ARC Ltd Management

Ms Dolika BandaDolika Banda
Chief Executive Officer

A Zambian economist and advisor, Ms Banda has more than 25 years of international banking and financial management experience with a focus on economic development in sub-Saharan Africa. Most recently, Ms Banda was Regional Director for Africa at the UK’s Commonwealth Development Corporation (CDC) since 2013.Ms Banda has also worked at the World Bank Group’s International Finance Corporation for 16 years within its financial markets, credit, accounting and treasury departments. As Director of Financial Markets, she managed the IFC’s financial markets activities across sub-Saharan Africa, Latin America and the Caribbean. She has also held senior corporate and merchant banking positions at Barclays and Citibank in Zambia.

Having held many positions of trust, Ms. Banda currently sits as a non-executive director on a number of boards, including Ecobank Transnational Incorporated.

Ms Ange ChitateAnge Chitate
Chief Operating Officer

Ms Ange Chitate has extensive expertise in operations and portfolio management. She joined the team from Southern Africa Trust, a non-profit entity targeting poverty reduction, where she was Business Development and Sustainability Manager and Head of Operations. Prior, she was at Acutech Business Solutions where she was a senior manager and consultant in establishing Enterprise Project Management Offices. Ms Chitate has over 10 years in corporate services and operations; sales, communications, and relationship management in the finance and telecommunications industries. She also brings project management and financial sector experience, having worked with Standard Bank and Metropolitan Retail groups.

Ms Chitate holds an MBA from the University of the Witwatersrand and Rotterdam School of Management. She is a Prince2, P30 and Change Management practitioner. She sits on the board of Ripple Reading, an organization that focuses on child literacy. Born in Zimbabwe, Ms Chitate speaks English and Shona.

Dr Simon YoungSimon Young
Senior Advisor

Dr. Simon Young was appointed as the inaugural CEO of ARC Ltd in 2014. He manages the operations of ARC Ltd as well as the insurance underwriting and international risk transfer processes.Over the past 15 years, Dr. Young has worked with numerous private and public sector organisations on disaster insurance and risk reduction projects in Latin America, the Caribbean and most recently in Asia-Pacific and Africa. He was a leading member of the consulting team which created the Caribbean Catastrophe Risk Insurance Facility (CCRIF), a natural disaster insurance pool for the Caribbean islands, and went on to manage the key service provider to CCRIF for 6 years. He also advised CCRIF on its expansion into Central America and on the structuring and placement of the CCRIF Cat Bond, the first to be placed through the World Bank Treasury, in 2014.

Simon is a volcanologist by training and, after completing his Ph.D., worked for the British Geological Survey, including a secondment as the first Director and Chief Scientist at the Montserrat Volcano Observatory.

Mr Tim Nielander Tim Nielander
Senior Legal Advisor

From 2005 until 2010, Tim served as General Counsel and Managing Director of Corporate Services for the GAVI Alliance, an international development institution that supports immunization projects in over 50 developing countries. He was responsible for managing legal affairs, the insurance portfolio and corporate services in a coordinated effort with international organizations including WHO, UNICEF, the World Bank, foundations, NGOs and government development agencies. Tim also coordinated project legal support for the US $4 billion International Finance Facility for Immunization and the US $3 billion Advance Market Commitment for Pneumococcal Vaccines.Prior to his role at GAVI, he practiced with the Seattle law firm, Preston Gates & Ellis LLP, where he provided counsel to a broad range of clients, including the Bill and Melinda Gates Foundation, Microsoft Corporation, Amazon.com and T-Mobile.

Tim has worked on a variety of projects involving multinational stakeholders from the private and public sectors in Europe, Latin America, Asia and Africa. He currently serves as a Board Member and advisor for foundations and development institutions based in Switzerland, Uganda, Thailand and India. He is a qualified solicitor in England/Wales and licensed to practice law in the U.S. He also holds a PhD from the Graduate Institute of International and Development Studies, University in Geneva, Switzerland in International Studies/Law on the topic of Legal Frameworks for Global and Regional Development Public-Private Partnerships.

Mr David MasloDavid Maslo
Finance and Underwriting Analyst

David joined in ARC Ltd in 2016 as Finance and Underwriting Analyst.

Former consultant on risk management, business intelligence and digital transformation to public and private sectors, he contributed to building data analytical frameworks in Africa with specific focus on health in the workplace.

David holds two Bachelor’s degrees from the University of Pretoria in Political Sciences and International Relations and in Economics. He is also completing a degree in Statistics and Operations Research from the University of South Africa and a certification in Applied Data Science with Python from the University of Michigan. He is a Member of the U.K. Institute and Faculty of Actuaries.

He is fluent in French and English, and proficient in Spanish.

Ms Nicole MutebaNicole Muteba
Executive Assistant and Office Manager

Nicole joins us from the International Finance Corporation (“IFC”), the private sector arm of the World Bank Group.  She has over twelve years’ experience working in administrative and operational support roles. Specifically, she served for several years as Executive Assistant to the Vice-President for Sub-Saharan Africa, Western Europe, LAC and Caribbean regions.  Over the last five years she has been Portfolio Assistant, providing anchor support to the IFC portfolio risk monitoring team for Sub-Saharan Africa on all aspects of portfolio supervision and compliance.In addition to her technical, administrative and organizational skills, Nicole brings a level of maturity, professional discernment and commitment to the developmental mandate that ARC stands by.

Nicole is originally from the Democratic Republic of Congo. She holds a Postgraduate Diploma in Management from North-West University (NWU) in Potchefstroom, South Africa and is currently studying towards a Master program in Business Administration. She is fluent in French and English.

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