Frederick “Bart” Harvey
Chairman of the Board
For over 30 years, Bart Harvey has been an innovator in providing decent, affordable housing and a path out of poverty for low-income families. As the former Chair and CEO of Enterprise Community Partners, Mr. Harvey is credited with growing Enterprise’s impact from investing $200 million supporting 5,000 affordable homes annually, to more than $1 billion supporting more than 20,000 homes annually.
Mr. Harvey’s unwavering commitment to providing homes for America’s working families matches Calvert Impact Capital’s mission, and he equips our board with expertise in an area we have a significant amount of our investment portfolio dedicated to: affordable – and sustainable – housing for families who need it most. Along with Enterprise co-founder James Rouse, Mr. Harvey helped Congress create the Low-Income Housing Tax Credit, which provides financing for the majority of affordable rental homes in the country. He also led Enterprise’s launch of the Green Communities initiative – an unprecedented commitment to sustainable development’s benefits to low-income communities nationwide.
Phil Kirshman
Governance Committee Chair
Phil Kirshman is the founder of Impact Metropolis, a virtual gathering place for the impact investing community. Prior to Impact Metropolis, Phil was the Chief Investment Officer at Cornerstone Capital Investment Management (CCIM), where he oversaw investment policy planning, strategic asset allocation optimization, investment implementation and portfolio reporting strategies. He served on Cornerstone’s Executive Committee and Investment Policy Committee. Prior to joining Cornerstone, Mr. Kirshman was a senior partner on a UBS Institutional Consulting team based in Boulder, Colorado, serving clients across the United States. Mr. Kirshman is a Chartered Financial Analyst and a Certified Financial Planner.
Mr. Kirshman serves on the board and is Treasurer of US SIF: The Forum for Sustainable and Responsible Investment, and is Treasurer of the US SIF Foundation. He also serves on the Advisory Council to the City of Denver Office of Sustainability, and chairs the Advisory Council to Mile High Connects, a public-private partnership supporting development of transit-oriented real estate development in the city of Denver. Mr. Kirshman graduated from the University of California, Santa Cruz, in 1986.
Jaime E. Yordan
Pension Committee Chair
Jaime E. Yordan served as a Managing Director of JPMorgan & Co. before becoming Managing Director and General Partner at The Goldman Sachs Group, Inc. in 1992, after joining in 1990. He established and ran Goldman Sachs’ Latin American business. Mr. Yordan served with Goldman Sachs until 2005. He left Goldman to become Vice-Chairman of Global Banking of Latin America Markets & Banking at Citigroup Inc. until January 29, 2008. He served for over a decade as a Board Member of Enterprise Community Partners and Chairman of Enterprise Community Investment. He has a distinguished 30-year career in Latin America and has served on numerous Boards.
Kathy Stearns
Investment Committee Chair
Kathy Stearns became an Investment Advisor Representative of First Affirmative Financial Network in 2007 to offer financial planning and socially responsible investment advice to individuals and families.
From 1997 to 2007, Kathy worked at Opportunity Finance Network, where she developed and implemented the first ever rating system for community development financial institutions, served as Chief Financial Officer, managed the organization’s financing activities, and provided training and consulting services to CDFIs.
Prior to working at Opportunity Finance, Kathy worked at ACCION International for 9 years, during which time she managed a microfinance organization in Costa Rica, helped start microfinance programs in the U.S., and provided training and consulting services to microfinance organizations in Latin America, Asia, and Africa.
Ms. Stearns received an M.P.S. from Cornell University and a B.A. from Duke University. She is a Certified Financial Planner™ and Accredited Investment Fiduciary.
Decker Rolph
Compensation Committee Chair
Mr. Rolph's professional experience to date has been in early-stage businesses, venture finance, private equity, and specialty finance. Importantly, impact and TBL (triple bottom line) principles have ebbed and flowed throughout his career, but nonetheless have comprised a true north and the lens through which he views business. With 15+ years experience, he has gained the ability to successfully navigate the challenges faced by start-ups as well as emerging companies, brands, and funds.
John Streur
Audit and Finance Committee Chair
John Streur is President and Chief Executive Officer of Calvert Research and Management. The company traces its roots to Calvert Investments, which was founded in 1976 and was the first to launch a socially responsible mutual fund that avoided investment in companies that did business in apartheid-era South Africa. Today, the Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed strategies, U.S. and international equity strategies, fixed-income strategies, and asset allocation funds — all managed in accordance with the Calvert Principles for Responsible Investment. Calvert Research and Management is a wholly owned subsidiary of Eaton Vance.
Mr. Streur began to focus his energy exclusively on responsible and sustainable investing in 2012, as President, Director and Principal of Portfolio 21, a boutique investment management firm specializing in global environmental investing. Previously, John spent 20 years at Managers Investment Group LLC (and its predecessor), a firm he co-founded and where he served as President, CEO and Chair of the Investment Committee. John was also President and Trustee of the firm’s fund family, Managers Funds and Managers AMG Funds. Managers Investment Group LLC grew to over $30 billion in assets under management and offered investment strategies across global equity, debt and derivative markets. John has managed socially responsible investments at the request of institutional clients, including public funds, religious institutions, and college and university endowments since 1991.
Mr. Streur is a graduate of the University of Wisconsin (Bachelor of Science, College of Agriculture and Life Sciences), where he also competed nationally and internationally as a member of the University's Rowing Team and as a member of the United States National Rowing Team. He and his wife Mary have four adult children.
Aron Betru
Portfolio and Risk Committee Chair
Aron Betru is the Chief Strategic and Operating Officer at Trident, an institutional asset manager that uses data and technology to invest in small businesses and provide equitable access to the American Dream.
Prior to Trident, Aron served as Managing Director of the Center for Financial Markets at the Milken Institute, where he led innovative financing and strategic initiatives focusing on practical ways and models to increase and better leverage resources to enhance social impact across the organization as well as with external partners, both in the U.S. and in developing countries.
Before joining the Milken Institute, Mr. Betru was the Co-Founder and Chief Executive Officer at Financing For Development, specializing in innovative financing solutions for international development, Mr. Betru pioneered new ways of leveraging guarantee-backed financing of public health commodities, mobilizing millions of dollars in both commercial lending for malaria and trade financing for reproductive health. Mr. Betru’s extensive experience includes international development roles at the United Nations Foundation, TechnoServe and Dalberg Global Development Advisors as well as private sector experience at McKinsey & Co. and Goldman Sachs.
Mr. Betru is a member of the Council on Foreign Relations and a contributor to the global dialogue on pandemic financing with speaking engagements at the National Academy of Sciences and Voice of America Interviews. Mr. Betru is also a member of the Board of Directors of FHI Foundation and Co-Chair of the Partnership for Lending in Underserved Markets (PLUM) initiative. He holds an MBA from Columbia University, an MA from Johns Hopkins SAIS, and a BA in Economics and International Studies from Northwestern University.
Ruma Bose
Ruma Bose is cofounder and Managing Partner at Humanitarian Ventures, an investment fund leveraging the potential of high growth technology companies for the humanitarian sector.
Previously, Ruma was President of Chobani Ventures and Chobani Foundation, supporting organizations and entrepreneurs with a mission to make better food for more people and President of Tent Foundation, where she established it as one of the leading foundations working to end the global refugee crisis. Ruma has held several executive positions and is a mentor to young entrepreneurs and civic leaders.
Ruma co-authored the international bestselling book, “Mother Teresa, CEO” which was translated into eight languages.
She is a member of the Young President’s Organization, is an advisor to the Soros Economic Development Fund and is active in the World Economic Forum as an advisor to its Humanitarian Investing Initiative and as a member of its Expert Network.
Ruma’s work has been featured in publications including The Economist, Wall Street Journal, Fast Company, NY Times, Financial Times, LA Times, Business Insider and Bloomberg.
Meesha Brown
Meesha Brown is Executive Director of PCI Media Impact, an international NGO that specializes in storytelling and strategic communication to inspire change for a healthier, more sustainable, and just world. Meesha is an expert practitioner in the fields of learning, social and behavior change communication, and facilitation.
Meesha is an award winning producer whose work includes the #ISurvivedEbola campaign – a multi-media effort to spread life-saving health messages and combat stigma during the 2014 West Africa Ebola outbreak. Before working in the international development sector, Meesha began her career in public education - teaching middle school for over 10 years, a tenure as Director of Literacy for New York City Public Schools, and work with states and national organizations to develop and implement more effective k-12 education policies.
Meesha hails from West Texas, where she grew up with nine siblings. In all of her work, Meesha aspires to employ a pedagogy of love.
Deborah Burand
Deborah Burand is the director of the International Transactions Clinic and co-director of the Grunin Center for Law and Social Entrepreneurship. She writes and lectures on issues related to impact investing; social finance innovations such as social impact bonds; social entrepreneurship; international finance; microfinance and microfranchise; and developing sustainable businesses at the base of the economic pyramid. She was formerly director of the International Transactions Clinic that she cofounded at The University of Michigan Law School in 2008. In 2010-11, Burand took a leave of absence from Michigan Law to serve as general counsel to the Overseas Private Investment Corporation, the development finance institution of the United States. Prior to joining Michigan Law, she worked in the microfinance sector. Earlier in her career, she was a senior attorney in the international banking section of the Federal Reserve Board's Legal Division; and then at the US Department of the Treasury where she was first the senior attorney/adviser for international monetary matters, and later the senior adviser for international financial matters. She also practiced law at the global law firm Shearman & Sterling.
Deborah is a member of the Bars of New York and the District of Columbia. She earned her BA, cum laude, from DePauw University and a joint graduate degree, JD/MSFS with honors, from Georgetown University.
Mario Espinosa
Mario Espinosa has spent his 35 year career working in Latin America's emerging debt financial markets. He was Managing Director and Co-Head of Citigroup's Latin America Debt Markets group, which led Citi's business in syndicated finance, bridge lending, and local and international debt capital markets. Based in New York and later in Miami, he led a team of senior debt markets professionals located in New York, Mexico, Bogota, and Sao Paulo, and worked closely with Citi's Corporate and Investment Banking teams throughout the region. He was also one of a handful of Senior Securities Officers in Citi Worldwide, responsible for approving underwriting and bridge loan risk, and was also responsible for approving leveraged finance transactions in the region.
Prior to this position, Mario was Head of Capital Markets at Citi Mexico, and before that he served as Corporate Bank Head for Citi in Panama. He began his career at Citibank in Mexico and worked at the Inter-American Development Bank in Washington, D.C.
He is a graduate of Georgetown University's School of Foreign Service, where he remains active in alumni activities benefiting the university. Mario also completed all coursework for a Master's degree from the Fletcher School at Tufts University. He is active on several boards. Mario is fluent in English and Spanish, and proficient in French.
Dr. Jennifer Isern
Dr. Jennifer Isern, CFA, brings over 30 years of experience in development in more than 70 countries. She launched Catalyze Global Impact LLC to promote investing and technical assistance to leverage financial and private sector solutions that improve quality of life for people globally. Previously, Dr. Isern served 23 years in multiple roles in the International Finance Corporation (IFC) and the World Bank Group, including as Senior Manager in South Asia and later in East Asia and the Pacific. With the World Bank Group, Dr. Isern was based in New Delhi (2009-2016) and Hanoi (2016-2019) leading regional teams to support our clients on financial and private sector development with focus on expanding access to finance for households and SMEs, fintech and payments, financial infrastructure, debt resolution and insolvency, agribusiness, and capital markets. Earlier, Dr. Isern worked as Lead Microfinance Specialist at CGAP from 1996 to 2009, where she served as member of the senior management team, manager for CGAP's work in Africa and China, and manager of CGAP's network of regional representatives globally. She led several CGAP global initiatives on payments, anti-money laundering, appraising, funding and capacity building for microfinance institutions, and African financial sector development.
Prior to joining CGAP, Dr. Isern was the Regional Technical Adviser for economic development in West and Central Africa with CARE International, and she founded and managed financial service providers while living in Niger (1990-91), and Togo (1992-1996). From 1988-1992, Dr. Isern consulted with public and private sector clients including USAID in Costa Rica and Senegal, UNDP in New York, and AT&T’s international division. She has authored more than 50 publications on financial sector development and broader development issues.
A CFA charterholder, Dr. Isern received her bachelor's degree from the University of Montana, her master’s degree in development economics from Princeton University, and her doctorate in both finance and international business from Nova Southeastern University. She serves on several boards and as advisor to foundations, investment funds, and associations in Europe and the USA. Dr Isern served as visiting professor at the Princeton Public Policy School in 2008-2010 and regularly presents at international training programs and conferences on financial and private sector issues.
Scott Page
Scott Page is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s floating-rate loan strategies. He joined Eaton Vance in 1989.
Scott began his career in the investment management industry in 1981. Before joining Eaton Vance, he was affiliated with the Dartmouth College Investment Office, as well as Citicorp and Chase Manhattan Bank in corporate finance/lending and credit review.
Scott earned a B.A. from Williams College and an MBA from the Amos Tuck School at Dartmouth College. He has served as a member of the board of directors of the LSTA (Loan Syndications and Trading Association). He is a CFA charterholder.
Scott co-authored “An Overview of the Loan Market” in the Handbook of Loan Syndications and Trading (2007). His commentary has appeared in Bloomberg, Business Week, Dow Jones Investment Advisor, Forbes, Investor’s Business Daily, SmartMoney, Kiplinger’s, USA Today and The Wall Street Journal, and he has been featured on CNBC.
Fern Thomas
Fern Thomas is a senior finance executive providing strategic financial expertise to mission-driven organizations. Fern was most recently President of Cornerstone Capital Group, where she oversaw the design, enhancement, implementation, reporting, and oversight of the firm's financials, operations, human resources, technology, and compliance. Before joining Cornerstone, Fern was the CFO at New York Restoration Project (501(c)3), where she oversaw all fiscal and fiduciary responsibilities of the organization and served as the primary finance partner to the Executive Director and Board of Directors. Fern has also served as Senior Vice President and CFO at Christie's. Prior to Christie's, she held various finance roles at Interpublic Group, CMS Energy, and PricewaterhouseCoopers. She serves as a Board Member of several nonprofit organizations and is a former Board Member and Membership Chair for the New York City Chapter of Financial Executives International. Fern is a CPA and holds an MBA from Rutgers University.
Rebecca Adamson
Director Emerita
Rebecca Adamson has been an Indigenous economist and serial social entrepreneur since 1970. Established in 2006, she is Founder and President of First Peoples Worldwide, an Indigenous-led organization making grants to Indigenous communities in over 60 countries while advocating globally in policy and market forums for Indigenous self determination. During the ‘80s, she established the premiere US development institute, First Nations Development Institute, founded Oweesta Corporation, Indian Land Tenure Foundation, and North American Native Bankers Association. Ms. Adamson's work established the first microenterprise loan fund (1982). She co-founded Association for Enterprise Opportunity which led the microenterprise movement in the United States, and then created Oweesta (1984), the first tribal community development financial institution (CDFI), which in turn established more than 70 tribal loan funds across Indian Country. In addition, in collaboration with Calvert Social Investment Funds, she designed Community Notes (formerly known as High Social Impact Investments, 1993), the first private sector instrument for investing directly in CDFI’s. Today, over $1 billion dollars are invested in Community Notes. Her work led to legislation establishing the CDFI Act, and the Tribal Trust Fund Reform Act, which established new standards of accountability, financial reporting and beneficiary services for Native Americans. She currently serves as a Calvert Social Investment Fund Trustee where she partnered to create the first Indigenous Peoples' Rights Investment Screen in 1999, and led the creation of the Indigenous Rights Risk Report, the first quantitative assessment of corporate risk exposure to Indigenous Peoples' rights, in 2014. In 2015 she has established four Shareholder Advocacy Leadership Training Centers located in Argentina, Mexico and Canada as a new strategy for Indigenous leaders in addressing extractive industry on Indigenous territories. Ms. Adamson established a Masters in Public and Private Administration (MPPA) scholarship program for Native People at the Yale School of Organization and Management and an MBA scholarship at the University of Minnesota’s Carlson School of Management.
Adamson has been appointed to numerous government committees. She currently serves as an advisor to the U.S. Extractive Industries Transparency Initiative Multi-Stakeholder Group, serving from 2014 to the present. She is a nationally and internationally recognized and sought-after speaker, and most recently was invited to speak on TedMED, Emerald Planet and Al Jazeera. She serves on nonprofit boards and currently serves on the Board of Directors for the Bay and Paul Foundations. She has published numerous papers including: " Evaluation with Power, Jossey-Bass Inc. Publishers, San Francisco, (1998) pp. 123-140; and “The Native American Credit Market: Opportunity Knocks, but Relationships Stay," RMA Journal of Lending & Credit Risk Management, (1997). She is also a co-author of The Color of Wealth – The Story behind the U.S. Racial Wealth Divide, New York, New Press. 2006. Her book went on to win the Myers Outstanding Book Award in 2006.
She holds a Masters in Science in Economic Development from Southern New Hampshire University (formerly New Hampshire College) in Manchester, New Hampshire, where she has also taught a graduate course on Indigenous Economics within the Community Economic Development Program, and a Doctor in Humane Letters degree from Dartmouth College.
Shari Berenbach
Director Emerita (in memoriam)
On February 7, 2016 Shari Berenbach passed. She was a founding CEO and President of Calvert Foundation, and remained a board member until her passing. Most recently she served as President and CEO of the US Africa Development Foundation.
Shari touched so many through her generous spirit and desire to see impact investing grow beyond any one person or organization. She was the inspiration and guiding force for many people’s personal involvement with community investing, and was an early guide and muse for many in the SRI industry.
We miss her presence in our community greatly and hold onto her laughter and infectious desire to make the world a better place.
Margaret Clark
Director Emerita
Peggy Clark is the Executive Vice President for Policy Programs at the Aspen Institute and the Executive Director of Aspen Global Health and Development in Washington, D.C. From 1991 to 2000, she founded and served as the Executive Director of the Economic Opportunities Program at the Aspen Institute and received the Presidential Award for Excellence in Microenterprise Development from President Bill Clinton.
Ms. Clark graduated with Honors from Colgate University with a B.A. in Anthropology and Fine Arts, and she earned her Master's from Johns Hopkins University School of International Studies in International Economics and Latin American Economic Development. She also serves on the board of the Paraprofessional Healthcare Institute in the South Bronx.
John G. Guffey, Jr.
Director Emeritus
John Guffey founded Calvert Investments, a $15 billion investment management group in Bethesda, MD noted for their leadership in the area of socially responsible investment. He has worked as the Ventures Fund manager for the environmental and health care fields since 1998. He has degrees in Economics and Finance from the Wharton School of Finance at the University of Pennsylvania.
He is currently President of Aurora Press, Inc., a publisher of trade paperback books on alternative health and metaphysics.
Terry Mollner
Director Emeritus
Dr. Mollner is founder and chair of Stakeholders Capital, Inc., a socially responsible asset management firm in MA and CA and the Massachusetts-based Trusteeship Institute, Inc., an economic and social policy think tank since 1972. He is a founding member of the Board of Directors of Calvert Social Investment Funds and Calvert Impact Capital. In 2000, he also took the lead that resulted in Ben & Jerry’s Homemade, Inc. being bought by Unilever, Inc. so it legally sustained its ability to be a socially responsible company and afterwards served on its board for eighteen years.
He is the author of 12 Self-Evident Truths About Truth: And, Recommended Priorities for 2020 US Presidential Candidates, Common Good Capitalism Is Inevitable, and The Love Skill: We Are Each Mastering the 7 Layers of Human Maturity. He is a Fellow of the World Business Academy and a member of the Social Venture Network.
Wayne Silby
Director Emeritus
Wayne Silby founded Calvert Investments, a $15 billion investment management group in Bethesda, MD noted for their leadership in the area of socially responsible investment. Though he is no longer active in most of the day-to-day business of Calvert Investments, he supervises its private equity activities.
Mr. Silby also co-founded Social Venture Network, a group of socially oriented entrepreneurs and investors, and Calvert Social Venture Partners, one of the first socially oriented venture capital funds. He also started the Emerging Europe Fund for Sustainable Investment, a $60 million OPIC private equity fund focused on Central Europe.
Mr. Silby chairs ImpactAssets, a $200 million donor advised fund, and SynTao, Ltd., a CSR consulting firm in Beijing, China. He has a B.S. in Economics from the Wharton School of Finance at the University of Pennsylvania and a J.D. from the Georgetown University Law Center.
|
|