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2012 CYFI Awards Ceremony Profile of Award Finalists 4 April 2012 Amsterdam, the Netherlands


CYFI Awards Ceremony The 2012 CYFI Awards recognized achievements in financial inclusion, entrepreneurship, financial education and global promotion of the topic. The Awards celebrated outstanding efforts in increasing access to safe and responsible financial products for youth, providing access to high-quality financial services and financial education that will help youth build a foundation for financial stability and allow them to realize their full potential as economic citizens. Awards were presented to the champion of each category ranging from national platform to a youth champion.


Award themes • Outstanding efforts of national entities in promoting the Child and Youth Finance activities nationally • Role model of national entities in participating in the Child and Youth Finance Day/ Week • Pioneering financial service providers in exploring financial access for children/youth • Youth role models & champions in financial access and Child and Youth Finance Education

Award categories • Pioneer Award • Country Award • Youth Champion Award • Child and Youth Finance Week Honors Award


General Criteria The CYFI Awards acknowledge the work of an individual, organization or national platform that has championed one or more aspects of economic rights of children and youth and is evaluated according to the following aspects: • Excellence: Nominees demonstrated outstanding character and reputation. • Accountability: Nominees showed good governance and transparent financial management. • Creativity: Nominees displayed a creative use of resources to deliver innovative and flexible programs. • Partnership: Nominees highlighted effective collaboration and partnership. • Sustainability: Nominees contributed to the impact of children in the long term. • Track record: Nominees’ initiatives were established within their community. • Impact: Nominees addressed the need and desire to achieve preferred outcomes. • Outreach: Nominees exhibited the current and future outreach of initiatives. • Cost-effectiveness: Nominees highlighted that their funds go a long way.


The Jury With richly varied backgrounds, the members of the jury have years of professional experience as practitioners in the areas of finance, child welfare and/or non-profit development. Chair • Baroness Valerie Howarth is the chair of the Children and Family Court Advisory and Support Service. Previously, Baroness Howarth was Chief Executive of ChildLine in the UK, the first UK representative of the European Form for Child Welfare and a founder of the King’s Cross Homelessness Project and London Homelessness Forum, and the Director of Social Services in Brent. Judges • Ms. Ozlem Denizmen Kocatepe, a financial literacy advocate, has launched the ‘Para Durumu’ financial literacy initiative in Turkey. Ms. Denizmen is the President for Strategy at Dogus Holding, and is a Young Global Leader of World Economic Forum. • Mr. Shaun Mundy is a consultant, specialized in financial capability and financial services regulation. His clients have included a number of international organizations, including the OECD, CGAP, World Bank and Microfinance Centre for ]] Central & Eastern Europe and the New Independent States. • Dr. Henrik Naujoks is a director of Bain & Company, leading the financial services practice for EMEA. In 2007, Dr. Naujoks was elected by the World Economic Forum (WEF) as “Young Global Leader” and currently serves on the Broad of Trustees for The Global Exchange for Social Investment. • Mr. Mukul Pandya has more than twenty years of experience as a writer and editor, and has won four awards for investigative journalism. Mr. Pandyahas is the Editor-in-Chief of Knowledge@ Wharton, a web-based journal of research and business analysis published by The Wharton School. • Mr. Eric Parrado is a consultant who provides ongoing assistance on sovereign wealth funds issues to central banks and governments in various regions. Mr. Parrado is currently not only the Manager of the Financial Stability Division of the Central Bank of Chile, but also Advisor to the Director of the Financial Policy Department and an Economist and Technical Advisor to the International Monetary Fund (IMF) and the World Bank. • Mr. Ville Vasaramaki is the Executive Director of the European Youth Parliament. • Ms. Andrea Vogel is the Chief Sharing Officer at Xchange powered by Ernst & Young. Ms. Vogel serves as the Leader EMEIA Strategic Growth Markets at Ernst & Young and is a partner at Ernst & Young, The Hague. • Ms. Lauren Young is the personal finance editor at Thomson Reuters overseeing personal finance for and other Thomson Reuters platforms. Ms. Young previously worked at BusinessWeek and SmartMoney Magazines.


The Winners Pioneer Award XACBANK, MONGOLIA Xacbank received the Pioneer Award for innovation and implementation of unique products, with globally sharing of best practices. Their children’s savings account introduced in 2002, is now an independent brand with a recognizable slogan, “Future Millionaire”, and 109 000 account holders.

Country Award NATIONAL BANK OF SERBIA The Country Award was presented to the National Bank of Serbia for their national financial inclusion initiative, which targets youth between the ages of 5 and 19. They are also committed to formally introducing financial education as a compulsory school subject in 2013.


Youth Champion Award CARLA SANCHEZ VASQUEZ Ms. Carla Sanchez Vasquez, a 10 year old from Ecuador, won the Youth Champion Award this year. Ms. Sanchez Vasquez is the secretary of her Aflatoun Club, saves through the Bancos del Barrios program, and has encouraged 22 peers to save.

Child and Youth Finance Week Honors Award CENTRAL BANK OF MOROCCO The ChildFinance Day Honor went to Bank al-Maghrib from Morocco, for ChildFinance Week from March 16-22, 2012, themed “Our Children Discovering Finance� for children aged 8 to 17. They collaborated with a number of stakeholders; carrying out activities in 16 regions in Morocco. They mobilized 300 trainers and 200 speakers, reaching 33 000 primary and secondary school children.



2012 CYFI Awards Ceremony  
2012 CYFI Awards Ceremony