100 million Investment Company To pursue other professional interests 1. Business Development and Procedures a. Advise and participate in preparation of the strategic vision and business development; b. Preparation of internal handbook of investment and monitoring procedure; c. Implementation of the Social and Environmental Sustainability Policy and formulating the Development Impact Assessment Policy. 2. Investment Operations and Marketing a. Member of internal screening committee that reviews client eligibility and risk assessment utilizing sponsor worksheets, background checks, references checks etc; b. Developing Country Advisor and/or Shareholder partnership model for each Southern African Country where Norsad is operating. c. Preparation and implementation of a country specific and overall regional marketing strategy for the organization. 3. Training & Development a. Review the training requirements for staff skills upgrading to meet the Company s business strategies and recommending required training programs. 2

3 b. Assessing and identification of capacity gaps in client organizations and developing capacity building tools and organizing funding. 4. Management a. As member of management team, provide leadership in the management of company financial and human resources. b. Research, preparation and presentation of policy documents. 3

4 Deputy Chief Executive Officer Chief Investment Officer NORSAD Fund & Agency 74 Independence Avenue, Lusaka, Zambia January 2003 March 2012 USD80 million, Joint Nordic - SADC development finance institution. Organization transformed into another new institution. Main responsibilities: Deputy Chief Executive Officer (CEO) 1. General management of the Agency in line with its Mission and Objectives, in line with the development priorities of the Southern Africa Development Community (SADC) and of the Nordic countries. 2. Human resource management: Participated in the hiring, development and supervision of professional staff for both the investment and portfolio departments. 3. Board secretarial duties: Ex officio member of board, assisting CEO prepare board papers, make presentations and act on matters arising from those meetings. 4. Strategic issues: Assisted in the setting up of the organization s strategic vision and developing the requisite business plans to achieve it. 5. Transformation Process: Provided support to the CEO in the preparation of documentation and all the processes leading to the successful transformation of NORSAD Fund & Agency to a new entity, Norsad Finance Company. Chief Investment Officer (CIO) 1. Leading NORSAD s investment program in eleven countries in the SADC region. 2. Investment Strategy formulation and implementation. 3. Developing and implementing the business development strategy. 4. Leading the effort to increase funds utilization from 41% in 2002/3 to the current level of just below 100%. Helped transform NORSAD to a profitable entity one. 5. Streamline and standardize project identification, appraisal, due diligence process and documentation; structure appraisal process and internal documentation to make the process more thorough, to reduce failures and cancellations. 6. Leading multidisciplinary investments teams that included finance specialists, social experts, environmentalists and industry specialists in identification, processing, and closing of new business. 7. Guidance in the preparation of project papers for board consideration. 8. Presenting new project papers to the board for discussion and approval. 9. Review and verification of all disbursement requests and related legal documentation. 10. Management and professional development of the investment team, staff appraisals, and training needs assessments and maintenance of good levels of motivation. 11. Establishing and maintaining productive relations with local financial institutions, development finance institutions (DFIs), relevant government departments and regulatory bodies all member countries. 12. Maintaining strong relationships with strategic governmental and regulatory bodies in all member countries. 4

5 Investment Officer International Finance Corporation (Member of World Bank Group) Sub Saharan Africa Department, Washington DC, United States of America April 1994 December 2002 Largest multilateral financier of private sector with portfolio of USD50 billion. Career development. Opportunity to help turnaround a regional DFI. 1. Providing secured debt, equity and mezzanine financing to private sector in Southern Africa. 2. Support other sector teams Also participated in larger cross regional transactions and acquired substantial Sub Saharan African experience. 3. Promotion of IFC s SME and mainstream investment programs in the Southern Africa. 4. As lead member of a team comprising the Industry Specialist, Environmental Officer and Legal Counsel: Project identification, appraisal, analysis and evaluation of investment projects to determine their appropriateness for IFC funding. Structure project financing models (short and long term) and conducting detailed negotiation of terms and conditions of investments with project promoters and cofinanciers. Prepare relevant investment documentation for internal discussion and presentation to IFC s senior management and the IFC Board. Supervising project implementation process to ensure projects were implemented on time and within budget. 5. Management of an existing portfolio of 14 projects to ensure continued project viability and anticipate additional funding requirements. 6. Monitoring of problem projects, the development of workout plans and restructuring. 7. Representing IFC in shareholders and board meetings of portfolio projects. 8. Providing input into the annual World Bank Country Strategy papers. 9. Supervising junior staff (portfolio officers, staff assistants) and acted for the Regional Representative as assigned. 10. Advising on offshore financing, foreign currency risk hedging and debt swaps. 11. Maintained working relationships with country, regional and international development finance institutions. 5

6 Financial Management Consultant Coopers & Lybrand (PricewaterhouseCoopers) Harare, Zimbabwe September 1992 March 1994 Global auditing, accounting and advisory services with presence in 159 countries. Opportunity to join IFC and contribute to regional private sector development. 1. Feasibility Studies and tender evaluation: a. Prepared and or evaluated clients proposals for new or expansion projects. b. Advised the clients on alternative investment projects. c. Financial evaluation of tenders from foreign and local suppliers on behalf of private sector and quasi-governmental organization. 2. Corporate Finance a. Valuation of unlisted private companies and of shareholding interests. Review of the existing assets, contracts, market share, competition, budgets etc. b. Carrying out a major valuation of a European investment bank's majority shareholding in a group of six Zimbabwe companies. c. Accessing the feasibility of introducing new financial products in Zimbabwe. d. Structured finance transactions for client companies for cost reduction and to achieve most optimal and cost effective funding structures. 3. Accountancy a. Reviewing and conducting profitability assessments, and peer group comparative analysis using historical accounting data. b. Undertaking reviews of internal control systems, making suggestions for improvement and Accounting Manuals. 4. Financial Auditing a. Financial audits for non-governmental organizations in Mozambique, and Zambia and Zimbabwe. b. Implementing improvements to the accounting procedures relating to the control of stores, plant, equipment and revenues. 6

7 Financial Planner IDS American Express (Ameriprise) Woodmere Village, Cleveland, USA January 1990 January 1992 Leading financial services company in the USA with USD630 Billion assets under management. End of my Fulbright Scholar professional development and work program. 1. Advising both companies and high net worth individuals on investments-money market, mutual funds & stock markets. 2. Structuring and managing short and long term investment portfolios. 3. Designing and management of pension and risk management schemes. 4. Accounting and tax consultancy work for small and medium sized companies. 5. Carrying out market research and analysis on behalf of corporate client. 6. Placing of trades and investments. 7. Providing insurance services (life, disability, long-term care etc.) Assistant to Technical Services Director Case Western Reserve University, Technical Services Department Euclid Avenue, Cleveland, Ohio 44106, USA June 1989 December 1989 Maintenance of university property and buildings. Career development. 1. Receiving and documenting of maintenance requests. 2. Liaising with technical staff, prioritizing job requests, and scheduling. 3. Costing of jobs with input from procurement department. 4. Computerizing the university s fire extinguisher system and the telecommunications accounting system using Turbocash and Dbase IV software. 5. Assisting in preparing budgets and budgetary control system for the department. 6. Preparing and presenting asbestos claims to relevant agencies on behalf of the university. 7

8 District Accountant Electricity Supply Commission (Zimbabwe Electricity Supply Authority) Harare, Zimbabwe June 1985 August 1988 Electricity generation, transmission and distribution. Taking up offer of Fulbright Scholarship most prestigious USA mid-career exchange program. 1. District's accounting activities including budgeting, costing and, month-end accounts preparation and presentation. 2. Establishing the district s first accounting section, setting up systems and controls. 3. Hire, train and management of junior accounting and technical staff. 4. Billing and revenue collecting. 5. Team member in the financial integration of six power authorities stores management system into a new organization, Zimbabwe Electricity Supply Authority. 6. Providing support to the District Engineer on job costing and procurement. Internal Auditor Workers Compensation Insurance Fund Compensation House, Central Avenue and Forth Street, Harare, Zimbabwe January 1985 May 1985 Workers national insurance scheme for job related injuries and disabilities. End of my Fulbright Scholar professional development and work program. 1. Conducting stores and cash audits at head office and district offices. 2. Checking claims, approval protocol and payment vouchers. 3. Reviewing of accounting controls and compliance, recommend improvements. 4. Instigating of cases of fraud, theft and misappropriation. 5. Preparation of weekly internal audit reports for management. 8

9 ADDITIONAL INFORMATION Language Skills Language Speaking Reading Writing Shona Very well Very well Very well Ndebele Well Well Well Zulu Well Well Fair English Very well Very well Very well Portuguese Elementary Elementary Elementary Recent Papers presented on Small and Medium Sized Enterprises (SMEs) 1. Why SMEs fail and what can be done about it. 5 th Africa Development Finance Conference. 2. Some challenges in achieving development impact through SMEs. 7 th Africa Development Finance Conference. Sample of some of the Internal & External Courses attended Analysis & Evaluation of Investment Projects Harvard University (Harvard Institute of International Development). Project Financial Analysis International Finance Corporation (IFC) Remote Access Training - IFC Developmental Impact of Private Sector investment projects IFC Analysis and Appraisal of banking institutions - IFC Project Finance - University of Cape Town (Graduate School of Business) Strategic Management - University of Cape Town (Graduate School of Business) Credit Analysis Techniques Euromoney Training Bank and Country Risk Analysis Euromoney Training Credit Risk Analysis for SMEs Euromoney Training Subordinated lending, Equity and Quasi Equity Euromoney Training Equity, Quasi Equity & Mezzanine Financing in African context Africa Growth Institute, Stellenbosch University. Contact Details: pm.matshe@gmail.com pmatshe@hotmail.com Telephone: (Landline), (Mobile) Referees : Referees will be provided upon request. Patience Matshe 9