INNOVARE ADVISORS - Key Persons

Job Titles:

• CEO
• Chairman
• Founding Member
• Member of the Leadership Team

Mr. John Riggan has over 45 years of experience in international development and strategic consulting. With a particular expertise in sustainable agriculture and natural resource management, he has been involved in rural economic development in sub-Saharan Africa since the 1960s. Prior to joining Innovare, Mr. Riggan was co-founder and then Chairman and CEO of the TCC Group, the prominent business created to provide strategic and advisory services designed to promote inter-sectoral collaboration and entrepreneurial financing of well-proven programs to foundations, corporations and nongovernmental organizations (www.tccgrp.com). He created TCC's practices in Corporate Social Responsibility/ Community Involvement and the International Practice.
 He also led an international team in developing a "Long Range Financing Strategy for The Consultative Group on International Agricultural Research" commissioned by The World Bank and adopted by the CGIAR membership (which includes the World Bank's major donor nations, foundations and others) and Center Directors of the 15 CGIAR Research Centers dedicated to livestock, rice, forestry, tropical agriculture and more). In addition to his work at Innovare, Mr. Riggan Chairs the Board and is a strategic advisor for Solutions for Progress, Inc., a mission driven technology company which develops innovative solutions to move people out of poverty. John serves or has served as an Advisor and Board member of several non-profit organizations, including: World Vision International, co-Chair of Climate Change Response Initiative Advisory Board and strategic advisor helping to shape a public-private financing strategy including tapping the carbon markets for small holder, tree based agricultural projects, Encore! Service Corps International, Founding Board Member, which placed skilled Returned Peace Corps Volunteers in key assignments in developing countries, National Peace Corps Association, Advisory Council, and New Philanthropy for Africa, Member of Advisory Board. 
 Mr. Riggan is a graduate of the University of Washington. He spent more than seven years in Africa as a Peace Corps Volunteer and rural development specialist in Kenya and as the Peace Corps Country Director in Chad.

Job Titles:

• Member of the Leadership Team
• Chief Investment Officer, Member of the Investment Committee

Ms. Potter has an international private equity, investment and commercial banking background, dedicated to Africa for the last 15 years and earlier to Asia. From 1999 to 2005, she ran the $400 million AIG African Infrastructure Fund where she represented AIG as founder/sponsor, general partner, limited partner, portfolio manager, overseer of the outside manager Emerging Markets Partners (now, ECP), and investment committee member for the fund. Ms. Potter built a team of investment managers, including a team of resident South Africans in Johannesburg. She developed and managed other private equity funds for AIG (now PineBridge Investments), which, along with multiple direct investments, generated net returns of $110 million over 8 years. Ms. Potter served on corporate boards of directors, especially for telecommunications companies, in Europe, Africa, the US and India.
 Having invested early in the then revolutionary African cellular telecommunications company Celtel (now Bharti AirTel), Ms. Potter also served on a board of joint-venture investors in Celtel. In 2011, she founded Emerging Economies Health Finance, LLC, a financing consultancy assisting developing world health sector firms prepare for and source third party financing. Prior to joining AIG, Ms. Potter was Vice President at Chase Securities (via Manufacturers Hanover Trust and Chemical Securities). Over her international financial career, she focused on investment and project finance and consulted and worked on building biomass businesses, financed telecommunications companies, and managed loan workouts. She advised the former ATT Submarine Systems in the financing of the first iteration of the Africa ONE fiber-optic submarine cable encircling Africa. Early in her career she handled correspondent banking and corporate finance banking in Japan and Southeast Asia, after serving as Legislative Analyst for the Embassy of Japan in Washington D.C. Ms. Potter is former chair of the Board of Directors of AMREF Health Africa (USA affiliate), (www.amref.org). As an Executive Volunteer, she conducted micro-enterprise training with the International Rescue Committee (www.theirc.org) in Hargeisa, Somaliland and at the Kakuma Refugee Camp in Kenya. Ms. Potter has a MIA from Columbia University's School of International and Public Affairs.

Job Titles:

• CFO
• COO
• Founding Member
• Member of the Leadership Team

Mr. David Resnik has made a career founding and co-founding technology startups, leading to several successful exits to both public and private companies. The IT technology and service companies have ranged from emerging growth to expansion stage, covering a wide spectrum of software and technologies and business services. His passion for startups is combined with the desire to create quality job opportunities and he has been key in the development of over a hundred new positions through his companies. For the past 10 years Mr. Resnik has focused on identifying businesses to invest in using his accumulated operational experience; performing due diligence and identifying companies which have strong management teams and which can succeed with incremental funding. Through his investments, he has developed a deep understanding of valuing businesses and assessing investment opportunities. Mr. Resnik successfully raised funding for several startups as a Limited Partner with Zone Capital Partners, a venture capital fund. He brought in several deals which led to Series A investments. One of these emerging growth firms, a blood management company, was recently acquired by a NYSE listed medical device company and provided a 45% return for the fund. Mr. Resnik is involved with conservation and environmental organizations in his community and serves as a Director of the French and Pickering Creeks Conservation Trust. He graduated from the Wharton School of the University of Pennsylvania.

Job Titles:

• Member of the Leadership Team
• Chief Marketing Officer and Director of Client Service, Founding Member

Mr. Roger Frank is a capital markets pioneer, and, building on his work in international and emerging markets and microfinance, he founded Innovare in 2009. Previously, he was a partner at Developing World Markets (DWM) where he was part of the team that structured and placed the world's first capital markets transaction for microfinance, Blue Orchard Microfinance Securitization (BOMSI). This landmark transaction was the first time the international capital markets were used as a funding tool for microfinance. The models Mr. Frank helped create subsequently brought billions of dollars into the field. In addition, as a partner at DWM, he helped grow the firm from $0 to over $500 million in assets under management. For his work, he and his team won a Fast Company award in 2008 for companies pioneering new models for financing social innovation. Before joining DWM Mr. Frank spent twenty years on Wall Street and was one of the first US-based investment professionals to work in international and emerging markets. He was involved with many landmark capital markets transactions in four continents that opened up these markets to international investors. He began his work in Africa in the early 1990s when he traveled to the region with leading international investors for meetings with senior government officials and managements of leading public and private companies. Mr. Frank has an MBA in International Finance from NYU Stern School of Business (1983) and a BFA, cum laude, from the University of Delaware (1978). He has been published in the Stanford Social Innovation Review and serves on Save the Children Livelihoods Council, the University of Delaware Advisory Board Graduate Program in Fashion & Sustainability and the Board of Trustees, University of the West.