IFFIm governance

The GAVI Secretariat provides support to two independent boards of directors: the IFFIm Board and the GAVI Fund Affiliate Board, which act on behalf of the two entities created to make IFFIm operational. The IFFIm Board is responsible for the management of the International Finance Facility for Immunisation Company (IFFIm), registered as a UK Charity with number 1115413.

Current IFFIm Board membership

 

Alan R. Gillespie, CBE (Chair)
Michèle Boccoz
John Cummins
United Kingdom
Member since January 2006
John Cummins currently serves as the Group Treasurer of The Royal Bank of Scotland plc. Formerly he was the Group Treasurer of the Standard Life Assurance Company, the largest mutual assurer in Europe. Mr Cummins was one of the original team to establish Standard Life Bank and the Group Treasury function. He was also instrumental in the development of overall funding for Standard Life Group and Bank, using capital, banking and money markets. Prior to his work at Standard Life, Mr Cummins served as Treasurer at MBNA International Bank Limited; a Money Markets Manager at the Yorkshire Building Society; a Customer Dealer at Wallace, Smith Trust Co. LTD; and Assistant Manager Financial Institutions Group at Citibank NA. He received his BA Honours from University College, Oxford University and his Masters in Business Administration from Bradford University.
Dayanath Chandrajith Jayasuriya
Arunma Oteh

Functions of the IFFIm Board

The IFFIm Board:

• Reviews and approves requests for funding from IFFIm, submitted by the GAVI Fund Affiliate Board, taking the following factors into consideration:
  • that the request is materially complete, and is in accordance with the GAVI strategic objectives and programme principles;
  • the ability of IFFIm to raise funds necessary to meet the request, given market conditions and other factors;
  • the funding, liquidity and other operating strategies approved by the IFFIm Board following consultation with the Treasury Manager;
  • any additional requirements specified in the various documentation to which IFFIm is a party.

IFFIm Board meetings

In principle, the IFFIm Board intends to meet in person on a quarterly basis, and by telephone, as needed. Meeting agendas are prepared by the Board Chair, through consultation with the Treasury Manager, IFFIm’s legal counsel, and other advisers.