Council member

Staci Warden, Executive Director, Global Market Development, Milken Institute

https://milkeninstitute.org/

“Developing countries need trillions of dollars annually to meet the basic requirements of the sustainable development goals. At the same time, institutional investors, with often double-digit actuarial hurdle rates, have put a whopping $18 trillion into negative yielding government bonds. UNCDF can be an important part of creating opportunities to put that capital to much better work, in ways that accrue deep benefits to both sides, which is why I’m excited to be a part of this advisory council.”

Staci Warden is the executive director of Global Market Development at the Milken Institute, where she leads strategic initiatives on developing capital markets, innovative finance, FinTech for financial inclusion, and access to capital. She co-founded a global program to train and mentor policymakers in financial policy.

Prior to the Milken, she spent six years with JPMorgan in London, where she led its public sector client franchise in EMEA and two years in New York on the sovereign Debt Capital Markets team. Before JPMorgan, she was a director at the Nasdaq, where she ran its two markets for micro-cap companies. At the U.S. Treasury, she ran its international debt-for-nature restructuring program. She was the startup COO of the Center for Global Development, and prior to that worked as an economist at the Carnegie Endowment and the Harvard Institute for International Development.

Ms. Warden has worked in over 50 countries and has served as a ministerial-level advisor on capital market development, sovereign-wealth management, and poverty reduction. She chairs the Board of the Rwandan Capital Markets Authority and sits on the Boards of the Global Blockchain Business Council and the Energy for Growth Hub.


Council Members

Mahesh Kotecha, President, Structured Credit International Corp. (SCIC)

Mahesh is President and founder of Structured Credit International Corp. (SCIC), which provides financial advisory services on ratings and capital markets access for emerging markets and other clients.

Raj Kumar, CEO, Devex

Raj is the founding president & editor-in-chief of Devex, the media platform for the global development community. Devex is committed to ensuring that global development efforts do more good for more people.

Philippe Le Houérou, Former CEO of IFC

Philippe Le Houérou was Chief Executive Officer of IFC from March 2016 to September 2020. Mr. Le Houérou designed and implemented a new strategy aimed at “creating new markets and opportunities” in developing countries.

Carol Pepper, Founder & CEO, Pepper International

Carol Pepper is the Founder and CEO of Pepper International, a highly respected Family Office and Consulting Firm. In 2021, she is delighted to be celebrating her 20th year as the most trusted independent Family Office Advisor on the planet.

Durreen Shahnaz, CEO, IIX

Durreen Shahnaz, a global leader of social impact and impact investing, is the founder of Impact Investment Exchange (IIX) and IIX Foundation.

Timothy Turner, Former AfDB Group Chief Risk Officer

Tim Turner is currently working for the Trade and Development Bank of Eastern and Southern Africa (TDB) as senior advisor to the President with a focus on financial innovation.

Staci Warden, Executive Director, Global Market Development, Milken Institute

Staci Warden is the executive director of Global Market Development at the Milken Institute, where she leads strategic initiatives on developing capital markets, innovative finance, FinTech for financial inclusion, and access to capital.


Officio Members

Preeti Sinha, Executive Secretary, UNCDF

Ms. Sinha is a globally experienced investment and development banker with a 30-year track record associated with raising and managing institutional public and private development capital.

Xavier Michon, Deputy Executive Secretary, UNCDF

With over 2 decades of experience in the UN, brings in-depth knowledge of programme and operations at HQ and in the field.

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