Ehrbeck Will Join Omidyar Network As Partner

REDWOOD CITY, California and NEW YORK, Sept. 22, 2014 /PRNewswire/ -- Omidyar Network today announced that Tilman Ehrbeck will join the philanthropic investment firm as a partner.  Based in Washington D.C., Ehrbeck will oversee Omidyar Network's Financial Inclusion, Impact Investing, and Property Rights initiatives.  Omidyar Network Managing Partner Matt Bannick made the announcement during the Clinton Global Initiative Annual Meeting in New York.

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"We are extremely pleased to have Tilman join us and lend his considerable expertise and talents to Omidyar Network's mission," said Bannick.  "His breadth of experience across the financial inclusion and development fields, as well the private sector and government service, provide him unique insights and perspectives into the challenges we're addressing.  Those of us who have worked with him over the years have formed a deep respect not only for his professional skills, but also for his integrity and humanity.  Tilman will be an exceptional addition to our team." 

Ehrbeck will join Omidyar Network in January 2015.  He is currently serving as CEO of the Consultative Group to Assist the Poor (CGAP), the high-profile global partnership of 34 leading organizations that share the common mission to advance financial inclusion for the poor.  CGAP was created in 1995 and is housed at the World Bank, where Ehrbeck is also a director. Ehrbeck led a successful $100 million fundraising campaign in support of CGAP's current five-year plan, and regularly writes and comments on financial inclusion-related issues.  Prior to CGAP, Ehrbeck was a partner with McKinsey & Company, where he held a series of leadership positions in the Global Banking and Healthcare Practices. He has worked in Africa, Asia, Europe, and North America. Ehrbeck holds a Ph.D. in Economics from the EU-sponsored European University Institute (EUI) and an undergraduate degree from the University of Hamburg.

ABOUT OMIDYAR NETWORK

Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. Omidyar Network has committed more than $730 million to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple initiatives, including Consumer Internet & Mobile, Education, Financial Inclusion, Government Transparency, and Property Rights. To learn more, visit www.omidyar.com and follow on Twitter @omidyarnetwork  #PositiveReturns.