Summit Development Group - Chief Executive Officer
http://www.summitdevgp.com

United Kingdom (London)

Peter Hinton, CEO of Summit Development Group (SDG), a Botswana based vehicle, which looks to make strategic investments in banks and financial institutions in Africa. SDG looks to add value to its investments and in particular transform them to focus on the missing middle - SMEs, the un-banked and affordable mortgage finance. SDG looks to provide an attractive return to investors (currently raising US$125m) and create 4m jobs over 7 years through successfully serving the missing middle.

Peter has 24 years of commercial experience including 14 years of banking, SMEs and private equity in Africa. Until 2007 he was CEO of Enterprise Banking Group (“EBG”) which comprised Fina Bank, Kenya and Fina Bank, Rwanda (formerly the Government owned BACAR). Peter negotiated these investments and drove the new strategy, recruited senior teams, reset the vision / mission, re-branded the banks, strengthened boards and built strategic relationships with DFIs and government agencies (Dfid, Kfw) to add value and build the businesses. Prior to EBG Peter was Head of Strategy and Development at African Banking Corporation (“ABC”), a Botswana listed banking group operating in 5 countries.

Prior to that he was responsible at CDC Capital Partners for initiating, making, managing and exiting investments in African FIs (1997-2002). Deals included taking a 20% stake in SSB the 4th largest bank in Ghana in 2000 – subsequently sold to SocGen, taking a 5% stake in CBA, Kenya subsequently sold to co-investors and leading the transformation of DFCU in Uganda.
Prior to CDC he ran Africa’s first Fair Trade Organisation from 1993-97 and before that worked in strategy for the FT top 100 company BhS in the UK. He qualified as a chartered accountant in the UK and has a master’s degree in Development Economics from UWC (S Africa).