Finance executive brings deep experience of public and private sector funding
London, 19 March 2020 – Jessica Pulay has been appointed to the Board of Directors of IFFIm, the International Finance Facility for Immunisation, and will serve a three-year term effective 1 April 2020.
Ms Pulay brings to the board experience from her long and varied career in both private and public sector finance and capital markets. She joins five other directors with diverse backgrounds in banking, capital markets, and the health sector, as well as experience in supranational, government and development finance. Ms Pulay’s appointment to IFFIm’s board coincides with the end of the term of retired banking and microfinance executive Marcus Fedder, who served on the board for seven years, since 2013.
"Jessica brings her extensive experience in private and public sector markets to IFFIm. Her perspective and expertise will be invaluable as we use innovative tools to help Gavi address both immediate and future public health challenges,” said Cyrus Ardalan, Chair of IFFIm's Board of Directors.
As a board member, Ms Pulay will oversee governance for IFFIm as it looks for opportunities to positively impact global health outcomes. A pioneering socially responsible investment organisation established in 2006, IFFIm has, to date, received US$ 6.55 billion in multi-year pledges which it has used to back the issuance of Vaccine Bonds sold on capital markets to raise flexible, immediate funding for Gavi, the Vaccine Alliance. Gavi’s programmes are aimed at saving children’s lives and protecting people’s health by increasing use of vaccines in lower-income countries. The bonds have proven attractive to investors looking for a socially responsible investment that also offers a good rate of return and portfolio diversity.
Ms Pulay’s appointment to the IFFIm Board is in a personal capacity. Her background includes 16 years at the European Bank for Reconstruction and Development (EBRD) in London, as well as working for Morgan Stanley, Goldman Sachs, and Credit Suisse First Boston. Ms Pulay also contributes to education and the arts as a trustee of the Wallace Collection, a former trustee of the Arts Foundation and a committee member of the Cliveden Literary Festival, as well as 17 years of service to Queen’s College, a London-based school where she was vice chairman of the governing council. Following her experience in the 2004 Asian tsunami, Ms Pulay helped to establish the Rewatha Orphanage in Sri Lanka.
Ms Pulay has, since 2015, been Co-Head of Policy and Markets at the UK Debt Management Office (DMO), where her responsibilities include managing (and providing policy advice on) the UK government’s debt issuance and cash management strategy, as well as leading the research and business operations areas. She is also an executive member of the DMO’s managing board.