Philip Sigwart is the Group CEO-designate of Baobab. Previously, Philip was the Group Director of SME Banking at Equity Group Holdings, one of the leading banking groups in East Africa with a customer base of 12 million. In its lending operations, Equity Group focuses primarily on financing MSME’s. Previously, he worked in senior management positions in Eastern Europe and the Balkans at the ProCredit Group based in Frankfurt, Germany, and has held directorships at ProCredit subsidiaries in Eastern Europe, Latin America and Africa. He started his career with the European Bank for Reconstruction and Development - Russia Small Business Fund. He holds a master's degree in economics from the University of St. Gallen in Switzerland and an MBA from the University of Chicago Booth School of Business.