Lee Babcock

LHB Associates researches, designs, and implements mobile strategies that connect the economic base of the pyramid with formal economic activity. Our mission is to empower rural communities with mobile finance and other ICT/mobile business models. • Research and writing • Advisory • Speaking engagements Get in touch with us at Lee@LHB-Associates.com or call on 202-841-2787.

Review and evaluate financial consequences of proposed programs as requested by the Mayor and Council.

Post Graduate: Northcentral University, Arizona Graduate: Trinity University, Washington DC Undergraduate: • University of Riga, School of Economics, in Former Soviet Republic of Latvia • University of Tuzla, School of Economics in Bosnia & Herzegovina • Strayer University, Virginia • Catholic University, Washington DC Subject Matter Expert - Saylor Foundation - design of massive open online (MOOC) courses

Provided proposal preparation, business development, technical assistance, program management and interim chief of party services. • Started up Mobile Strategy unit with mandate to integrate mobile money and mobile data throughout all programming for Financial Services, Agribusiness, Food Security, Enterprise Development and Community Development. • Published author on mobile finance • Managed research on mobile solutions .

For $60 billion USD agency created as a result of the 1997/98 Asian financial crisis Dr. Babcock performed an investment banking oversight/supervisory role in the divestiture of nationalized corporate assets. Maximized value was sought through; IPOs, strategic sales and debt-to-equity conversions.

Assisted the Ministry in adhering to the World Bank’s conditionality requirements for their next Structural Assistance tranche payment to the Government. To facilitate the strategic sale of seven state owned enterprises he designed a highly regarded ‘pipeline privatization process’.

Managed the largest of four offices that delivered consulting products (i.e. corporate restructuring, business plans, financial plans, market plans, quality plans, accounting plans, and action plans) to 175 SME clients, or 34% of the total project portfolio representing $60M of loan disbursals from the USAID-funded Business Development Program (BDP).

Facilitated strategic merger, acquisition and divestiture needs for small and medium sized companies. Completed transactions included; • $5 million job shop metal fabrication company, • $200K chocolate truffles manufacturer and retailer, • $600K snack food distribution company, • $55K sandwich deli. • multiple restaurants and gas stations.

Trained, supervised and motivated two partners and eight employees. Assumed a leadership role within the nascent industry by promoting: • professional valuation practices • ethical, flat-rate fee arrangements • formation of an industry association

As Training Director: Designed implemented, and managed a 400+ hour cultural, economic, technical and language training program for 26 incoming SME Peace Corps Volunteers. • Supervised staff and was directly responsible for a $500,000 budget and all financial reporting.

Dr. Babcock led a corporate turnaround for a $100M division of a Silicon Valley manufacturer. • Designed and published an original budget, • Directed the physical inventory process; improved inventory turnover • Negotiated property damage insurance claims • Established cost standards for material, labor and overhead.

Provided pre-merger and acquisition appraisals for: • Closely held corporations, • Fractional business interests, • Restricted publicly traded securities • Debt and equity investment instruments, and • Purchase price allocations

Provided internal audit compliance guidance and trainings for: • Cost Accounting Standards (CAS), • Federal Acquisition Regulations (FAR) and • Defense Federal Acquisition Regulations (DFAR) • Fraud, waste and abuse concepts He also provided; • Litigation support and, • Identified $30 million of cash flow enhancements for a defense contractor

Dissertation explored if any statistically significant correlation between MCC's selection criteria and measurements of developing country e-readiness.