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)
United Kingdom
Member since January 2006
Dr Alan Gillespie has an extensive background in both banking and
development and currently serves as Chairman of the Ulster Bank Group,
a subsidiary of The Royal Bank of Scotland Group. He began his career
at Citigroup/Citibank in London and Geneva, 1976-1986. He joined Goldman
Sachs & Co in 1986 in New York and was a partner and Managing
Director in London 1990 -1999. Dr Gillespie has also served in a number
of public sector roles. These include Chief Executive of the Commonwealth
Development Corporation (CDC) Group plc London; Chairman of the Northern
Ireland Industrial Development Board; President of the Association
of EU Development Finance Institutions and as Chairman of the University
Challenge Venture Capital Fund. Dr Gillespie received his B.A., M.A.
and PhD from the University of Cambridge.
Michèle Boccoz
John Cummins
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.
