Washington, D.C. June 6, 2024: Global nonprofit Accion today announced the appointment of Esteban Altschul as President of Accion Impact Management. In this new position, Altschul will lead Accion’s platform for impact investments in financial inclusion leveraging third-party capital.
Altschul moves to this position after 14 years as Accion’s Chief Operating Officer, bringing over two decades of investment experience.
“After 14 years of stellar service as Accion’s Chief Operating Officer, I am delighted to welcome Esteban to a new role as President of Accion Impact Management,” said Michael Schlein, President and CEO of Accion. “Top quality management of third-party capital is central to our strategy connecting millions of low-income people around the world to responsible financial services. Esteban will strengthen our fund strategy and operations, building a strong platform for future growth.”
Prior to Accion, Altschul was Principal Investment Officer and led human resources at the International Finance Corporation (IFC). He structured investments in Latin America and Eastern Europe that totaled over $1.3 billion in loans and equity and managed a $1.5 billion portfolio of more than 30 companies. He also led global staffing and was the architect of the first-ever variable compensation incentive plan for any multilateral organization.
“I am excited to take on this new role with Accion Impact Management to build the investment team and infrastructure for continued growth,” said Esteban Altschul. “Leveraging third-party capital from investors through scalable funds is key to making savings, insurance, credit, and other quality financial solutions available to low-income people globally. Through our work, we can connect millions of people to responsible financial solutions so they can make informed decisions and improve their lives.”
Altschul began his career in investment banking at Kidder, Peabody & Co. in New York and has undertaken work across more than 80 countries. He holds graduate and undergraduate degrees from Georgetown University’s School of Foreign Service.
About Accion
Accion is a global nonprofit on a mission to create a fair and inclusive economy for the nearly two billion people who are failed by the global financial system. We develop and scale responsible digital financial solutions for small business owners, smallholder farmers, and women, so they can make informed decisions and improve their lives. Through targeted investment strategies, advisory, and expert thought leadership, we work with local partners to develop and scale cheaper, more accessible, and customer-friendly financial solutions. Since 1961, Accion has helped build more than 230 financial service providers serving low-income clients in 75 countries, reaching more than 350 million people. More at www.accion.org.
About Accion Impact Management
Accion Impact Management is Accion’s platform for impact investments in financial inclusion leveraging third-party capital. It is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). Please note that registration with the SEC does not imply a certain level of skill or training. Accion Impact Management is staffed by a team of expert investment professionals, working to harness the capital markets to seek to provide high-quality and affordable financial services to people who are currently excluded from the financial system. More at www.accion.org/accionimpactmanagement.