Les Nemethy

Mr. Nemethy has more than 20 years of experience in M&A, investment banking, Private Sector Development and law. As an Undersecretary of State for Hungary, Mr. Nemethy managed all transactions occurring in the Hungarian Privatization Agency. He was responsible for a staff of 150 and approximately $1 billion of annual privatization revenues. As a Senior Private Sector Development Specialist at the World Bank, Mr. Nemethy worked throughout the world developing privatization programs, reforming regulatory structures and attracting investment capital to sectors including heavy industry, mining, energy, telecommunications, transportation, and capital markets. In addition to his privatization experience, Mr. Nemethy also served as CEO of the second Hungarian telecom operator, Matel Ltd., which today is Invitel. In 1999 Mr. Nemethy founded Euro-Phoenix and has since managed transactions in nearly every Central and Eastern European country. Mr. Nemethy holds degrees in Law, Economics, Political Science and a Masters of Business Administration from leading universities in Canada.