Daniel de Lange, as the representative of Norfund, has replaced Herbert Ludwig Jaeger and been appointed as a Director of Mutual Trust Bank Limited (MTB). Norfund holds 9.53% of the outstanding shares of MTB. Norfund is owned and funded by the Norwegian Government and is the Governments most important tool for strengthening the private sector in developing countries, and for reducing poverty. de Lange was a member of the management team and board of directors of a London-listed company focused on investment in, and development of, alternative energy projects. As a member of the main and investee boards, he was involved in oversight of all aspects of the company. He currently is a senior advisor to responsibility Investments AG, a USD 3 billion Zurich-based impact asset manager focused on the finance industry and renewable energy in Asia, Africa and Latin America. He is on the Investment Committee of the ACPF fund, involved in approving new investments, as well as undertaking risk and other related activities.