Prof. Dr. Marc-Michael Bergfeld

Prof. Dr. Marc-Michael Bergfeld, Dipl.-Kfm. (Ingolstadt School of Management), Ph.D. (Manchester Business School / Tsinghua University), Exec. Ed. Private Equity & Venture Capital (Harvard Business School), is Founder and Group Managing Director at Courage. Prior to founding the firm, he has served in management consulting and a large German family conglomerate. At Courage, he drives the growth of the firm and actively advises our clients on succession, innovation and investment. He is also Professor of Global Entrepreneurship & Family Firms at Munich Business School, and teaches at world-class universities such as the University of Vermont, Singapore Management University (SMU / Singapore), Instituto Administration de Empresas (IAE / Argentina), and Universidad Francisco Marroquín (UFM / Guatemala). He is a Member of the Expert Advisory Group on Innovation in SMEs at the European Commission, on numerous Advisory and Owners Boards in family businesses, and author of the book “Global Innovation Leadership”.


Frank Bannys

Frank Bannys, Dipl.-Kfm. (Universität Mannheim; University College of Swansea), certified Coach and certified Intercultural Trainer, is Partner in the advisory division at Courage. Prior to joining the firm, he has been Senior Vice President at Giesecke & Devrient GmbH, President of BA Banknote Inc., General Manager of G&D Cardtech Inc. and CFO of G&D America Inc. Frank advises our clients on strategic succession, insightful investment, and the subsequent implementation of core projects. He is also a Lecturer of Intercultural Communication and Conflict Management at Munich Business School as well as Duale Hochschule Baden-Würtemberg, Mannheim, teaches at Universidad Francisco Marroquín (UFM / Guatemala), and authored the book “Interkulturelles Management”.


Sandeep Caberwal

Sandeep Caberwal, B.Sc. (Duke), J.D. (Georgetown), is Partner in the advisory and the venture practise at Courage. Prior to joining the firm, he has been a corporate lawyer, globally recognized model and serial entrepreneur, creating four companies in New York, the Silicon Valley and India, a.o. backed by Accel Partners and Tiger Global Management. At present, Sandeep is Founder and CEO of Bond, an investment of Courage Ventures, and works on intelligent innovation and insightful investment assignments. He represents the firm in New York. He is also a Lecturer of International Management and Emerging Markets at Munich Business School.


Johannes Ritz

Johannes Ritz, M.A. (Munich Business School), MIB (Florida International University) is Director Latin America at Courage and runs the executive education modules at the Courage Center. Prior to joining the firm, he was Marketing Director at the private university “Universidad Internacional del Ecuador”, after working on several consulting projects in different industries in Europe and Latin America. Johannes studied International Business in Munich, Miami, Qingdao and San José (CR) gaining a deep understanding of cultural differences and their effects on business. Johannes advises our clients on strategic succession and intelligent innovation, and represents the firm in Latin America. He is pursuing his PhD on internationalization of family firms at University of Antwerp in a joint research project with the Courage Center. He is also a Research Associate and Lecturer on Global Family Firms at Munich Business School.


Rafael de Cárdenas López

Rafael “Rafa” de Cárdenas López, MBA (Massachusetts Institute of Technology), Bachelor of Business Administration (Universidad Autónoma de Madrid – Spain), is Partner in the advisory division at Courage. Prior to joining the firm, he has been founder and CEO at Hotchalk International and Chief Academic Officer at HotChalk Inc. Rafa has 20 years experience in building, leading and managing companies internationally. He served as President of Innovation and Global Products at Grupo SM, a large international education publishing company. Prior to this, Rafa served as Director of International Markets at Grupo SM, running operations in several countries. He previously founded and lead Grupo SM’s operations in Argentina. Earlier in his career, he served at Arthur Andersen, auditing companies in the energy sector, and has founded two non-profit organizations. At present, Rafa advises our clients on corporate innovation and the creation and acceleration of ventures. He represents the firm in Spain and is also a Lecturer of Leadership and Emerging Markets at Munich Business School. He is a Board member of ASIECO and acts as Educational Counselor for MIT.


Dr. Kay Segler

Dr. Kay Segler is an experienced Senior Advisor at Courage. Prior to joining the firm, he was Senior Vice President Special Projects Asia at BMW Group, Senior Vice President MINI at BMW Group, President of BMW M GmbH as well as President of BMW Asia. He also served as the Honorary Consul of the Republic of Singapore to Bavaria & Saxony. In addition to his role at Courage, Kay is Head of the Advisory Board at Weltbild, as well as Senior Advisor to the President of Nanyang Technological University in Singapore, where he was appointed Professor (Adjunct) at the Nanyang Business School. Kay brings over 30 years of top management experience and deep relationships to Courage and empowers our clients in long-term strategy development, brand management, innovation and investments, especially in Asia.


Uwe Roediger

Uwe Roediger is an experienced Senior Advisor at Courage. Prior to joining the firm, he was Executive Vice President and Head of the Latin America hub at Giesecke & Devrient GmbH, after having been Senior Project Manager for large scale energy projects and investments of Siemens AG across the entire Latin American continent. Uwe brings over 30 years of management experience and trusted relationships to Courage and deploys both to support and advise our clients in insightful investment, especially regarding Latin America.