The Daily Star, Dhaka, Bangladesh / Asia News Network
WWR Article Summary (tl;dr) Bangladesh’s Durreen Shahnaz — founder of Singapore-based Impact Investment Exchange (IIX) and IIX Foundation will be recognized for her leadership with “Impact Investing.” The socially conscious form of capitalism has been growing rapidly in recent years and Shahnaz has been an innovator at the forefront of this movement.
Bangladesh / Asia News Network
Bangladesh’s Durreen Shahnaz — founder of Singapore-based Impact Investment Exchange (IIX) and IIX Foundation — has won the 2017 Business for Peace Award.
Durreen has picked up the award for her commitment to promoting an evolved form of capitalism that values both financial returns and a positive social and environmental impact.
Durreen is the third Bangladeshi to receive this award after Latifur Rahman, chairman and CEO of Transcom Group in 2012, and Selima Ahmad, vice chairperson of Nitol-Niloy Group in 2014.
Her company, IIX has effectively created a social capital market in Asia over the last eight years, connecting investment to development and unlocking millions of dollars for high-impact enterprises, which in turn have left its mark on more than eight million lives.
A daughter of a former top civil bureaucrat in Bangladesh, Durreen was the first Bangladeshi woman to work on Wall Street and to graduate from the Wharton School of Business.
Her first entrepreneurial venture was in 1999 when she began oneNest, an e-commerce company that connected rural artisans across the world to an online global marketplace.
After growing and selling oneNest, she continued her pursuit of sustainable growth and equitable markets by founding IIX and creating not only the world’s first social stock exchange but also a global ecosystem and various innovative financial structures and capital-raising platforms to support the growth of impact investing.
Under Durreen’s leadership, IIX continues to be a pioneering force and leader in the impact investing space that pushes the boundaries of innovation when it comes to involving players from the private, public, and philanthropic sectors in solving today’s most pressing issues.