Intellecap Inducts K Sree Kumar as Chief Executive Officer

K Sree Kumar is Intellecap's new Chief Executive Officer. With over 25 years of experience, he has worked in management, strategy, consulting, offshore services, IT and corporate finance, primarily with major professional services firms. End Quote

(1888PressRelease) September 01, 2010 - Intellecap (Intellectual Capital Advisory Services Private Limited), the pioneering Social Investment Banking and Advisory Firm, today announced the appointment of Mr. Krishan Sree Kumar to the post of CEO.

Krishan Sree Kumar, an alumnus of the Indian Institute of Technology Delhi and the Indian Institute of Management Bangalore, has over 25 years of experience in management, strategy, consulting, offshore services, IT and corporate finance, primarily with major professional services firms. He has worked with development finance institutions, the financial services industry, telecommunications companies, water and energy utilities, governments undergoing reform, and donor agencies across the globe. He has served clients in Africa, the Caribbean, Central America, East Asia, India, the Middle East, the UK, and the USA.

Mr. Vineet Rai, Chairman and co-founder of Intellecap, remarked, "We are fortunate to have someone of Sree's caliber to lead Intellecap as it moves into a phase of rapid growth. We look forward to consolidating and furthering Intellecap's position as a thought leader in the Consulting, Investment Banking and the Knowledge sector under Sree's stewardship."

Mr. Philip Vassiliou, Managing Director of Legatum Ventures, said, "As a significant investor in Intellecap, we believe that the company will play a leading role in helping businesses operating at the bottom of the pyramid achieve both scale and sustainability. We are confident that Sree's experience and expertise in building and managing leading advisory businesses will be extremely helpful to ensuring that Intellecap can meet the growing demands of its clients that will benefit millions of poor people. We extend a warm welcome to him."

Mr. Sree Kumar stated, "I am excited to be part of Intellecap, with its explicit commitment to balancing social and commercial outcomes and to contribute with its talented and energetic team to growth in India and other emerging markets."

About Intellecap:
Intellecap's mission is to provide the intellectual capital to catalyze the growth of businesses with positive social and environmental impacts. Established in 2002, Intellecap has pioneered advisory and investment banking to Microfinance companies worldwide and has now taken advisory services to other Base of the Pyramid focussed businesses.

The Intellecap family comprises the parent entity (Intellectual Capital Advisory Services Private Limited) in India, and two subsidiaries, IntelleCash Microfinance Network Company based in Mumbai and Intellecap Inc. based in Palo Alto (California, USA). Intellecap's key shareholders are its founders, employees and Legatum Ventures, a global proprietary investment fund. For more details, visit www.intellecap.com

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