Our Team

Malcolm Stephens, CB, Group Chairman
Malcolm Stephens is a highly sought-after international expert with over 40 years of experience in the export credit, export finance and political risk field, including five years as Chief Executive of UK’s Export Credit Agency (ECGD) and six years as Secretary General of the International Union of Credit and Investment Insurers (the Berne Union). Mr. Stephens was also the Head of the Trade and Export Finance Operations for Barclay’s Group. In his role with International Financial Consulting Ltd., he has advised numerous governments and agencies from around the world, including Australia, New Zealand, Canada, China, South Africa, Turkey, Chile, Bangladesh, among others. He is a frequent speaker at international meetings and has published widely, including a book for the IMF entitled “The Changing Role of Export Credit Agencies”.

Diana Smallridge, President and CEO
Diana Smallridge is an expert in the area of Export Credit Agencies, EXIM Banks and Development Banks. She has extensive knowledge of export credit and development finance systems around the world, as well as a special focus on strategic planning, performance measurement, and governance issues relating to public-policy based financial institutions. Since 2001, Ms. Smallridge has been the Conference Chairman for the Annual Global Convention on Insuring Export Credit and Political Risk, held in London, UK. She has won recognition as a pioneering thinker in export finance and is a sought-after speaker and advisor on the role of government in the export credit and development finance areas. Prior to establishing the company, she worked with EDC in Canada for 12 years.

John Gubbels, Managing Director and COO
John Gubbels has extensive experience working in non-banking financial services. He held executive positions with Manulife Financial and AIG in Asia, and has established and supported national pension funds, globally, as an independent consultant to the World Bank and other development agencies. John’s strengths are in developing operational procedures and ensuring effective and efficient management of financial services organisations. John has lived overseas for 12 years and is effective at managing projects in diverse cultural environments. As COO, John overseas the operations of International Financial Consulting Ltd., and is active in guiding the strategic direction of the company.

Jennifer Loewen, Director
Jennifer Loewen is a business professional with international experience in public and private sector institutions in the area of trade promotion and development. She has worked for and advised multilateral credit and investment risk insurers, national development banks and institutions, national export credit agencies, federal Ministries and regional governments as well as private sector companies and banks. Her expertise includes policy analysis, product and process design as well as strategy development. Jennifer worked several years for the official export credit guarantee scheme of Germany gaining profound knowledge of export finance transactions and spent several years on the African continent as a technical advisor for the German Development Cooperation. Furthermore, she has experience in risk management and underwriting from German development banks. She is well versed in managing complex stakeholder relations in an international environment and developing innovative solutions for public and private organizations.

Patricia Cameron, Executive Assistant & Project Coordinator
Patricia Cameron is responsible for all administrative functions (including scheduling travel, arranging conferences, document management and facilitation of staff needs). She offers a wealth of experience from her past position of providing administrative support and graphic design expertise for over twelve years to a fifteen member team while working at a Crown Corporation in Ottawa. She also contributes her experience in project management and data management in creating an efficient internal workflow. Ms. Cameron attended International Commerce at the University of Bordeaux III (France) where she discovered her passion in Graphic Design work. She is fluent in both English and French and has an excellent understanding of the Spanish language.

Jennifer Henderson, Consultant
Jenni Henderson joined International Financial Consulting Ltd. in April 2015 and since then has supported project execution and business development. She has research and consulting experience in the areas of strategic planning, development impact/results measurement, institutional benchmarking and capacity building, as well as risk management. Jenni has also contributed to assignments across different themes and disciplines, such as: climate change, gender mainstreaming, and trade finance. She is also a competent public speaker, and has led strategy workshops for development finance institutions in a variety of countries. Jenni has lived and worked around the world and holds citizenship for the UK, New Zealand, and Canada. Before joining IFCL, she worked in Australia for a consulting firm specializing in risk management and national security.

Bob Hughes, Financial Controller
Bob Hughes is responsible for all accounting and financial management functions. He joined the team at International Financial Consulting Ltd. in 2009. He has over 20 years’ experience providing domestic and international financial management solutions in a wide variety of corporate settings, including complex multi-company environments and in both the for-profit and non-profit sectors. He is a graduate of the University of British Columbia where he studied Accounting and Urban Land Economics.

Margaret Sider, Consultant
Ms. Margaret Sider has been working with International Financial Consulting Ltd. since 2008 in various capacities. She joined the firm in October 2016 on a full-time basis, responsible for business development activities, as well as project execution in areas of impact assessment, performance management and benchmarking studies, relating to best practices for development institutions. Prior to this she worked in a number of countries, including Guatemala, Laos, Malawi, and South Africa, with development agencies. Ms. Sider has worked a broad base of development institutions as well as environmental organizations on projects relating to sustainability, climate change and natural resource management. She speaks Spanish and English, and has a working proficiency of Thai, Lao, Bahasa Indonesia, Afrikaans, and Chichewa.

Marta BeckerMarta Becker, Senior Consultant, Results Management
Marta Becker is an international strategist with a passion for bringing excellence, innovation and integrity to a wide variety of social and economic development agendas that leverage the creative use of capital. Specific expertise includes international development and community finance, strategic philanthropy, international project & structured finance, and related results management systems. With 20+ years experience navigating complex, multi- stakeholder environments engaging the private sector and government from local to supranational levels, Marta has successfully spearheaded a variety of strategic initiatives at the Executive and Director levels in addition to her consulting practice. She has worked around the world serving highly innovative non-profit change-makers including RSF Social Finance and Coast Opportunity Funds, corporate leaders such as Enclude Solutions and Motorola Inc., and national and multi-lateral government organizations including Export Development Canada and the World Bank. Marta holds an International MBA from the American School of Global Management (Thunderbird) and a Bachelor of Commerce (Finance) degree from the University of Manitoba.

Zach Bloomfield, Senior Consultant
Zach Bloomfield specializes in operational analysis, corporate strategy and climate finance for energy and transportation, primarily in Africa. Mr. Bloomfield has extensive experience managing development programs that support private sector development for energy, transportation and agribusiness, as well as technical assistance programs. Mr. Bloomfield’s primary discipline is project development and promotion, including the identification and mitigation of risks to project implementation. He also specializes in operational and project management planning. Prior to International Financial Consulting Ltd., Mr. Bloomfield worked for three years as a staff consultant for the African Development Bank. He is a Fulbright Scholar, having studied the minimal impact of state education on unemployment in Tunisia three years before the Arab Spring.

Michael Collins, Senior Director, Development Banking
Michael Collins is an experienced banking professional with more than 20 years in banking and investment banking. He has led global regulatory and compliance programmes in developed and developing countries and has demonstrated leadership skills in all areas of banking, including Risk Management (Credit, Market, Operational, Emerging), Governance and Control functions (Finance, Compliance, Regulatory, Technology) and Operations, including roles as Deputy Head and COO of TD Securities, TD Bank Group in New York, as well as senior roles with TD Securities and TD Bank in London and Toronto. He has extensive experience in resiliency and international capital regimes, including first-hand experience with the Basel Accords, quantitative analytics, capital adequacy, stress testing, and resolution planning. As Senior Director, Development Banking at IFCL, Mr. Collins provides project leadership and technical support in every area of institutional development. He also serves as the Chair and Non-Executive Board Director at Vision Fund International (Serbia and Montenegro), a top ranked microfinance institution (Forbes, 2015), and is currently advising in the field of development impact bonds in order to raise capital for education programmes in Africa and health initiatives in Central America.

Martin Kügemann, Senior Specialist
Martin Kügemann, a Chartered Financial Analyst (CFA) charterholder, is an expert in financial analysis and modeling with long-time professional experience in cash-flow modeling especially for international project finance structures. Since 2013 he has been working as independent modeler for a diverse customer base including banks, investment funds as well as consulting and private equity firms. His cooperation with International Financial Consulting Ltd started in 2014. He is based in Munich, Germany. Before starting his career as an independent cash flow modeler, Martin worked in project finance at UniCredit Bank AG, where he managed a portfolio of project finance and pre-export finance structures. His duties comprised structuring and developing comprehensive financial models and thoroughly vetting financial models submitted by sponsors. Martin gained experience in the development sector when interning at the African Development Bank and Inter-American Development Bank. He also worked in Bolivia for a couple of months and is fluent in Spanish and English. His native language is German. Martin studied economics at the University of Constance, Germany, and holds a Master’s degree in economics and finance from the University of Navarra, Spain. He is currently enrolled as a PhD student at the United Nations University in Maastricht conducting research on the economic prospects of second generation biofuels.

Peter Cameron, Senior Associate, Governance
Peter Cameron is an expert in policy and public finance with over 35 years of experience overseeing public sector policies and spending to ensure coherence, efficient and effective program design, responsible governance, and prudential risk and fiscal management. Mr. Cameron has direct experience in virtually all policy fields with links to the process of economic development, including in executive-level positions with the government of Canada and the Inter-American Development Bank. Innovative solutions and partnerships with the private sector have been a hallmark of his career. Noteworthy achievements include his lead role in securing a milestone agreement on aircraft finance involving Brazil, the US and EU, and playing a key role in Canada’s first major PPP. He is a seasoned leader with a track record of success in negotiations and advancing inter-agency cooperation at the national, multilateral and international levels.

Werner Claes, Senior Associate, Risk Management
Werner Claes is an expert in all fields of risk management. As a former Director of International Risk at Fortis, he has managed a Risk Department which encompassed all métiers of trade finance: sovereign risk, banking risk, trade & commodity finance, structured trade finance and international project finance (analysis and decision making, reporting, monitoring, documentation, work out and recovery). As Head of International Credit, he acquired extensive experience in the domains of process organization, risk policy, systems conception and implementation both in emerging markets (Poland, Ukraine, Turkey) and in the more developed banking world (North America, Western Europe), covering in total 15 regional credit risk structures. As Head of Central Risk Management, he was very closely associated to the validation of all regulatory and economic capital models. He is fluent in 14 languages.

Sarah W. Hargrove, Senior Associate, Banking
Sarah Hargrove is a seasoned financial executive with over 30 years of experience in commercial and investment banking, government, and international consulting. As Secretary of Banking for the Commonwealth of Pennsylvania, she was the primary regulator responsible for the safety, soundness, and regulatory compliance of the Commonwealth’s state-chartered banks, trust companies, savings associations and credit unions with aggregate assets of $90 billion. Since leaving government service in 1995, Ms. Hargrove has been a Principal of Hargrove Consultancy providing general financial advisory services to banks and bank supervisors in primarily emerging markets in Central Europe, the Middle East and Asia. Her knowledge and experience span a number of financial disciplines, including developing and providing training, in Asset and Liability Management (ALM)/Treasury Management; Bank Supervision; Basel II; Corporate Governance; Derivatives; Investment Banking; and Risk Management. She has an MBA in Finance from The Wharton School, and is a Chartered Financial Analyst (CFA). She attended the State and Local Program of the JFK School of Government, Harvard University. She was a delegate to the US-USSR Emerging Leaders Summit (1988) and has served on several Boards. Ms. Hargrove is based in the United States.