Thursday, October 15, 2009

Impact Investment Exchange Asia

Impact Investment Exchange Asia

The Impact Investment Exchange Asia (IIX) will be Asia’s first social stock exchange, providing a trading platform and an efficient capital raising mechanism for Asian Social Enterprises (SEs), including both for-profit and not-for-profit entities with a social mission. IIX will connect these SEs with impact investors seeking to achieve both a social return and an economic return on their investment while providing capital to fund innovative social businesses.

IIX will serve as a marketplace for the listing, trading, settlement and clearing of stocks and bonds issued by SEs. IIX will enable investors to invest in and trade shares issued by for-profit SEs and bonds issued by either for-profit or not-for-profit SEs.

Unlike BOVESPA in Brazil and SASIX in South Africa, which facilitate grants from philanthropists to not-for-profit entities, IIX will facilitate investments by impact investors in economically viable SEs throughout Asia, which will generate both economic and social returns.

IIX was founded by Durreen Shahnaz. Durreen sold her social business oneNest to Novica , and has prior experience in the financial services sector (Morgan Stanley, Grameen Bank, Merrill Lynch, World Bank) as well as the media industry (Hearst Magazines International, Reader’s Digest Asia, Asia City Publishing Group). Durreen is also Head of the Program in Social Innovation and Change and Adjunct Associate Professor at the Lee Kuan Yew School of Public Policy of the National University of Singapore.

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