SNS Bank: team for impact investment

January 2011. Triple Jump’s partner SNS Bank is to launch a dedicated 10-strong team for impact investment. The team will act as the umbrella operation for the bank’s microfinance, sustainable agriculture and water related funds, which SNS has made part of its specialties.

The new unit will start with 400 to 500 Million USD in assets. SNS hopes that the unit’s assets under management would rise to 650 to 700 Million USD by the end of 2011 and 1 Billion USD n three years time. In microfinance, SNS already works with two managers: Developing World Markets (DWM) and Triple Jump.
Read more here.