EYVIND ALNEAS Vesteraasveien 13, N-0382 Oslo, Norway Telephone: +47 22501505 Mobile telephone: +47 41275249 E-mail Norway: eyvind.alnaes@c2i.net

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Date of Birth: December 25, 1947
Nationality: Norwegian

Specialisation
Education
Other Training
Languages
Membership of Professional Societies
Countries of Work Experience
Employment Record
Key Experience
Relevant International Experience


Specialisation
" Corporate governance, strategic planning and organisational development
" General banking experience, specialist experience small and medium sized enterprise (SME) development and credit risk management including micro credits
" Human Resource Management
" Financial management
" Diagnostic studies, analysis, reviews, evaluations
" Previous assignment with UNDP, WB, EBRD, ADB, NIB, NORAD, Ministry of Foreign Affairs Norway

Education
University education:
MBA (Sivilökonom) Norwegian School of Economics and Business Administration NHH, Bergen, 1969
Majors: Corporate Internationalisation
Financing of Enterprises
Organisational Psychology

Other Training
" Management training"
(Barnum Experience Compression Laboratory 1986, Manchester University 1991)
" Professional training (credit management, non-performing loans, HRM, financial management, computerisation)
" Language training (German, French, Japanese)

Languages and Degree of Proficiency
Speaking Reading Writing

English Excellent Excellent Excellent
German Good Good Good
French Good Fair Fair
Japanese Some - -
Russian Elements Elements Elements

Membership of Professional Societies
Member of Norwegian Association of MBAs (Norske Siviløkonomers Forening)

Countries of Work Experience
Bangladesh, Bhutan, Bosnia, Georgia, Japan, Latvia, Lithuania, Mongolia, Moldova, Russian Federation, Singapore

Employment Record
1988-today DEN NORSKE BANK GROUP
Den norske Bank (DnB) is Norway's largest commercial bank. International assignments after 1988 have been performed while granted leave of absence from DnB.

2003-today Consultant, Sibacadembank, IFC, Russian Federation
Assigned through Nordic Banking Resources to a technical advisory project preparing for IFC's possible loan to Sibacadembank, Novosibirsk. For project details see Key experience.

2003-today Consultant, Microcredit Organisations, World Bank, Bosnia
Assigned to the Local Initiatives Project II covering development of the microcredit lending environment in Bosnia and Herzegovina under a contract awarded to Carl Bro a/s, Denmark. For project details see Key experience.

2003 Team Leader and Development Banking Specialist, ADB, Bhutan
Assigned to the Bhutan Development Finance Corporation under an individual contract with ADB. Main responsibility areas institutional development and strategy planning. For project details please see Key experience.

2001-2002 Team Leader and Credit Management Specialist, ADB, Bhutan
Assigned to the Royal Monetary Authority of Bhutan (the Central Bank) under a contract awarded to Carl Bro a/s, Denmark. Main responsibility areas credit appraisal and portfolio management, project management, and training for the four financial institutions in Bhutan. For project details please see Key experience.

1999-2001 Independent Advisor, EBRD, Georgia
Assigned as independent, resident credit advisor for EBRD in Tbilisi, Georgia. Main responsibility area: Advice and monitoring of a credit line of USD 12 mill. to 5 Georgian banks. For project details please see Key experience.

1993-1999 Senior Advisor and Project Manager, Norwegian Banking Resources, Oslo/ International assignments
Norwegian Banking Resources (NBR) owned by Den norske Bank (DnB) and three other major Norwegian banks operated as an international financial consulting company from 1993 to 1999. Assigned from DnB as Senior Advisor and Project Manager with NBR. Main responsibility area in NBR: Financial institution development projects in FSU. Areas of experience and specialisation: Restructuring and institutional development, strategy and organisation development, credit risk management, HRM and training, and project management. Projects sponsored by: World Bank, EBRD, Nordic Investment Bank, Ministry of Foreign Affairs (MFA) Norway, and Norwegian Agency for Development Co-operation (NORAD). Further responsibilities within NBR: Marketing and preparation of TA project proposals, as well as co-ordinating, management and reporting from on-going projects. For project details please see Key experience.

1992 DnB's Subsidiary "DnB Investor", Oslo
Financial Management and Accounting, review, analysis and redevelopment of accounting systems and reporting procedures for DnB's mutual fund management subsidiary.

1990-1992 Deputy General Manager and Secretary to the Board of DnB's
Subsidiary DnB Eiendomsmegling (real estate broker company), Oslo
Business Restructuring and Financial Management including organisational development, development of reporting and monitoring structure, building of group business and management skills, and debt recovery.

1988-1990 Credit Specialist DnB/ Commercial Credits Department, Oslo
Deputy head of Commercial Credits department. Member of Credit Committees. Special responsibility for non-performing loans, loan restructuring and debt recovery.

1987-1988 CONSULTING AND ADVISORY SERVICES, OSLO
Independent management and credit advisor during the emerging Norwegian financial crisis. Tasks included restructuring, credit risk management and balance sheet strengthening for fish farming companies and their banking connections.

1985-1987 ASTRUP HOYER, GENERAL CONTRACTOR, OSLO

Business development and real estate director, development of business plans for US subsidiary, restructuring and sale of company's real estate assets.

1977-1985 DET NORSKE VERITAS GROUP
Various positions in an international ship classification and certification institution.

1983-1985 Corporate Economist Det Norske Veritas, Oslo
Corporate economist in an international project to recover debt from Greek and other international ship owners. Responsible for developing and arranging management training courses in capital management, as well as developing DNV's corporate financial management manual.

1980-1983 HR Manager Det Norske Veritas, Division East Asia, Kobe, Japan
Through a period of strong growth responsible for establishing, managing and monitoring international HRM function and systems covering the countries of Japan, Korea, China, Hong Kong, Singapore, Malaysia, and Philippines.

1977-1980 HR Manager Det Norske Veritas, Industry and Offshore Division, Oslo
Also through a period of strong growth responsible for establishing, managing and monitoring HRM function and systems. A main task was the development of the first working and remuneration regulations for offshore deep sea diving in Norway.

1976-1977 DEN NATIONALE SCENE, BERGEN
Project assignment as financial and HRM manager of regional theatre in Norway.

1971-1976 NORSK HYDRO, OSLO
HRM Specialist and later Finance Specialist of Norsk Hydro, the largest Industrial Conglomerate in Norway. Positions covered reporting, budgeting, monitoring of HRM and financial performance of business units of the conglomerate.

1969 DUNLOP INDUSTRIES, DURBAN, SOUTH AFRICA
Business trainee covering administrative areas of this tyre manufacturer.

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Key Experience

Eyvind Alnaes is an experienced bank, SME and private sector development advisor with substantial professional and management experience from international projects in emerging markets, work in international consulting organisations and industrial companies, and as member of the Board of companies and organisations. His key experience covers Corporate governance, strategic planning and organisational development, General banking experience, Specialist experience small and medium sized enterprise (SME) development, credit risk management, micro credits, Human Resource Management, Financial management, Diagnostic studies, analysis, reviews, evaluations, Previous assignments with UNDP, WB, EBRD, ADB, NIB, NORAD, Ministry of Foreign Affairs Norway. Mr. Alnaes easily works at Board level, as well as with management and professional staff at all levels. He also has long experience in working with local authorities, donors, national and international organisations. He adapts easily to new situations, and is used to working with many different nationalities. Mr. Alnaes' experience covers Asia and the Former Soviet Union (Georgia, Moldova, Baltic States, Russia and Bosnia), as well as the Norwegian environment. He has had international resident and project assignments for 11 years, 5 of which in Asia and 6 years in the Former Soviet Union.

Relevant International Experience

Russian Federation: Consultant, Sibacadembank, IFC
Under IFC's plans for establishing a credit line to this regional Russian bank in Novosibirsk a four-week TA reviewed the status of the bank in the areas of organisational development, credit risk management, ALM, MIS, and internal control. Three consultants through Nordic Banking Resources, Norway, performed the TA. (Loan to Sibacadembank - preparatory TA, IFC, 2003)

Bosnia and Herzegovina: Consultant and Trainer, Microcredit Organisations, World Bank
Assigned to the Local Initiatives Project II covering development of the microcredit lending environment in Bosnia and Herzegovina under a contract awarded to Carl Bro a/s, Denmark. Main responsibility areas cover training of Board of Directors, Senior Management, Credit Officers and Financial Officers in four microcredit organisations. (Local Initiatives Microfinance Project II, World Bank, 2003)

Bhutan: Team Leader and Development Banking Specialist, ADB (ongoing)
After the completion of the previous project in Bhutan (please see assignment below) Mr. Alnaes was assigned to the Bhutan Development Finance Corporation under an individual contract with ADB. Main responsibility areas institutional were development and strategy planning for this development banking and SME lending institution. The project involved several strategy workshops with the Board of Directors and Senior Management. (Institutional development of Bhutan Development Finance Corporation, ADB, 2003)

Bhutan: Team Leader and Credit Management Specialist, ADB
Assigned through Carl Bro a/s, Denmark as Team leader and Credit management specialist for an ADB TA program aiming at strengthening the credit risk management mainly in the SME area of the four financial institutions operating in the local market in Bhutan. The program was concluded with three extensive training seminars (training of trainers, training of credit staff, and a joint workshop for bankers and business representatives). (Credit appraisal and portfolio management for financial institutions in Bhutan, ADB, 2001-2002).

Georgia: EBRD SME Credit Line, Independent Advisor
25 months' assignment from DnB as independent, resident credit advisor for EBRD in Tbilisi, Georgia. The main responsibility area was advice and monitoring of an SME credit line of USD 12 mill. to 5 Georgian banks. Specialisation areas covered: Monitoring the individual banks' loan portfolio, approving new investment and loan projects, and addressing problem loans, assisting the banks in managing their financial positions and securing their financial strength, assisting the banks in their institutional development including strategy and organisational development, and assisting them in complying with regulations of the National Bank of Georgia. (EBRD SME Credit Line Georgia 1999-2001).

Georgia/ Moldova: Regional training workshops for government officials dealing with donors and international organisations: Improving communication and negotiation skills
Two workshops in Tbilisi - Georgia and Chisinau - Moldova, each with 20 to 30 participants from the CIS and Eastern-Central European Countries. Member of a group of four professionals (economy, psychology, and anthropology). Programmes with donors and government officials included project implementation, group and simulation work, coaching, training and lecturing. (UNDP Regional Bureau for Europe and the CIS, UNOPS 2000)

Bangladesh: Grameen Bank, Dhaka, Review of Micro-credit institution
Grameen Bank was the first institution established for micro-finance purposes more than 20 years ago. The micro-finance activities have been replicated in a large number of countries worldwide. NORAD has been one of the main sponsors of Grameen, and at the completion of the last phase of development support to Grameen, NORAD requested at full evaluation of the poverty alleviation impact and organisational and financial sustainability of Grameen. Eyvind Alnaes has been responsible for reviewing the financial sustainability as a sub-contractor to the Norwegian consulting company ECON (NORAD, Grameen Review 1999).

Mongolia: Trade & Development Bank of Mongolia, Twinning Project, Project Manager and Strategy Development Specialist
Project manager for a team of 6 specialists in this institutional development project. Professional responsibility for strategy and organisational development - with the bank's senior management members as counterpart. The twinning project covered diagnostic review of the largest commercial bank in Mongolia, and development and implementation of policies and procedures within strategy, organisation, credit management, financial management including MIS and accounting, HRM including training, marketing and computerisation. Management training methods included workshops, seminars, on-the-job training, internships to Norwegian owner banks, etc. (World Bank/ IDA Beltac Project 1998-99).

Russia: Uralpromstroybank, Twinning Project, Organisational Development Specialist
Module leader of this institutional development project with specific responsibility for organisational development. The twinning project covered all management and professional areas of the largest bank in the Sverdlovsk region in Russia. The work in the organisational development area was closely co-ordinated with the strategic development of the bank. The project was affected by the overall turbulence in the financial sector in Russia autumn 1998 (World Bank, FIDP Project 1997-1998).

Lithuania: Hermis Bank, Technical Consultancy and Institutional Building, Credit Specialist
This institutional project in Vilnius, Lithuania, had a scope similar to the Mongolian project. Professional responsibilities were divided on several of the NBR professional staff, of which E. Alnaes was responsible for Credit Management and Financial Management. Tasks were both of managerial and advisory character, directed towards the Board and Management of the bank as well as towards the credit officers. Lending policies and practices were evaluated and revised, and a complete new SME lending manual was developed and implemented (EBRD, Twinning Programme for Hermis Bank 1995-97).

Russia: Omskpromstroybank, Pre-feasibility study for Twinning Project
Visits to this regional Russian bank and review of its activities as preparation for World Bank institutional development project (World Bank, FIDP, 1996)

Russia: Arkhangelsk Technical University, Seminars on Credit Management
Seminars for University students and teachers on Credit Management, prepared and arranged by E. Alnaes (Ministry of Foreign Affairs, Norway, 1995).

Latvia and Lithuania: Seminars on Credit Management and Feasibility Studies
Responsibility for curriculum, planning and implementation of courses in credit management, credit analysis, and general financial management (Ministry of Foreign Affairs, Norway, 1995).

Latvia: Investment Bank of Latvia, Resident Advisor
Resident SME lending advisor assignment to Riga, Latvia through 18 months in 1993 and 1994. As resident advisor the responsibility was both of managerial and advisory character, to the management of the bank as well as to the credit officers. The assignment also covered implementation of TA, guidance, co-ordination, monitoring, and arrangement of formal and in-house training. Lending policies and practices were evaluated and revised, to form the basis of a new credit manual (Baltic Investment Programme, NIB, 1993-94).

Oslo, October 24, 2003

Eyvind Alnaes

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