FIT was the first société à impact societal (Societal Impact Company, SIS) dedicated to financial services in Luxembourg. The SIS accreditation ensures good, impactful governance, strong regulation and a solid social commitment with a measurable impact so that donors can rest assured that their money is fully invested in the most efficient and targeted manner.
FIT is owned by ADA as well as by the Directorate for Development Cooperation and Humanitarian Affairs of the Ministry of Foreign and European Affairs of Luxembourg. This meets a strong demand for a secure, government-backed channel for societal investing which benefits from an NGO’s longstanding experience.
The management board is complemented by a diverse funding committee composed of experts in impact investing, social impact, agriculture and forestry value-chains, entrepreneurship and access to basic services.
Both the Management Board and the Funding Committee are composed of highly experienced representatives of the inclusive finance and development sector in Luxembourg.
Management Board
Axel de Ville
Axel de Ville, Chairman of FIT and Director of Strategy and Innovation at ADA, has in-depth knowledge of development issues in Africa, Latin America and Asia and worked for the United Nations in Africa for several years.
Laura Foschi
Laura Foschi, Executive Director at ADA, is represented on the management boards of major inclusive finance actors and has extensive experience in the field (she spent over ten years in Latin America, Africa and the Balkans) as well as in providing inclusive finance training and lecturing.
Paul Weber
Paul Weber, Legation Secretary, Coordinator inclusive and innovative finance at the Ministry of Foreign and European Affairs, Directorate for Development Cooperation and Humanitarian Affairs. In addition to his experience related to inclusive and innovative finance, Mr Weber has been involved in various initiatives related to digital for development as well as private sector engagement.
Funding Committee
Guillaume GRANGE
Chairman of the Committee
An independent consultant, Guillaume has worked in various legal and compliance positions in the Luxembourgish financial sector since 1999 and has been involved in philanthropic projects in Burkina Faso for twenty years. His became interested in inclusive finance in 2021 and participated in the African Microfinance Week (SAM) in Kigali and Lomé. He holds a Certificate in Inclusive Finance from the University of Luxembourg.
Anne CONTRERAS-MULLER
Anne Contreras-Muller is responsible for developing LuxDev's impact investment portfolio on behalf of the Luxembourg Cooperation. For more than 10 years before joining LuxDev, Anne developed microfinance and social and environmental impact finance advisory services for a leading Luxembourgish law firm. She specialised in impact investment vehicles, technical assistance programmes and societal impact companies. Anne is a member of numerous boards and investment committees of investment funds and organisations.
Bruno CORNETTE
Bruno Cornette is an intellectual property management and an agri-food supply chains expert with more than 25 years of experience in the professionalization of the transfer of knowledge and technology to society and the economy. A member of the Belgian Conseil supérieur wallon de l'agriculture, de l'agroalimentaire et de l'alimentation, he contributed to improving markets for local producers in the Walloon Region in Belgium. At the international level, Bruno provided agronomical technical assistance in Africa on behalf of development agencies and the Luxembourgish Ministry of Foreign Affairs.
Laura Foschi
Executive Director at ADA, is represented on the management boards of major inclusive finance actors and has extensive experience in the field (she spent over ten years in Latin America, Africa and the Balkans) as well as in providing inclusive finance training and lecturing.
Netty KLEIN
Netty is particularly interested in promoting diversity, notably as Luxembourg's representative on the European Commission's 'Mainstreaming CSR among SMEs' group and as a member of the Centre pour l'Egalité de Traitement - CET at national level. She started her career in IT before representing different national employers’ organisations, mainly in the health and care sector.
Stephan RUDOLPH
Stephan Rudolph is the founder of EVITY S.A., a start-up dedicated to measuring and demonstrating impact to make externalities visible and exploitable. He shaped the concept of Return on Monetised Investment (RoIm) and co-founded APODI in 2020, a non-profit organisation focused on preserving the biosphere. Stephan has over 20 years' experience as a management consultant and held various management positions in the Luxembourgish financial sector, particularly in funds.