Council member

Timothy Turner, Former AfDB Group Chief Risk Officer

After 25 years with the African Development Bank and the Trade and Development Bank, including on innovations that optimize balance sheets and leverage scare resources, I am looking forward to continuing similarly to support progress in the least developed countries with the UNCDF.”

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.

Tim recently retired as the chief risk officer (CRO) for the African Development Bank Group (AfDB). Under his leadership, the AfDB undertook a number of innovative credit risk transfer transactions, such as the first synthetic securitization of a development loan portfolio, to generate additional lending headroom for the Bank and to create new pathways for institutional investment in Africa. Before his appointment as CRO in 2013, Tim was the director of the AfDB’s private sector banking team.


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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