Management Board

Management Board

Our management board is charged with developing and implementing our strategy as well as complying with legislation, regulations, risk management and auditing.

While the Management Board is accountable in practical terms, FMO remains a flat organization. Reporting lines are short and clear, facilitating supervision and control.

Appointed by our Supervisory Board, our Management Board is comprised of three directors:

Linda Broekhuizen (1968), Chief Executive Officer a.i.

Linda Broekhuizen was appointed as interim CEO by the Supervisory Board in October 2020. She has been part of FMO’s Management Board as Chief Investment Officer for almost seven years. 

Before joining the Board in 2014, she was as Director Financial Institutions responsible for FMO’s largest sector portfolio. Within FMO she successfully set up Agribusiness as a new focus sector. She was also FMO's first Manager Sustainability Development, a new position created to integrate ESG as a business case in FMO’s core investment process. 

In 2000, she started working at FMO, at first being responsible for investments in a selected number of countries in Eastern Europe & Central Asia and later in the Latin America department, where she managed a team since 2005. Before joining FMO, she worked at Fortis Bank in the Financial Institutions team for Latin America.

Linda has Master Degrees in International Relations and in Business Administration. In 2010 she finalized a postgraduate program on Corporate Social Responsibility Management. She is member of the Supervisory Board of KIT (Royal Tropical Institute), member of the Development Cooperation Committee of the Dutch Advisory Council on International Affairs, Supervisory Board Member of the Netherlands Council for Trade promotion (NCH), member of the Appeals Commission of the Foundation for Banking Ethics Enforcement, and member of the Netherlands Advisory Board on Impact Investing. Aslong as she acts as FMO CEO a.i., Linda is also Member of the Board of Directors of EDFI ASBL, the association of bilateral European Development Finance Institutions.

Fatoumata Bouaré (1966), Chief Risk & Finance Officer

Fatoumata Bouaré joined FMO’s Management Board in October 2017 as Chief Risk & Finance Officer. Before that, she held the positions of Director Risk Management Head at the Bank of Africa Group and Deputy Chief Executive Officer of Bank of Africa Benin. In her capacity as the highest-ranking risk professional at the Bank of Africa Group, she was in charge of all integral aspects of risk, including environmental, social and sustainability risks. Bank of Africa Group is present in 18 countries with total assets of USD 7 billion, more than 500 branches and 6000 staff.

Fatoumata's early career developed primarily with blue-chip multinationals. Working first in treasury and finance, she held several regional finance roles with Citibank (Ivory Coast, Senegal), where she eventually transitioned to risk management. Thereafter, Fatoumata assumed two high-level risk positons at United Bank for Africa (Ivory Coast, Burkina Faso). She then joined Bank of Africa in 2010.

Fatoumata Bouaré has a degree in Engineering (Ivory Coast) and a Master of Business Administration from L'Ecole Supérieure des Sciences Economiques et Commerciales (ESSEC in France). 

huib-janderuijter.jpgHuib-Jan de Ruijter (1976), Chief Investment Officer a.i.

Huib-Jan joined FMO’s Management Board as interim Chief Investment Officer in October 2020. Since 2015, Huib-Jan was Director Financial Institutions, responsible for the sector department which works closely with banks, microfinance institutions and fintechs to advance access to finance for entrepreneurs. He started within FMO as Investment Officer in the Financial Markets department in 2008. He was promoted to Director of this department in 2011 and in this capacity responsible for FMO’s treasury as well as loan syndications.

Before joining FMO, he was an Executive Director in the Financing Group of Goldman Sachs based in London. He started his career at ABN AMRO for which he worked in various roles in Amsterdam, London and Lisbon. Huib-Jan studied in Groningen where he completed Masters in both Business Administration and Law. He is a CFA Charterholder and attended Summerschool at the London School of Economics and Political Science (LSE) where he took courses on International Development.