NpM members appoint new Chairman of the Board: Menno Snel

20 April, 2017

PRESS RELEASE

NpM members appoint new Chairman of the Board: Menno Snel

20 April 2017 / Utrecht- the Netherlands 

NpM, Netherlands Platform for Inclusive Finance, has appointed Menno Snel as the new Chairman of the Board as of today. 

Menno Snel has held several positions in the financial sector over the last 20 years. Early in his career he worked at the Dutch Ministry of Finance as Acting Director-General for Tax and Customs, and was Director Corporate Strategy and Policy at APG Group, one of the world’s largest pension organizations. 

From 2011 onwards, Menno was Executive Director at the IMF, based in Washington. In the Executive Board he represented Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Luxembourg, Macedonia, Moldova, Montenegro, the Netherlands, Romania and Ukraine. In 2013 he was elected EURIMF President by the representatives of the 28 European countries within the IMF. In this capacity, he chaired the European coordination meetings on all relevant topics and Board discussions. He also served as a member of the IMF Ethics Committee and the Committee on Liaison with World Bank and Other International Organizations. 

Menno Snel: ‘At the IMF I saw the importance of financial inclusion to achieve economic development worldwide. I am very pleased to join NpM and strongly believe in the added value of the platform. I am convinced I can contribute to further the platform’s work based on my financial and international leadership and my extensive network.’ 

Currently, Menno works as a Chairman of the Managing Board of NWB Bank (Nederlandse Waterschapsbank N.V.) NWB Bank is a Dutch government owned promotional bank, arranging short- and long-term loans for the Dutch public sector. The Bank’s objective is to provide stable and low-cost financing with ensuing broader public benefits.  

About NpM: The Netherlands Platform for Inclusive Finance, is the leading national platform in inclusive finance sector worldwide. Established in 2003, the platform brings together Dutch development organisations, social investors and commercial banks active in the inclusive finance sector. Together with the Dutch Ministry of Foreign Affairs, NpM’s 13 members share a commitment to expanding access to finance in underserved regions and to anticipate the changing need in the sector to grow towards a responsible industry. The members of NpM are active in over 90 countries and have committed EUR 2.8 billion to the inclusive finance sector. NpM’s activities are directed to the contribution of the financial sector in reaching the Sustainable Development Goals.  

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