IFFIm appoints three new members to its Board of Directors

Longtime banking officials provide significant international experience

Washington DC & Geneva, 1 January 2012 – Three longtime banking officials with significant international experience have joined the board of directors of the International Finance Facility for Immunisation (IFFIm), beginning their tenures on 1 January 2013.

The 3-year terms were approved by the board in December and include:

  • Cyrus Ardalan, Vice Chairman of Barclays, where he has served in several key roles in government relations, emerging markets and investment banking. Mr Ardalan also is currently the head of EU and UK Public Policy and Government Relations at Barclays, and earlier headed a variety of investment banking initiatives. He previously worked in senior positions at Paribas Capital Markets and Chemical Bank, as well as a division chief for Treasury operations at the World Bank. He has served on several boards, including currently for the International Capital Markets Association.
  • Marcus Fedder, who most recently has focused on microfinance after a long career in banking, during which he held senior positions at Toronto Dominion Bank, CIBC and Deutsche Bank. Mr Fedder also has significant global development experience, having served as treasurer of the European Bank for Reconstruction and Development (EBRD) and earlier as an advisor to governments and central banks while working for the World Bank.
  • Christopher Egerton-Warburton, who helped create IFFIm as the lead banker at Goldman Sachs at its creation. Mr Egerton-Warburton currently is a partner in the merchant banking firm Lion’s Head Capital Partners following a long career with Goldman Sachs, working within its Debt Capital Markets group with a particular focus on emerging markets. He is an expert in the structuring and execution of innovative finance solutions.

 

The appointments are in conjunction with the expiring term of John Cummins, who rotated off the board at year-end 2012, the upcoming expiration of the term of Dayanath Jayasuriya at end-June 2013, and the departure of Arunma Oteh at year-end 2011.

IFFIm is a multilateral development institution created to accelerate the availability of predictable, long-term funds for health and immunisation programmes through the GAVI Alliance in more than 50 of the world’s poorest countries. It has raised more than US$ 3.7 billion in the bond markets, backed by US$ 6.3 billion in pledges from nine countries.

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