Our Management Team
Executive Management
Christoph Freytag
Managing Director
Christoph leads core business support areas such as Finance, Fund Operations, Legal, Compliance, and IT. Christoph spent over 20 years championing inclusive banking and development finance in emerging markets. He has led institution building operations in Russia, Bulgaria, and Serbia; served as Managing Director of IPC; and became the first Managing Director of ProCredit Bank Germany in 2012. He joined the team of Managing Directors at Finance in Motion in 2018. Christoph is certified banker and graduated (M.A.) in economics from the Frankfurt University.
Elvira Lefting
Managing Director
Elvira manages debt investments, technical assistance operations, and the company’s regional offices. She has devoted her career exclusively to development finance, combining financial sector development with the objectives of small business growth, housing improvement and the green and sustainable economy. Elvira started her professional career in 1998 in Russia at German development consultancy IPC before moving to the EBRD, the China Development Bank and then KfW Development Bank. In early 2010 she was appointed Managing Director at Finance in Motion. Elvira holds an M.A. in Slavic Studies from Heidelberg University.
Florian Meister
Managing Director
At Finance in Motion, Florian oversees equity investments, project finance, investor relations, and impact and sustainability management. He started his career in M&A at Wasserstein Perella in New York in 1989 before working at several investment banks in Germany. In 2005, he advised on the inception of EFSE and later became CFO to the Fund Advisor before becoming the company’s first Managing Director in the foundation of Finance in Motion in September 2009. Florian holds an MBA from INSEAD, Fontainebleau, and a B.A. in Economics and Political Science from Swarthmore College, Philadelphia. He also runs an ecological mountain farm in South Tyrol that makes cheese.
Sylvia Wisniwski
Managing Director
Sylvia oversees risk management, strategy, and planning, along with Finance in Motion’s Luxembourg branch. She has more than 25 years’ experience in development finance in over 30 countries and started her career at the German International Cooperation (GIZ). She has worked as a consultant for international organizations and held various management positions at consulting companies and asset managers before her appointment as Managing Director at Finance in Motion in 2010. Sylvia holds both an M.A. in Political Science and Sociology and an MBA from Tübingen University as well as an M.A. in International Studies from the University of Miami, Florida.
External Relations
Milena Bertram
Director
Milena is responsible for External Relations at Finance in Motion. Previously, she co-headed the SANAD investment team, with a focus on Northern Africa. She also built up the technical assistance facilities for a number of funds advised by Finance in Motion. Before joining the company, Milena gained experience with capacity building for banks and microfinance institutions as a Project Manager for a development finance consulting firm. Milena holds a master's degree in Political Science, Economics and History from the University of Cologne.
Finance & Compliance
Davina Krumbholz
Manager
Klaus Niesik
Director
Klaus Niesik is responsible for the financials of Finance in Motion including budgets, planning, financial statements and taxes. He is also compliance and anti-money-laundering officer. After studying Economics at the University of Applied Sciences in Wiesbaden, Mr.Niesik started his professional career at Kraftanlagen AG. In 1992 he moved to the Frankfurt School of Finance & Management (former Bankakademie) where he got promoted to Financial Director. Before joining Finance in Motion in 2009, Mr. Niesik worked at the European Business School (EBS).
Michael Seufert
Manager
Human Resources
Thomas Zahay
Director
Tom is responsible for global Human Resources at Finance in Motion. Before joining the company in 2018, he spent 25 years developing and leading international HR teams in the internet, software and IT sectors. Tom holds a Bachelor’s degree in Communication from Arizona State University and a certificate in Organizational Transformation from Duke University.
Impact & Sustainability
Milena Bertram
Director
Milena is heading Finance in Motion’s Impact and Sustainability unit. In the past, she has gained first-hand investment experience, having co-headed the SANAD investment team, with a focus on Northern Africa. She also built up the technical assistance facilities for a number of funds advised by Finance in Motion. Before joining the company, Milena gained experience with capacity building for banks and microfinance institutions as a Project Manager for a development finance consulting firm. Milena holds a master's degree in Political Science, Economics and History from the University of Cologne.
Sarah Hessel
Manager
Nadine Kruschbersky
Manager
Investment Management Debt
Aleksander Stojkov
Manager
Sandra Abella
Director
Sandra Abella directs the regional operations of Finance in Motion in Latin America and the Caribbean, particularly for the eco.business Fund. A finance and banking expert with 20 years of experience in investment and advisory services, Sandra specializes in green finance, financial inclusion, distribution channel development, credit and risk analysis, and mobile finance. She received her Master’s degree from the University of Sydney and her B.A. from the Universidad Externado de Colombia.
Mario Torres
Manager
Mohamed Emad Eldin Aly Morsy
Manager
Oxana Binzaru
Regional Director
Oxana manages the investment activities of the European Fund for Southeast Europe and the Green for Growth Fund in the European Eastern Neighbourhood Region and Romania. Oxana has more than 15 years of experience in banking, portfolio management, debt structuring and financial institutions due diligence. Before joining Finance in Motion, Oxana worked for the National Bank of Moldova in the Banking Regulation and Supervision Department. She holds a degree in banking and finance.
Maja Mehmedovic
Manager
Lachlan Cameron
Manager
Maja Gizdić
Director
Maja works as a director responsible for the entire GGF investment portfolio in all countries and for the EFSE investment activities in Bulgaria, Croatia, North Macedonia, Montenegro, Serbia and Turkey. Maja has more than 14 years of experience in development finance in Southeast Europe, Caucasus and the MENA region. In 2008 she joined the advisory team of the EFSE, moving on to Finance in Motion in 2009.
Jaspreet Stamm
Director
Jaspreet oversees the eco.business Fund sub-Saharan Africa sub-fund and has strong expertise in development finance, especially related to biodiversity/conservation finance and climate smart agriculture. She previously worked on funds covering Latin America as well as the Middle East and North Africa. Prior to Finance in Motion, she was at the Inter-American Development Bank, where she focused on providing credit lines for ‘green lending’ at private sector financial institutions. Jaspreet holds an MSc in Local Economic Development from the London School of Economics.
Lloyd Stevens
Director
With 20 years experience in banking and development finance, Lloyd now heads the GGF team. Lloyd began his career with Dresdner Bank and moved into development finance in 2001. Before joining Finance in Motion he was team leader for the pre-closing stage of the Regional MSME Investment Fund for Sub-Saharan Africa and a freelance consultant. Lloyd holds a Masters in International Management from the Thunderbird School of Global Management and a bachelors in Economics and German literature from the Vanderbilt University.
Jasminka Begert
Director
Prior to joining Finance in Motion Jasminka worked for the Central Bank of Bosnia and Herzegovina in foreign currency reserves management and for the Bosnia and Herzegovinan KfW office as a Banking Sector Analyst and Risk Manager for the EFBH fund. Since 2005 she has worked on coordinating the EFSE’s investment and risk management activities. She holds a Master of Arts in Economics from the Central European University (Essex, UK / Budapest, Hungary).
Oguz Bardak
Manager
Burcu Karpuz
Regional Director
Burcu works as an Investment Manager for Turkey and also heads Finance in Motion’s office in Istanbul. Burcu has more than 15 years of experience in correspondent banking, trade finance and structured finance focusing on relations with financial institutions and developing trade finance facilities. Before joining Finance in Motion she was working for DenizBank as Department Head of Financial Institutions. She holds a degree in political science and public administration and has MsC in International Finance.
Andrii Stoliar
Manager
Federico Sinisterra
Management
Vanja Cico
Manager
Mejra Juzbašić
Regional Director
Mejra manages the Southeast European investment and technical assistance portfolios of the European Fund for Southeast Europe and the Green for Growth Fund. Mejra has more than 17 years of experience in banking and microfinance in Southeast Europe, the Caucasus, and the Middle East and North Africa, and she also oversees operations at the Finance in Motion office in Sarajevo. Before joining Finance in Motion, Mejra was a Senior Auditor for Deloitte, and she previously worked on the restructuring and sale of the Privredna Banka Sarajevo Group, a project led by International Finance Corporation and the Bank Privatization Unit in the Federation of Bosnia and Herzegovina. She holds an MA in Economics from Bowling Green State University, and a BA in Business Administration from Bluffton College, both of which are based in the United States of America.
Dragan Spirovski
Manager
Investment Management Equity
Maxine Chehab
Manager
Mathias Dittrich
Manager
Uwe Schober
Director
Uwe has overall responsibility for the SANAD Fund and equity investments at FiM. Previously, he spent more than twelve years in investment banking in various positions with Warburg, UBS and Morgan Stanley working in M&A and helping to raise capital (equity, debt and hybrids) for a variety of companies in various industries. He also assisted high technology firms in Moscow to access the Russian market. Uwe holds a bachelor’s degree in economics from the VWA Stuttgart, an MBA from London Business School and an MA in Documentary Photography from LCC (London).
Iveta Tancheva-Nikolova
Director
Iveta is currently responsible for the SANAD Equity Sub-Fund II and previously oversaw the investment portfolios for the EFSE and GGF funds in the South Caucuses. She joint Finance in Motion in 2012 after spending 10 years in M&A and capital markets at HSBC and ING Barings in London. Iveta helped emerging market companies in raising capital, she also advised clients in the financial services sector. Iveta holds an MBA from the Weatherhead School of Management (US) and the CEU in Budapest.
Technical Assistance
Marianne Sulzer
Manager
Investor Relations
Steffen Klawitter
Director
Steffen Klawitter is responsible for fostering relationships with private sector investors. Before joining Finance in Motion, he served as an expert for wealth management and impact investing at Deutsche Bank. He holds a degree in Business Administration from the Baden-Württemberg Cooperative State University, Mannheim, and is a Certified Wealth Advisor through the European Business School.
IT
Reghina Ribalev
Manager
Matteo Snidero
Director
Matteo heads the IT team of Finance in Motion. In this capacity he oversees the design and development of the company’s software solutions as well as the management of networks and cloud presence. Before joining Finance in Motion, Matteo’s career focus has been on providing IT solutions for Micro and SME banks in emerging economies. Matteo has an MSc in Information Technology from the CEFRIEL Consortium at Milan Polytechnic University and a degree in Physics from the University of Trieste.
Legal
Dr. Daniel Beck
Manager
Laura Vilsmeier
Manager
Dr. Eike Wagner
Director
Before joining Finance in Motion as Head of the Legal Department, Eike worked at the Frankfurt office of a major international law firm and at a leading European independent private bank. Eike has over ten years of experience particularly in the fields of domestic and cross border financing including structured finance transactions, leveraged buy-outs and syndicated lending as well as banking and capital markets law.
Marketing & Communications
Merle Römer
Manager
Risk Management
Sergii Baklazhenko
Manager
Njomëza Freudl
Manager
Damir Kurtovic
Manager
Tamara Roglic
Manager
Andrii Rozumnyi
Director
A risk professional with 20 years of experience, Andrii leads the risk management of FiM, including credit risk management and risk controlling functions. Before joining the company, he was successfully leading, developing and transforming risk management at various banks in the CIS region, as a manager and as a consultant. Andrii studied European economic policy and integration at the Viadrina European University in Frankfurt (Oder) and economic modelling at the Taras Shevchenko National University of Kyiv, where he received his Master’s degree in Economics.
Goran Vujović
Manager
Strategy & Planning
Mario Jertz
Manager
Thorsten König
Manager
Simon Sonnekalb
Manager
Diego Stapff
Director
Diego is the director of Finance in Motion’s operations in Strategy and Planning, Treasury, and Monitoring and Reporting. Previously, he played a key role in the establishment of the eco.business Fund and ran asset-liability management, planning, and product development for the EFSE fund. He started his career as a member of the team managing development funds at the Frankfurt School of Finance & Management. Diego studied economics at Universidad de la República in Uruguay and holds a masters’ degree in International and Development Economics from the University of Applied Sciences, Berlin.