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New appointments to IVSC Board of Trustees

29 September 2022

New Trustees bring further finance and regulatory expertise to the IVSC’s Board of Trustees

IVSC is pleased to announce three new appointments to its Board of Trustees.

New Trustees were confirmed by the IVSC’s Nominations Committee during the 2022 AGM in Fort Lauderdale and will take up their roles from October 2022, on an initial three-year term.

As a former financial services regulator, I have experienced first-hand the value of international standards in strengthening and transforming financial markets. I look forward to working with my fellow Trustees, staff and board members at the IVSC to support the development of valuation standards and advocate for their adoption, particularly in Africa.

Japheth Katto (Uganda), is a corporate governance and financial services regulation consultant and managing partner of Japheth Katto Consult which focuses on board training and development, board evaluations, board searches and board remuneration surveys.

He is the Chairman of the boards of Stanbic Uganda Holdings Limited (part of Standard Bank Group of South Africa) and Uganda Breweries Ltd (a subsidiary of East African Breweries Plc, part of Diageo Group). Japheth also sits on the board audit and risk committee, investment committee and corporate governance committee (which he chairs) of East African Breweries Plc.

Mr.Katto  was CEO of Uganda’s Capital Markets Authority (CMA) for 16 years until end of 2013. As its first CEO, he led CMA’s and the capital markets industry’s growth not only in Uganda but also in the Africa and Middle East region.

Prior to joining CMA, he held several senior positions in financial services regulation  with the Investment Management Regulatory Organization and latterly the Financial Services Authority, UK from 1990 to 1997.

Between 1982 and 1989 Japheth worked for the UK Department of Trade and Industry in the insolvency service  and companies investigation division. Prior to then he held various accounting and auditing roles in East Africa and the UK.

Since returning to Uganda from the UK in 1998, Mr. Katto has held key public appointments in Uganda, including commissioner on the Judicial Commission of Enquiry into the Closure of Banks, Council Member of African Peer Review Mechanism (Uganda) and Chairman of the Ministry of Finance’s Pension Liberalization and Regulation Sub-Committee.

Mr. Katto has won several awards including Pearl of Africa Lifetime Achievement Award, Accountancy Age ACCA Member Achievement Award and the League of East African Directors/EY Best NED Award (2021).

Mr. Katto has devoted his time and resources on all the above and other voluntary assignments to contribute to the development of the accountancy profession in Uganda, Africa and globally. He believes that global standards, transparency, and accountability are key to the growth of capital markets in particular; and to sustainable social and economic development globally but more importantly in developing countries and Africa in particular.

The development and promotion of International Valuation Standards will significantly impact financial and other markets, as lenders, investors, issuers and regulators all benefit from consistency in approach. In Brazil, markets have benefited from a well-conducted adoption of international accounting standards, and this success helps build the case for IVS.

Marcelo Barbosa (Brazil) was President of the Brazilian Securities and Exchange Commission (CVM) from 2017-2022.

He has a Bachelor of Law from the Faculty of Law of the State University of Rio de Janeiro (UERJ) and master’s degree in Law (LL.M) from Columbia University in New York, USA.

Mr Barbosa was Professor of Commercial Law – Corporations of UERJ (2000-2001), corporate law in the Continuing Education Program of FGV-Rio (2007-2015) and Concrete Cases of Corporate Law and Capital Markets of FGV-Rio (2016-2018).

He was Chairman of the Board of Trustees of Fundação Estudar and a member of the Advisory Board of Columbia Global Centers Latin America (Rio de Janeiro) and of the Committee for Acquisitions and Mergers (CAF), as well as a Fiscal Advisor to the Lemann Foundation.

Mr Barbosa has author numerous articles on corporate and capital market law topics and is a frequent speaker at conferences in Brazil and abroad.

With increasing focus on ESG, global valuation standards agreed in an open and inclusive way are sure to improve governance and bring greater confidence to investors and financial markets. It would be my duty and privilege to bring India’s knowledge and experience to the process, as one of the largest and fastest growing economies in the world.

Narayan K. Seshadri (India), a Qualified Chartered Accountant, started his career with Arthur Anderson. He subsequently joined KPMG and rose to become Managing Partner of the Business Advisory Practice of the firm in India. He possesses expertise in strategic planning, good management practices and financial engineering.

With over 40 years of experience across different sectors and countries, many enterprises he has counselled are now multibillion-dollar businesses continuing to grow.

He founded Tranzmute, a Management and Business Transformation Services enterprise that works with underperforming businesses of high potential and stressed assets to transform them into robust rapidly growing companies.

Narayan is non-executive Chairman of several listed Indian companies including PI Industries, AstraZeneca Pharma India and is an independent director of several other leading companies in which management seeks active board participation.

There are more than 170 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.

There are more than 200 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.