Chief Risk Officer at Vitas Group
Non Executive Director

Richard Shumann is Chief Risk Officer of Vitas Group, the leading microfinance network in the Middle East. Mr. Shumann has 25 years experience in strengthening companies to better serve low income clients, especially in financial inclusion. His key strengths are supervising institutions to grow portfolios, independent internal audit, developing policy standards, and strengthening credit operations.  Mr. Shumann is a prominent expert in housing microfinance, having designed or modified products in Latin America, Africa, the Middle East and Central Asia.  Before joining Vitas Group, Mr. Shumann had long term work assignments in Mozambique, Angola, Burundi and Guinea. He has a BA in Economics from Macalester College, and a Master’s Degree in Public Affairs from the Woodrow Wilson School of Public and International Affairs.  He is fluent in French, Portuguese, and Spanish.