J.P. Morgan sponsors the 9th Annual Women's World Banking Microfinance and the Capital Markets Conference
Apr 29, 2011
J.P. Morgan sponsored the 9th Annual Women’s World Banking Microfinance and the Capital Markets Conference in April in New York. Over three hundred guests from thirty-nine countries around the world attended this two day event concentrated on key industry issues and ideas.
Women’s World Banking is a not-for-profit network organization of microfinance institutions worldwide serving more than 24 million clients. Its mission is to expand the economic assets, participation, and power of poor women as entrepreneurs and economic agents by opening their access to finance, knowledge and markets.
This year’s conference theme, ‘Quality Capital to Deliver Social Mission,’ was the focus of the panel discussions relating to the sector’s development and future success.
The first day included panel discussions on some of the consequences of the growth of the microfinance sector including the quality of capital, government regulatory controls and the risks of predatory lending and lack of transparency. As part of the conference, the MFI competition provided J.P. Morgan employees the unique opportunity to collaborate with senior management of microfinance institutions to tackle a strategic capital markets issue and develop a proposed solution.
Six microfinance institutions paired with J.P. Morgan volunteers to address the competition topic ‘Improving liquidity management: Managing excess and shortfalls’ in the weeks leading up to the conference. The winning team, XacBank, was announced during the second day of the event.
Panel discussions on the second day focused on equity valuations, governance, technology and IPOs. Speakers from across the microfinance industry provided their insights and opinions on these issues key to achieving quality capital.
The conference was led by Christina Leijonhufvud, Head of J.P. Morgan Social Finance, and Mary Ellen Iskenderian, President and CEO of Women’s World Banking. This year’s event marked the third consecutive year J.P. Morgan has sponsored the WWB Microfinance and the Capital Markets Conference.