KATHMANDU, FEBRUARY 12
NIBL Equity Partners has appointed veteran banker Upendra Poudyal as a member of its Advisory Board, aiming to strengthen its strategic leadership and focus on sustainable and values-based banking.
The private equity arm of NIMB Ace Capital announced the appointment on Thursday, stating that Poudyal brings nearly four decades of experience in Nepal's financial services sector, spanning commercial banking, investment banking and sustainable finance.
Poudyal has previously served as Chairman of Nabil Bank Ltd., Nepal's first joint-venture bank, and as Chief Executive Officer of NMB Bank for 17 years. During his tenure, he led reforms in governance, risk management and sustainable banking practices. He has also worked with regulators, financial institutions and development partners to strengthen Nepal's banking system.
His contributions to the sector have been recognized by the Government of Nepal with the Prawal Janasewa Shree (Fourth). He has further supported ESG and Environmental and Social Risk Management capacity-building programmes backed by international institutions such as IFC, FMO and Invest for Impact Nepal.
Shivanth Pande, CEO of NIBL Equity Partners, said Poudyal's expertise in sustainable and values-based banking would provide critical guidance as the firm enhances governance frameworks and advances innovation within Nepal's banking and private equity landscape.
In response, Poudyal said Nepal's private equity ecosystem is at a pivotal stage and expressed commitment to supporting NIBL's next phase of growth. He noted that he looks forward to collaborating with the Board and management to promote a resilient and inclusive private equity environment in the country.
Poudyal currently serves as the Asia Pacific Regional Representative of the Global Alliance for Banking on Values (GABV) and chairs the Advisory Committee for the Post Graduate Diploma in Sustainable Business Management at the School of Management, Tribhuvan University.
NIBL Equity Partners is the private equity initiative of NIMB Ace Capital, a subsidiary of Nepal Investment Mega Bank Limited. The firm focuses on financing growth-stage companies and promoting sustainable value creation within Nepal's business ecosystem.