IVSC Welcomes New Appointments to Standards Boards

The International Valuation Standards Council (IVSC) is pleased to announce the appointment of several distinguished valuation professionals to its independent standard-setting boards. These appointments reflect IVSC’s continued commitment to ensuring that the development of International Valuation Standards (IVS) is informed by diverse expertise, global perspectives, and the highest standards of professional excellence.

Each appointee will serve an initial three-year term, in accordance with IVSC’s governance framework. Board members are appointed through a transparent and rigorous selection process overseen by the IVSC Nominations Committee, which evaluates candidates based on their professional expertise, international experience, and ability to contribute to the public interest mandate of IVSC’s independent standard-setting process.

Regular refreshment of board membership ensures that IVSC’s standards continue to benefit from evolving expertise, broad geographic representation, and insights from across the valuation ecosystem. Term limits promote both continuity and renewal, supporting the development of standards that remain relevant, robust, and globally applicable.

• Greg Franceschi (United States) – Managing Director and Global Leader of the Financial Reporting Practice and Office of Professional Practice, Kroll

IVSC is pleased to welcome Greg Franceschi to the Standards Review Board. Greg is a Managing Director in Kroll’s Valuation Services practice, where he leads the firm’s Global Financial Reporting and Office of Professional Practice functions. He brings extensive expertise in global valuation standards, financial reporting, and regulatory matters, alongside significant experience advising public and private companies, investors, and global institutions. His experience working across U.S. GAAP, IFRS, and international regulatory frameworks will strengthen the Board’s oversight of IVS development and alignment with global financial reporting and valuation practices.

• Celine Bes (United Kingdom) – Head of EMEA at 73 Strings

Celine Bes joins the Business Valuation Board. Based in London, Celine is Head of EMEA at 73 Strings, where she leads regional expansion and supports innovation in portfolio monitoring and valuation technology. Her career includes senior roles at Goldman Sachs and Ernst & Young, where she developed expertise in private equity valuation, transaction advisory, and financial markets. Her experience across traditional and technology-enabled valuation environments will support the continued evolution of IVS in response to changing market structures and technological innovation.

• Mark Kirim (United States) – Managing Director and Head of Valuations at Antares Capital

• Rafaël Le Saux (Luxembourg) – Valuation Director, PwC & Vice Chair of the Luxembourg Valuation Professionals Association (LVPA)

Mark Kirim has been appointed to the Financial Instruments Board. Mark is Managing Director and Head of Valuations at Antares Capital and brings extensive experience in valuation, portfolio risk, and valuation governance across investment management and financial services. His prior roles at Crestline Investors, Bloomberg, and State Street provide him with extensive insight into valuation control, pricing, and risk frameworks across global capital markets.

Rafaël Le Saux is a senior valuation leader based in Luxembourg, with more than fifteen years of international experience spanning leading advisory firms and global investment managers, including EY, PwC, and Partners Group. He currently works with major global asset managers and institutional investors, advising on valuation governance, alternative investments, and regulatory compliance. Rafaël is also a founding member and Vice Chairman of the Luxembourg Valuation Professionals Association, contributing to the advancement of the valuation profession in one of the world’s leading investment fund centres.

• Motlatso Mmadjadji Maloka (South Africa) – Valuer-General of South Africa

• Nilesh Suchdev (India) – Founder and Principal Consultant at Suchdev Associates

• Muhammad Ali Shaikh (Abu Dhabi, United Arab Emirates) – Partner at Knight Frank

• Nino Beraia (Georgia) – President of the Independent Valuers Society of Georgia

• Mario Rafael Marqués Tapia (Mexico) – Managing Partner and Founder of Valuación Organizada S.A. de C.V. (VALOR)

IVSC is pleased to welcome four new members to the Tangible Assets Board, reflecting the global breadth and diversity of valuation practice.

Motlatso Mmadjadji Maloka, Valuer-General of South Africa, brings over 30 years of experience in public-sector valuation, land reform, and property taxation. She played a central role in establishing South Africa’s Office of the Valuer-General and continues to contribute to national valuation governance and professional development.

Nilesh Suchdev, Founder and Principal Consultant at Suchdev Associates in India, brings over two decades of experience advising financial institutions, investors, and public-sector bodies on valuation, regulatory compliance, and transaction support, with a strong focus on integrating valuation standards into practical advisory frameworks.

Muhammad Ali Shaikh, Partner at Knight Frank, brings extensive experience in plant, machinery, and infrastructure valuation across multiple sectors and regions, including Europe, the Middle East, Africa, and Asia. He has led valuation engagements supporting financial reporting, transactions, taxation, and infrastructure investment.

Nino Beraia, based in Georgia, brings over 15 years of experience applying valuation standards across emerging markets, including real property, infrastructure, and industrial assets. She has contributed to standards development, IVS translation initiatives, and professional education across Eastern Europe and Central Asia.

Mario Rafael Marqués Tapia, Managing Partner and Founder of Valuación Organizada S.A. de C.V. (VALOR) in Mexico, brings more than three decades of valuation experience across real estate, infrastructure, industrial assets, and machinery. He has played a leading role in advancing the valuation profession in Mexico and Latin America through professional leadership, education, and the development of valuation methodologies aligned with International Valuation Standards.

Together, these appointments significantly enhance the Board’s geographic representation and technical expertise across public sector valuation, infrastructure, real estate, and industrial assets.

Strengthening IVSC’s Independent Standard-Setting Process

IVSC’s standard-setting boards operate independently, developing IVS through a transparent, consultative process that engages stakeholders across the global valuation ecosystem. Board members serve fixed terms, ensuring a regular introduction of new perspectives while maintaining the experience and institutional knowledge necessary for effective standard-setting.

These appointments reinforce IVSC’s commitment to developing globally accepted, principles-based valuation standards that promote transparency, consistency, and confidence across financial markets.

IVSC welcomes the new board members and looks forward to their contributions in advancing International Valuation Standards in the public interest.

🔗 Learn more about the IVSC Boards and their work at: www.ivsc.org/boards