Former Chairman of the Management Committee and CEO of the Luxembourg Stock Exchange from 2001 to 2012, has decided to step down after 8 years with a very positive track record. Under Michel Maquil's presidency, InFiNe has been able to find its place in the Luxembourg ecosystem by bringing together very different actors ranging from NGOs specialized in inclusive finance, such as ADA, to key actors in development cooperation, such as LuxDev, but also investment funds, the European Investment Bank and the Luxembourg Ministry of Foreign and European Affairs, which has provided exceptional support to InFiNe since its inception. Today, the InFiNe network gathers 36 members, key actors from the public, private sectors and the Luxembourg civil society, highlighting the solid competencies and the high level of expertise of this ecosystem fostering the deployment of inclusive finance worldwide.

"I am pleased to see Tom replacing me as InFine’s President. It is an excellent choice by the InFiNe Board of Directors members. With his career in audit and in the financial industry, often backed by microfinance or inclusive finance projects, and his innate sense of teamwork, Tom has all the skills and competencies needed to continue the development of InFiNe." Michel Maquil, outgoing President of InFiNe.lu.

Throughout his professional career as an auditor and financial advisor, Tom Pfeiffer has had the opportunity to participate in evaluations and audits of development aid projects or microfinance programs. Between 2016 and 2019, he served as CSR and sustainability leader at Deloitte Luxembourg. Continuing the work of Michel Maquil, Tom Pfeiffer is keen to bring a new revival to the InFine network, continuing to develop and leverage the wide range of expertise characterized by the diversity of its members.

"Becoming Chairman of the Board of Directors of the Inclusive Finance Network Luxembourg A.s.b.l. is a real honour, which obliges me. Convinced that financial inclusion is essential to improve the lives of people who still face barriers to accessing finance, I look forward to enhancing the collective knowhow in responsible and inclusive finance in Luxembourg, together with all the members of the Board of Directors. InFiNe is a key player in improving access to finance for low-income groups worldwide." Tom Pfeiffer, New President of InFiNe.lu.

The Board of Directors, the entire InFiNe team and the member’s institutions warmly thank Michel Maquil for his service, his constructive contributions and his unfailing commitment to inclusive finance.