Mr. Herbert Ludwig Jaeger

Director

Herbert Ludwig Jaeger has over 36 years of experience in corporate finance and accounting, export financing, controlling, IT, and development finance. Mr. Jaeger has work experience in Advans MFI Myanmar Company Limited, Mandalay, Myanmar and, presently, is a member of the Board of Directors and its Audit Committee since 2018. He serves as Investment Director, Financial Institutions of Norfund – The Norwegian Investment Fund for Developing Countries at the Norfund Bangkok Office.

He has served as Investment Director of DEG – The German Investment and Development Company, Thailand Representative Office. He contributed in that role in business development of financial institutions in Bangladesh, Myanmar, Cambodia, Vietnam and Laos, financial engineering, project development, due diligence, portfolio management and cooperating with other developmental financial institutions and commercial banks.

He worked as a Vice President / Senior Investment Manager of DEG – The German Investment and Development Company, Köln, Germany and Senior Investment Manager of Apatar Radolfzell GmbH, Radolfzell, Germany (packaging industry, subsidiary of Apatar Inc., NYSE listed). As the Vice President of DEG in Köln, Germany, he was responsible for debt financing of financial institutions in Asia, financial engineering, project development, due diligence, portfolio management, cooperating with other developmental financing institutions and commercial banks and represented DEG at government level.
Mr. Jaeger began his career as Credit Manager, Export Financing in 1985, where he served for 5 years from 1985 to 1989 and took part in International Business Trainee Programme, worked in subsidiaries and partner banks in London and Luxembourg, where he took the role of Credit Manager for export financing.

During his service with Landesbank Rheinland-Pfalz GmbH, Germany (Central Bank of saving banks) as Head of Accounting & IT from 1993 to 1995 and member of the management board, he took a number of important roles in developing the complete IT infrastructure and complete internal organization structure and process organization, developing controlling tools for bank reporting and internal control systems.

After that, he started working for ISB – Investitions- und Strukturbank Rheinland-Pfalz GmbH, Germany (Development Finance Institution) as Chief Financial Controller and member of the Management Board from 1995 and served till 1998. Here, he contributed in various responsibilities like re-organization of cost controlling department, development of controlling tools for consolidation, reporting, budgeting, reporting to European headquarters in Paris, benchmarking of European production sites and planning and implementation of SAP software.

Mr. Jaeger obtained his MBA in International Financial Management from the University of Trier, Germany and completed his Bachelor of Economics from the University of Konstanz, Germany. He is a Graduate member of the Thai Institute of Directors and has completed Bank Training at Volksbank eG, Überlingen, Germany.

Mr. Jaeger possesses core competencies and wealth of experience in corporate finance, project development, including creating and evaluating business plans, financial projections, business development, due diligence, team leadership, intercultural management, negotiations and has a strong entrepreneurial attitude.