The 2020 edition of AFIFORUM is made possible with support from the following organizations:


Helping frontier economies develop and prosper

Cardano Development was initiated by Cardano, a company that advises pension funds and other stakeholders in the retirement industry on investment and risk management. Its core business is to provide quantitative risk management advice advise, but also assist in pension (re)design and legislation.

Cardano’s competitive advantage and leadership in its industry is driven by its culture of quantitative and behavorial risk management and innovation, which has become an integral part of its operations. It has also underpinned its motivation in establishing Cardano Development and Cardano Education.

The global solution for local currency

By hedging currency risk, TCX contributes to more sustainable development in emerging and frontier markets. Its aim is to develop local capital markets, while protecting its shareholders’ investments and their clients.

The Currency Exchange Fund (‘TCX’) was founded in 2007 by a group of development finance institutions (DFIs), specialized microfinance investment vehicles (MIVs) and donors to offer solutions to manage currency risk in developing and frontier markets.

These solutions consist of financial instruments – swaps & forward contracts – that enable TCX’s investors and clients to provide their borrowers with financing in their own currency, while shifting the currency risk to TCX. They are therefore protected from any currency volatility.

Success begins here

Hayman Capital Co., Ltd is a fully licensed deposit-taking, dynamically growing and one of the biggest MFIs in Myanmar. It is a fully owned subsidiary of a Singapore-based Investment and Financial Group - Hayman Capital Pte Ltd.

Our vision is to become a leading financial institution in Myanmar, serving millions of customers through a wide network of branches providing high-quality products and services using the international standards of management and financially inclusive principles.

Since our operations in July 2015, we hold a solid financial position bolstered by prudent governance, strong contacts, and esteemed stakeholders. Looking forward, our mission is to play a key role in improving living standards and wellbeing of our customers by building long-term partnership and providing mutually beneficial and affordable financial services.

The Maj Invest group was established in May 2005 and provides financial advisory services to Danish and international institutional clients through Maj Invest Private Equity and Maj Invest Asset Management. We also extend our services to retail clients through Maj Bank. Maj Invest's head office is located in Copenhagen and with regional offices in London, UK, Lima, Peru and Mumbai, India.