Tau Investment Management, LLC

Correcting market failures: re-valuing human and natural resources

Global supply chains are in crisis. Decades of outsourcing and offshoring have reduced costs for leading corporations, but have also brought calamitous risks and inefficiencies. In the "race to the bottom," a garment factory collapse kills hundreds of workers and throws an entire industry into turmoil; toxins in Chinese baby formula, or oil spills in American waters, grossly undermine public trust in brands and result in harsh regulation. Quality suffers, productivity stagnates, and workers and natural environments are degraded or even destroyed. These failures have a moral color, but their effect is also to sap profits and siphon value. Modern production systems are teeming with turnaround opportunities, but to date, investors have not seized upon them.

Tau changes that. Tau invests directly in unsustainable suppliers, bringing the capital and expertise required to turn them into the leading sustainable competitors operating at scale in their industries. The firm then slots these transformed suppliers into the supply chains of major global brands, creating improved transparency and performance across the supply chain.

Amongst our guiding principles:

  • Manage human and natural resources for long-term mutual benefit rather than short-term exploitation.
  • Integrate best-in-class operational and financial approaches, to turn our portfolio companies into leading resilient and adaptive entities.
  • Leverage compliance and transparency into sources of strategic advantage; Win by leading a "race to the top."
Capitalist Solutions to Capitalism's Failures

News and Releases

Article - 05.30.14:

Tau "moving swiftly" towards first investments (just-style)

Tau Investment Management, the US private investment firm that is looking to drive capital into textile and garment factories to improve their competitiveness and de-risk supply chains, has told just-style it is moving swiftly towards its first investments - which are expected in the second half of 2014.

Read the full article here


Article - 05.20.14:

Made in USA Gains Steam in Los Angeles (Women's Wear Daily)

The Made in America resurgence is rending in Los Angeles, but so are the challenges it brings.

Read the full article here


Press Release - 05.13.14:

TAU INVESTMENT MANAGEMENT ANNOUNCES ROBERTA BRZEZINSKI AS CHIEF INVESTMENT OFFICER (Tau Investment Management)

Former Partner at Abris Capital Partners Brings Extensive Transaction Experience in Frontier Markets

Today, TAU Investment Management announced the addition of Roberta Feldman Brzezinski to the TAU management team as the firm's Chief Investment Officer. Roberta brings to TAU nearly 20 years of institutional private equity and direct investment experience across a range of sectors in Asia, Southeast Asia, Eastern Europe and Latin America.

As one of the original partners of Abris Capital Partners, a leading growth buyout investor in Central and Eastern Europe, Roberta successfully acquired and grew companies in retail, real estate and financial services, while overseeing their operational and financial management. Prior to Abris, Roberta was a managing director at Emerging Markets Partnership, manager of the $6 billion AIG Infrastructure Funds. While at EMP, Roberta focused on Southeast Asia, leading and successfully exiting from growth equity, quasi-equity and mezzanine transactions. She originated and led deals across a range of sectors in the Philippines, Indonesia, Malaysia, and Singapore, as well as in Korea, Japan, China, and Hong Kong. Roberta began her career as an investment officer for the International Finance Corporation.

Read the full press release here


Article - 05.06.14:

NY firm to invest $200m for RMG modernisation (The Financial Express)

A New York-based investment firm is planning to invest a significant portion of its US$1.0 billion global fund in the ready-made garment (RMG) and textile industries of Bangladesh.

Read the full article here


Article - 05.05.14:

Tau to invest $200m in textile sector (Dhaka Tribune)

Tau Investment Management, a New York-based growth-equity venture investment firm, has launched a venture worth $200m in Bangladesh.

Read the full article here


Video - 04.24.14:

Is the Bangladesh factory collapse a turning point? (CBS News)

As the world commemorates the one-year anniversary of the deadly Rana Plaza factory building collapse in Bangladesh, an overriding question remains: What can be done to prevent such industrial accidents in the future, especially in emerging economies and business sectors like Bangladesh's garment industry?

View the video here


Video - 04.23.14:

Rana Plaza: What's Changed In A Year? (Huffington Post)

Rana Plaza collapsed one year ago, killing 1,200 Bangladeshi workers who manufactured goods for western brands like Benetton and Walmart. Experts join us to discuss how conditions and supply chains have changed since then, and what more can be done.

View the video here


Press Release - 03.27.14:

TAU INVESTMENT MANAGEMENT ANNOUNCES NEW OPERATING PARTNERS (Tau Investment Management)

Former Vice-President, Global Procurement of ExxonMobil and CEO of SYF Group Will Provide Operational Expertise and Extend Tau's Executive Oversight of Future Portfolio Companies

Today, Tau Investment Management announced that Dr. Jean Baderschneider, former Vice-President, Global Procurement at ExxonMobil, and M. Osman Yousuf, President and CEO of SYF Group, will join Tau as Operating Partners. Both leading industry executives, Dr. Baderschneider and Mr. Yousuf will contribute their respective expertise to guide the strategic development and growth of Tau's future portfolio companies.

Tau's Operating Partner Program (TOPP) leverages a network of accomplished and strategically connected senior professionals with deep ties to industries and geographies of significance to Tau operations. Bringing vast industry knowledge, management expertise, and regional networks to the firm, Operating Partners may assess investment opportunities, build and manage critical relationships, or serve on boards or in interim executive positions within portfolio companies.

Read the full press release here


Article - 01.24.14:

Ethical standards make you a better capitalist (FT)

"Usually when nobody has done it before and there is a lot of money to be made, it is either a stupid idea or a very good idea," says Oliver Niedermaier, chief executive of Tau Investments, which offers "capitalist solutions to capitalism's failures"

Read the full article here


Video - 1.26.14:

Oliver Niedermaier Speaking at The Deal Economy: Predictions and Perspectives for 2014


Video - 1.24.14:

Benjamin Skinner Speaking at the 2013 Trust Women Conference


Article - 01.24.14:

$1 billion Soros-backed fund seeks to change the global supply chain (CNBC)

Like many of his cohorts attending the annual World Economic Forum in Davos, Switzerland, Oliver Niedermaier is among thousands of political and economic leaders who believe they can change the world. But Niedermaier, CEO of New York-based Tau Investment Management, is one of the few who think they can do it by tackling inefficiencies in the global supply chain.

Read the full article here


Article - 01.14.14:

Major backing for textile factory turnaround model (Ecotextile News)

Tau Investment Management, a US-based private investment firm which is looking to drive capital into textile factories in the likes of Bangladesh to sort out their social, environmental and efficiency issues, has announced the investment backing of two new partners - Alexander Soros and The Global Emerging Markets Group (GEM).

Read the full article here


Press Release - 01.13.14:

TAU INVESTMENT MANAGEMENT RECEIVES STRATEGIC INVESTMENTS FROM GLOBAL EMERGING MARKETS AND ALEXANDER SOROS (Tau Investment Management)

Anchor Investors to Drive Value for Stakeholders and Bring Social and Environmental Transformation to the Garment and Textile Industries

Today, Tau Investment Management announced the investments of two key partners - Alexander Soros and The Global Emerging Markets Group (GEM) - in Tau's initiative to transform global supply chains, starting with the apparel and textile industries. Their investments will help Tau to turn around and grow companies currently undervalued due to social, environmental and operational challenges. Globally, such challenges have siphoned billions of dollars in value from the manufacturing sector.

"Our new allies send a strong message to the investment community that there are credible opportunities to create value through the reformation of supply chains," said Oliver Niedermaier, Founder and CEO of Tau. "Mr. Soros's and GEM's participation in Tau is further validation that our model - centered on turning around underperforming entities in global supply chains - can yield superior returns for investors."

Read the full press release here


Article - 01.13.14:

New Venture Investment Firm Eyes Supply Chain (Women's Wear Daily)

The global supply chain for the apparel and textile industries is getting a boost from a new venture investment firm that has received the backing of Alexander Soros and Global Emerging Markets. In the wake of recent disasters in Bangladeshi clothing factories, New York-based Tau Investment Management has received unspecified investments from Soros and GEM toward the $1 billion fund it plans to ultimately raise and deploy. Soros, the managing partner of Soros Brothers Investments and a son of billionaire George Soros, will join Tau's advisory board. "Beginning with the apparel trade, there are countless opportunities for revaluing companies within industries that until now have grown fast, grown dirty and are in need of fundamental change," Soros said.

Read the full article here


Article - 12.03.13:

Use the market to clean up supply chains - don't wait for legislation (Thomson Reuters Foundation)

Benjamin Skinner, an investigative journalist who is the co-founder and senior vice president of Tau Investment Management, which generates returns for investors by cleaning up supply chains, agreed the market could be a powerful force for change. ... "Governments can take years to pass laws and then never enforce them while a major corporation has the capacity to switch suppliers and can make a market impact and change the lives of millions of individuals by virtue of how they decide to source - this is very exciting," he told the conference.

Read the full article here


Article - 12.02.13:

Clinton Meet: Investment Group to Raise $1B for Garment Factories (India West )

Speaking at CGI, Oliver Niedermaier, founder of Tau Investment, said, "For millions of people, the garment industry is their first step out of poverty. The Rana Plaza tragedy highlighted a broad social and economic failure."

"Only real money, deployed in a structured way, will make a difference," stated Neidermaier, saying that the initiative - named "Sew True" - will begin with 25 factories in Bangladesh, with improvements in skill training and compensation improvement. It will then be implemented in Vietnam, China and Cambodia.

Read the full article here


Magazine Feature - December 2013:

The Cost of Slavery and Searching for Slaves (Discovery Channel Magazine)

The power of information drives global markets. It will also drive a revolution in our defective production systems. Co-founder of Tau Investment Management Benjamin Skinner spent six years travelling the globe, tracking slaves and slave networks under the guise of a prospective buyer. "There are 21 to 29 million slaves in the world today. That's a shocking, staggering number, but it doesn't mean very much - unless you understand what one person's slavery means." Mr. Skinner's intimate understanding of our global supply chains' greatest failure uniquely qualifies Tau as a pioneer in re-engineering consumer society's largest manufacturers.

Read the full article here


Video - 11.5.13:

Oliver Niedermaier speaking at BSR Conference: The Power of Networks


Article - 10.26.13:

Bangladesh's clothing industry: Bursting at the seams (The Economist)

AFTER the Rana Plaza clothing factory near Dhaka collapsed in April, killing at least 1,100 people, the big Western clothing companies that have their garments run up in Bangladesh came under pressure to intervene more forcefully to improve safety and working conditions in the workshops they buy from. Two groups of retailers and fashion brands, one mainly North American and one mainly European, have begun implementing new monitoring schemes. On October 24th Primark, a big British retailer, said it would extend for another three months the aid it is giving to families affected by the disaster, while it works on a long-term compensation scheme.

Meanwhile, the tragedies continue: earlier this month ten people died when another factory in the Bangladeshi capital, used by big foreign clothes retailers, went up in flames. Nevertheless, it has become clearer since Rana Plaza that the clothing firms have little option but to continue sending work to Bangladesh. It will remain Asia's primary production base outside China for cheap clobber, with exports on track to rise by a fifth, to $24 billion, in the current fiscal year.

Read the full article here


Article - 10.25.13:

Rana Plaza victims await compensation (Ecotextile News)

AMSTERDAM - Many victims of the Rana Plaza disaster have yet to receive compensation according to a new report by the Clean Clothes Campaign (CCC) and the International Labor Rights Forum (ILRF).

Read the full article here


Article - 9.27.13:

NY firm sees investment opportunity in garment factories (Reuters)

Outdated, poorly managed factories can be fixed in ways that help workers, the environment and socially conscious investors willing to provide the funding, according to a new firm that plans to invest in Bangladesh and elsewhere.

Oliver Niedermaier, the founder and chief executive of New York-based Tau Investment Management LLC, said he saw a need for equity-style investments in rundown factories including those in the garment industry well before the April collapse of the Rana Plaza factory and the November fire at a Tazreen Fashions factory in Bangladesh.

Read the full article here


Video - 9.26.13:

Tau announces Commitment to Action at the Clinton Global Initiative Annual Meeting

Oliver Niedermaier, Founder and CEO of Tau Investment Management, announces Tau's commitment to raise and deploy $1 billion to turnaround supply chains, starting with the global garment industry, at the Clinton Global Initiative Annual Meeting.


Press release - 9.26.13:

Tau Investment Management to Invest $1 Billion in Transforming Global Supply Chains to Deliver Capitalist Solutions to Capitalism's Worst Failures.

New York, NY - Today, Tau Investment Management announced its commitment to raise and deploy $1 billion to turnaround supply chains, starting with the global garment industry. Over the next three years, as part of their Clinton Global Initiative (CGI) Commitment to Action, Sew True: Investing to Upgrade the Apparel Supply Chain, Tau will first target textile and apparel manufacturers in frontier and emerging markets, such as Bangladesh and others...

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Press Inquires:

Kim Parker

Sunshine Sachs
323.822.9300
Parker@sunshinesachs.com

Capitalist Solutions to Capitalism's Failures

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Capitalist Solutions to Capitalism's Failures

Management

Oliver Niedermaier - Cofounder, Chairman & CEO

Oliver is the founder of TAU and serves as Chairman & CEO. He also chairs the firm's Investment Committee.

Prior to launching TAU, Oliver served as an Operating Partner at Advent International, a global private equity firm with over $32B assets under management, where he co-invested in Equiniti and still serves as a Non-Executive Director.

Concurrently, Oliver served as the CEO of DF King Worldwide, a global financial communications and stakeholder management firm he founded in 2007.

Previously, Oliver served as a Member of the Global Executive Management Board at Computershare (ASX: CPU), the world's largest share registry business and a leading financial markets technology provider. He joined Computershare when it acquired Pepper Technologies, a technology and consulting business he founded in 1998.

Oliver received a PhD in Strategic Management (magna cum laude) and a Masters of Business Administration-equivalent degree (first in his class) from Ludwig-Maximilians-University in Munich, Germany, where he today serves as the Advisory Board Chairman of the LMU Entrepreneurship Center. He is also a Board Director of both the World Policy Institute and the National Museum of the American Indian in New York City. Oliver was appointed a Young Global Leader (YGL) of the World Economic Forum in 2010, and continues to be an active member of the community.

In 2005, Oliver and his wife established the Tashi Foundation for Bhutan, a nonprofit organization affiliated with UNICEF that is dedicated to children's education. Oliver, Constanze, and their two daughters currently reside in New York City and Bridgehampton, where Oliver surfs and runs regularly.

Sanjay Gupta - Cofounder & Managing Partner

Sanjay is a co-founder of TAU and serves as the firm's Managing Partner. He is also a member of the firm's investment committee.

An experienced dealmaker, Sanjay has a long track record of managing successful teams in the context of high uncertainty, highly distressed business/financial situations and pre-/post-merger environments, including turnarounds.

Prior to co-founding TAU, Sanjay served as an advisor to family offices, early stage ventures, and funds in formation. Previously, Sanjay served as an Advisor to Dr. Patrick Soon-Shiong, a private investor who was recently recognized in the top 50 of the Forbes 400 Richest Americans. Late in 2010, Sanjay participated in the merger/acquisition of Abraxis BioScience in a public transaction valued at US $2.9 Billion. Sanjay also assisted in forming a bidding coalition for the Los Angeles Dodgers in 2012, one of the most publicized auctions in history. Earlier in his career, Sanjay served as Chief of Staff of the General Counsel at Intel.

Sanjay was educated at the University of Oxford, where he completed graduate studies in finance and strategy. He studied Philosophy and Bioethics at Georgetown University, as well as Leadership at the Harvard Kennedy School. He has completed post-graduate education in finance, private equity, and venture capital at the Harvard Business School. In 2010 Sanjay was named a Young Global Leader (YGL) by the World Economic Forum.

Benjamin Skinner - Cofounder & SVP, Investigation

Ben is a co-founder and Senior Vice President of TAU, heading TAUx, the firm's proprietary research desk. Previously, as an award-winning reporter, he was Senior Fellow at the Schuster Institute for Investigative Journalism of Brandeis University, leading that organization's in-depth, cross-border investigations into labor and environmental abuse in the supply chains of major corporations.

He is the first person in recorded history to observe the negotiations for sale of human beings on four continents, and was named one of National Geographic's "Adventurers of the Year 2008." His first book, A Crime So Monstrous: Face-to-Face with Modern-Day Slavery (Free Press; 2008), was awarded the 2009 Dayton Literary Peace Prize for nonfiction, a citation from the Overseas Press Club in its book category for 2008, and a finalist for The Ryszard Kapuscinski International Award for literary reportage in 2011. Also in 2011, the World Economic Forum recognized Skinner as a Young Global Leader. Previously he held a fellowship at the Carr Center for Human Rights Policy of Harvard Kennedy School of Government, served as Special Assistant to Ambassador Richard Holbrooke and worked as Research Associate for U.S. Foreign Policy at the Council on Foreign Relations.

He frequently appears on CNN, ABC, NPR, PBS and other broadcast outlets, and his 50+ chapters, monographs and articles have appeared in numerous publications including Bloomberg Businessweek, Time, Newsweek, Travel + Leisure, Los Angeles Times, Foreign Policy and others. He is a graduate of Wesleyan University in Middletown, CT.

Roberta Brzezinski - CIO

Roberta Brzezinski comes to TAU with 18 years of institutional private equity and direct investment experience in frontier markets. She was one of the original partners of Abris Capital Partners, a leading growth buyout investor in Central and Eastern Europe. At Abris, Roberta was responsible for establishing and managing operations in Ukraine, one of the firm's three focus countries. She successfully acquired and grew companies in retail, real estate, and financial services and held overall responsibility for operational and financial management. Roberta originated and screened over 300 transactions and led due diligence on companies in food processing, retail, financial services, auto parts distribution, agribusiness, produce distribution, and wireless Internet. She served on the Abris Investment Committee for two funds, recruited and managed a dedicated investment team, and led in-country compliance, auditing, and government relations.

Prior to Abris, Roberta was a managing director at Emerging Markets Partnership, manager of the $6 billion AIG Infrastructure Funds. While at EMP, Roberta focused on Southeast Asia, leading and successfully exiting from growth equity, quasi-equity and mezzanine transactions in construction materials, transport, agribusiness, and electricity generation/distribution. She originated and led deals across a range of sectors in the Philippines, Indonesia, Malaysia, and Singapore, as well as in Korea, Japan, China, and Hong Kong. Roberta was also involved in transactions in Eastern Europe and Latin America, as well as in compliance, audit, and investor reporting.

Prior to joining EMP, Roberta launched and managed a direct investing team for NCH Capital, focusing on Russia, Ukraine, Kazakhstan and Romania. She focused on sectors including transport/logistics, agribusiness, construction materials, and electricity generation.

Roberta began her career as an investment officer for the International Finance Corporation, with responsibility for originating transactions and leading US- and UK-funded technical assistance programs. She served as IFC country manager of Ukraine, Armenia, and Belarus, and managed a staff of 85. One of her technical assistance programs won an award from the World Bank President.

Roberta holds an MBA from Georgetown University's McDonough School of Business and an AB magna cum laude from Harvard College. She is married to the writer Matthew Brzezinski, and they have three children.

Matthew Graves - SVP, Finance

As Senior Vice President of Finance, Matthew oversees TAU's accounting, investment pipeline and strategic due diligence. He is also a member of TAU's investment committee.

Matthew is a CPA by background. Over the past 20 years he has split his time between investment banking in Bermuda and New York, and leading multi-year, multi-million dollar technology projects at GE Corporate in Fairfield, CT. In addition, Matthew has been the CFO of three operating companies and early in his career was a corporate controller.

Karlyn Adams - VP, Strategy & Transformation

Karlyn Adams is a founding member of TAU, leading the design and execution of the turnaround and growth strategies for the firm's portfolio companies and the broader value chains in which they operate.

Prior to joining TAU, Adams was a Project Leader with the Boston Consulting Group (BCG) where she led transformational programs for large corporate clients across multiple industries, regions and business functions. Her background includes strategic planning, innovation & creativity, organizational design, change management, and sustainable business strategies. Adams also previously worked for Accenture, IBM and Soft Solutions, a merchandising technology solutions provider for retailers.

Adams brings significant experience in economic development within emerging markets to Tau, having served as a fellow for the OIC International in the Republic of Guinea (West Africa). She also served the Ministry of Education in Namibia, assessing the country's educational technology program in elementary schools. With Trabajo Para un Hermano, an NGO in Chile, she provided business advisory services to microenterprise clients. She also worked on IT platform strategy for a bank in Egypt.

Adams has an MBA from Wharton where she was awarded a Joseph Wharton fellowship, an MA in International Affairs from Johns Hopkins SAIS and a BA in Economics from Stanford. She is fluent in French and Spanish.

Summerly Horning - VP, Stakeholder Relations

Serving as TAU's VP of Stakeholder Relations, Summerly manages the firm's strategic partnerships with brands, retailers, and policy makers.

Prior to joining TAU, Summerly spent 15 years with her private family company, and the last four years serving as the Executive Vice-President of Newport Federal, its parent company. During that time, Summerly's primary area of focus was opportunistic real estate acquisitions and operations. She co-directed corporate strategy and was responsible for directing acquisitions and transitions, strategic partnerships and asset turnaround.

In addition, Summerly has spent significant time co-developing management, marketing and operations for Telluride Ski Resort, a renowned travel destination majority-owned and operated by Newport Federal. In the process, she has collaborated and implemented strategies for economic sustainability throughout the region.

Summerly is an active human rights advocate, and a graduate of Chapman University in Southern California.

Lauren Weiniger - Chief of Staff

As Chief of Staff to the CEO, Lauren is responsible for building organizational processes, overseeing TAU's fundraising strategy and managing relationships across TAU's diverse stakeholder groups.

Previously, Lauren was Manager of Strategic Collaborations for the family office of a Forbes 50 member with a net worth over $8 billion. While there, she secured over $40 million in contracts with multinational corporations, directed portfolio company branding, messaging, and PR, and organized high-profile events to build and strengthen portfolio networks.

Lauren began her career at Citigroup as a Derivative Analyst in New York. She later directed investor conferences for The Institute for International Research, where she focused on family office and pension fund events. Lauren also spent time in Buenos Aires leading a project for the Grameen Trust, the foundation arm of the microfinance institution Grameen Bank.

Lauren received a Masters in Business Administration from the University of Oxford, Lincoln College, and a B.S. in Finance and Theatre from the University of Maryland, College Park. In 2014 she was named a member of the Milken Young Leaders Circle.

Capitalist Solutions to Capitalism's Failures

Operating Partners

Jean Baderschneider, PhD

With 35 years of experience, Dr. Baderschneider retired from ExxonMobil in 2013 where she was Vice-President, Global Procurement. She had global responsibility for all procurement, strategic sourcing, supply chain management, warehousing and accounts payables. Dr. Baderschneider has been responsible for operations all over the world, particularly in Africa, the Middle East and Asia. She has a deep understanding of high-risk operations/locations and complex partnerships.

Dr. Baderschneider serves as the Chair of the Global Leadership Council and a member of the Board of Trustees of The Polaris Project and is focused on a global anti-human trafficking strategy (Vision 2020). She is also on the Board of Trustees of Made in a Free World which is currently engaging the business community in a supply chain risk assessment initiative designed to identify and mitigate child and forced labor and other human rights issues.

Dr. Baderschneider is a past member of the Board of Directors of the Institute for Supply Management and the Executive Board of the National Minority Supplier Development Council (NMSDC). She is a current appointee to the Department of Commerce's National Advisory Council of Minority Business Enterprises (since February 2011). She is a past board member of The Center of Advanced Purchasing Studies (CAPS) and the Procurement Council of both The Conference Board and the Corporate Executive Board.

Dr. Baderschneider is a member of the Site Council and Executive Committee of The President Lincoln's Cottage, a Historic Site of the National Trust for Historic Preservation, and an Advisory Council member of the Ford Theatre. In addition, she is on the Board of Trustees of the Maret School in Washington, D.C. She is a member of the Advisory Council of the ILR School at Cornell University and a long time member of Cornell's President's Council of Cornell Women.

Dr. Baderschneider has a Masters degree from University of Michigan and a Ph.D. from Cornell University. She is the recipient of Cornell's 2013 Jerome Alpern Award and Nomi Network's 2013 Corporate Social Responsibility Award.

Osman Yousuf

Osman Yousuf is the Chief Executive Officer of The SYF Group, Inc., and brings over 25 years of international experience in energy and infrastructure business development, primarily gained in Asia, the Middle-east and Western Africa. He is responsible for the overall development of the Group's business strategy.

Born in Bangladesh, Mr. Yousuf has extensive experience in international business development and has devoted much of his time and resources to nurturing educational access and religious and cultural tolerance the world over. Yousuf has advised the United States Agency for International Development (USAID) and the World Bank Group on foreign investment promotion and the development of public-private initiatives. He was the Principal Advisor to Occidental Oil and Gas Corporation (now owned by Chevron Bangladesh) for the negotiation of Bangladesh oil and gas production sharing contracts, and founded the Bangladesh US Business Council, which has actively promoted US-Bangladesh trade and investment over many years.

Yousuf received his MBA from the Kelly School of Business at Indiana University. He currently serves on the School of Public Policy Board of Visitors at Pepperdine University and is on the International Council of Advisors at the Asian University for Women.

Capitalist Solutions to Capitalism's Failures

Advisory Board

Alexander Soros (Development Strategy)

Alexander Soros is the managing partner of Soros Brothers Investments. In 2012, he established the Alexander Soros Foundation, which supports civil rights, social justice, and educational causes. He also created the Alexander Soros Foundation award for Extraordinary Achievement in Environmental and Human Rights Activism. The inaugural award went to Liberian activist Silas Siakor.

Soros is the founding chair of the board of directors of Bend the Arc Jewish Action, a leading progressive Jewish domestic lobby in the United States. He also serves on the board of the Soros Economic Development Fund and on the advisory board of Global Witness. Soros is a graduate of New York University and is currently pursuing a PhD at the University of California, Berkeley.

Jean Baderschneider, PhD

With 35 years of experience, Dr. Baderschneider retired from ExxonMobil in 2013 where she was Vice-President, Global Procurement. She had global responsibility for all procurement, strategic sourcing, supply chain management, warehousing and accounts payables. Dr. Baderschneider has been responsible for operations all over the world, particularly in Africa, the Middle East and Asia. She has a deep understanding of high-risk operations/locations and complex partnerships.

Dr. Baderschneider serves as the Chair of the Global Leadership Council and a member of the Board of Trustees of The Polaris Project and is focused on a global anti-human trafficking strategy (Vision 2020). She is also on the Board of Trustees of Made in a Free World which is currently engaging the business community in a supply chain risk assessment initiative designed to identify and mitigate child and forced labor and other human rights issues.

Dr. Baderschneider is a past member of the Board of Directors of the Institute for Supply Management and the Executive Board of the National Minority Supplier Development Council (NMSDC). She is a current appointee to the Department of Commerce's National Advisory Council of Minority Business Enterprises (since February 2011). She is a past board member of The Center of Advanced Purchasing Studies (CAPS) and the Procurement Council of both The Conference Board and the Corporate Executive Board.

Dr. Baderschneider is a member of the Site Council and Executive Committee of The President Lincoln's Cottage, a Historic Site of the National Trust for Historic Preservation, and an Advisory Council member of the Ford Theatre. In addition, she is on the Board of Trustees of the Maret School in Washington, D.C. She is a member of the Advisory Council of the ILR School at Cornell University and a long time member of Cornell's President's Council of Cornell Women.

Dr. Baderschneider has a Masters degree from University of Michigan and a Ph.D. from Cornell University. She is the recipient of Cornell's 2013 Jerome Alpern Award and Nomi Network's 2013 Corporate Social Responsibility Award.

Brian Behlendorf (Technology Innovation)

Brian Behlendorf is Managing Director at Mithril Capital Management in San Francisco. His career has been a mix of technology start-up, public policy, and non-profit tech leadership.

Behlendorf serves on the Boards of the Mozilla Foundation, the Electronic Frontier Foundation, and Benetech, three organizations using technology to fight for civil liberties, open technologies, and social impact in the digital domain. Prior to Mithril, Behlendorf was Chief Technology Officer at the World Economic Forum.

He also served for two years at the White House as advisor to the Open Government project within the Office of Science and Technology Policy, and then later as advisor to Health and Human Services on open software approaches to health information sharing. Before that he has founded two tech companies (CollabNet and Organic) and several Open Source software projects (Apache, Subversion, and more).

Brett House (Macroeconomic Strategy)

Brett House is a founding member of TAU and contributes to the design of its business model and financing strategies.

House is currently a Senior Fellow at the Centre for International Governance Innovation (CIGI) and a Senior Fellow at the Jeanne Sauvé Foundation at McGill University, where he is also a Lecturer in the Economics Department. His research focuses on macroeconomic growth, trade, sovereign debt restructuring and impact investing.

House was previously a Global Strategist at Woodbine Capital Advisors, a NY-based global macro hedge fund. At Woodbine, he developed a track record of combining quantitative frameworks with qualitative analysis to identify investment opportunities across asset classes in developed, emerging and frontier markets.

House has worked in diverse roles in academia, the international public sector and financial markets. Prior to joining Woodbine, he was Principal Advisor on financial issues in the Executive Office of the United Nations' Secretary-General; Policy Advisor at the UNDP; and Senior Macroeconomist at The Earth Institute, Columbia University. From 2000 to 2007 House was an economist at the International Monetary Fund (IMF), where he worked across a wide range of major economies and policy issues. House held earlier academic positions at the University of Oxford, where he was a Rhodes Scholar, and at the University of Cape Town, where he was a Rotary Scholar. He also worked in capital markets with the World Bank and emerging markets fixed-income sales and trading with Goldman Sachs.

House holds an M.Phil. in Economics from Oxford and a BA Honours (First Class) from Queen's University, Canada, and was named a Young Global Leader by the World Economic Forum. He speaks French, Spanish and Portuguese and hails originally from Vineland, Ontario.

Bruce Klatsky (Apparel & Manufacturing)

Bruce J. Klatsky served as CEO and Chairman and of the Board Directors of Phillips-Van Heusen Corporation (PVH), from 1993 until June 2007. During his 13 years as CEO, he led the transformation of a 120 year-old shirt company into one of the largest apparel and footwear companies in the world.

Mr. Klatsky joined PVH in 1971 as a merchandising trainee after graduating cum laude from Case Western Reserve University and studying law at the Georgetown University Law Center. He worked in various capacities at PVH, and after 16 years was named President of the company in 1987. In 1993 he was appointed Chief Executive Officer.

As CEO of PVH, Mr. Klatsky oversaw the operations and strategic development of a multi-division NYSE-traded public company with approximately 20,000 employees, annual sales in excess of $2 billion, and brand revenues of approximately $6 billion. At PVH, Mr. Klatsky's oversight grew the company's market capitalization from approximately $300 million to more than $3.5 billion. In 2002, he led the successful acquisition and integration of Calvin Klein, adding the brand to a roster of companies that included Van Heusen, G.H. Bass & Co., Gant, Geoffrey Beene, Kenneth Cole, Arrow, BCBG Max Azria, Chaps, Sean Jean, Michael Kors, and Donald Trump.

One of Mr. Klatsky's responsibilities at PVH was the transformation of the company from a domestic manufacturer of footwear and apparel to a global producer. He accomplished this by opening factories and developing a variety of sourcing relationships around the globe. This was achieved simultaneously with his advocacy for worker rights and protections, as well as advising various government agencies on trade matters.

Mr. Klatsky served as Vice Chair, Treasurer and member of the Board of Directors of Human Rights Watch. As a recognized leader in the apparel and footwear industries, he worked with three Presidential administrations. He served on President Clinton's White House Apparel Task Force to help advance reforms intended to improve working conditions around the world. He also served as an advisor on U.S. trade policy to both the Reagan and H.W. Bush administrations.

In late 2005 and 2006, utilizing a platform provided by the Aspen Institute, he developed a proposal for USAID to assist in the creation of an export processing zone in the Gaza strip. This in an effort to promote regional stability by providing increased employment opportunities and an economic engine for growth, thereby replicating the model that has assisted in the evolution of many developing nations.

Mr. Klatsky co-founded a private equity company in March 2006, LNK Partners, to identify and support strong management teams in building outstanding consumer and retail businesses.

Chris Brown (Emerging Markets)

Christopher Brown is the founder and Director of The Global Emerging Markets North America, Inc., where he oversees the New York office and manages private placements on a global basis. He was on the Board of Directors of Bahrain-based VC Bank (www.vc-bank.com), co-sponsor of the GEM MENA Fund. In addition, he is Chairman of the CITIC- GEM Fund (www.citic.com), a non-voting General Partner in Kinderhook Industries (www.kinderhookindustries.com) and on the Board of Directors of the Global Leadership Foundation (www.globalleadershipfoundation.com). He began his career with Drexel Burnham Lambert in Sales & Trading in 1985. He later joined Smith Barney as an Investment Advisor from 1986 to 1988 and worked for Shearson Lehman Brothers from 1988 to 1993. Mr. Brown attended UCLA.

David Batstone (Social Enterprise)

David Batstone is co-founder and president of global anti-slavery organization Not For Sale (www.notforsalecampaign.org), and co-founder and managing partner of Just Business (www.justbusinessfund.com), an international investment group that incubates social enterprises. He is currently a business professor at the University of San Francisco, and was previously an investment banker in the technology industry.

Batstone has authored five books, is the recipient of two national journalist awards, and was named National Endowment for the Humanities Chair at the University of San Francisco for his work in technology and ethics.

Diana Propper de Callejon (Cleantech Investing)

Diana Propper de Callejon has worked for over 20 years investing in and building businesses that deliver financial returns and environmental and social benefits. Her sector experience includes energy, forestry, agriculture, green building and water.

Propper de Callejon is a General Partner of Clean Technology Fund II which is managed by Expansion Capital Partners, in which she is currently a Director and Senior Advisor. Her investments in growth stage Cleantech and sustainability companies include green building (DIRTT Environmental Solutions; IPO on the TSX), power management (CPower, sold to Constellation Energy), and energy efficiency (Orion Energy; IPO, NYSE).

Prior to Expansion Capital, Propper de Callejon was a cofounder and Managing Director of EA Capital, an advisory firm that worked with the Fortune 500, financial institutions, private equity firms and family offices to identify investment opportunities in sustainability and resource efficiency and productivity.

Propper de Callejon started her career working in emerging markets, spending 6 years in Africa and South America, where her work included providing loans to small businesses in the Amazon that processed and exported non-timber forest products such as nuts, fruits and oils. Customers included Ben & Jerry's and The Body Shop.

Propper de Callejon has an MBA from Harvard Business School and a BA Summa Cum Laude from Duke University.

James Gifford (Institutional Investments)

Dr. James Gifford is a Senior Fellow at the Initiative for Responsible Investment at the Harvard Kennedy School, where he researches sustainable investment in emerging markets and methods to deliver positive impact within mainstream investment strategies.

Previously, Dr. Gifford was the founding Executive Director of the UN-supported Principles for Responsible Investment, taking the initiative from inception in 2003 and building it, over 10 years, into the preeminent global initiative on responsible investment with 1200 signatories representing $30 trillion in assets. He has published numerous articles and book chapters on responsible investment.

Dr. Gifford holds a PhD from the University of Sydney on the effectiveness of shareholder engagement in improving corporate environmental, social and governance performance, as well as degrees in Commerce and Law, and a Masters in Environment Management. He speaks Indonesian and has established an NGO that supports young Indonesians to enter university. In 2010 the World Economic Forum named Dr. Gifford as one of 200 Young Global Leaders.

Terry Mollner (Responsible Investing)

Terry Mollner is Chair of StakeHolders Capital, Inc. in Amherst, MA, a socially responsible asset management firm and also the home of "common good investing," which invests in companies that give first priority to the common good and second priority to the financial return to shareholders, while fully doing both.

Mollner is a founder (1982) and member of the board of the Calvert Funds, Inc., the first family of socially responsible mutual funds that has $6 billion under management. He also took the lead to create the Calvert Foundation, Inc. which raises capital via notes where investors choose an interest rate between 0-2%. It has $550 million invested to reduce poverty around the world in microloan programs, low-income housing, and social enterprises.

Mollner is also a member of the Board of Directors of Ben & Jerry's. He was part of a team that secured a contract with Unilever when they bought the company which allowed the board of directors to maintain ownership of the social mission and brand integrity – the only socially responsible company bought by a multinational to secure such a contract. His latest book is The Love Skill: We Are Each Mastering the 7 Layers of Human Maturity. He is now working on another book entitled, Common Good Capitalism: As We Mature It Is Inevitable.

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