Finance Monthly Women in Finance Awards 2023 Germany 32 www.finance-monthly.com About DEG For 60 years DEG has been a reliable partner to private-sector companies and financial service providers operating in developing markets. After all, the private sector is an important driver of development. Our customers are mainly based in developing and emerging-market countries as well as in Germany and other industrialised nations. DEG has around 650 employees, who are investing a great deal of commitment and expertise. They work in Cologne and in one of DEG’s other 18 locations around the globe. Since 2001 we have been a subsidiary of KfW. We reach private enterprises in developing countries in two ways: One way is to finance them directly with loans and equity investments. The other is to invest in local banks and financiers, which in turn supply mainly small and medium-sized enterprises (SMEs) on the ground with financing. We provide them with financing on market terms from our own funds. We provide our customers with capital to enable them to grow and progress sustainably - capital that is often difficult to obtain, particularly in developing countries. And we offer much more than financing: We give targeted advice to the companies we co-finance as they plan and implement their investments. After all, expertise and experienced partners are key to successful investments in challenging markets. We shape transformation We are experiencing dynamic change in all regions of the world. It particularly includes climate change, the consequences of which impact developing countries most of all. Factors such as digitisation are acting as further catalysts of transformation. We aim to provide specific support to comManaging Director DEG Financial Services Leader of the Year Beck Monika About Monika Beck Monika Beck has been a member of the Management Board of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, since July 2018. A graduate economist, she was at the helm of KfW’s Compliance department since 2015. From 2004 to 2015, she held various management positions at KfW Development Bank. Monika Beck joined KfW in 2001. Having studied economics in Stirling and Cologne, she initially worked for three years as a product manager at L’Oréal and, between 1992 and 2001, was a project manager at the ProCredit Group in Latin America, which specialises in SME financing. Divisional responsibilities: • Industries & Services, Private Equity and Venture Capital • Infrastructure & Energy • Banking and German Business www.deginvest.de
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