Harald Hirschhofer
Development Fellow

Harald Hirschhofer is a Fellow at NIFTYS and a Senior Adviser at TCX. He joined TCX at its launch in 2008 to implement a macro-fundamental based pricing approach for currency risk in frontier markets. His current work includes strategic initiatives to scale-up currency risk management of cross border debt ranging from climate and infrastructure finance to improving currency and interest rate risk awareness and management capacities at sovereign debt offices. He previously worked at the IMF and prior to that at the US House of Representatives in Washington and a London investment bank.

Harald is a passionate advocate for improved governance and protection standards for borrowers. Privately, he is engaged in biodiversity protection and the expansion of protected nature areas.


Paddy Carter
Development Fellow

Paddy Carter is a Development finance researcher specialising in aid allocation, effectiveness, domestic resource mobilisation, blended finance and private sector development policy. He is currently director of research and policy at CDC Group. He has a Ph.D. in economics from Bristol University, where he was also a British Academy post-doctoral fellow. Before joining CDC, he wrote about foreign aid and development finance for the Center for Global Development and for ODI. Before returning to university to study economics, Paddy was an equities analyst and a financial journalist.


Gavin Wilson
Development Fellow

Gavin Wilson experience covers principal investing, mergers, acquisitions, divestitures, privatizations, joint ventures, structured finance, corporate restructuring, and debt, equity and hybrid issuance. He has worked on assignments in more than 60 countries.
He has been the CEO of IFC Asset Management Company LLC (AMC) since its founding, in 2009. A wholly-owned subsidiary of IFC, AMC raises and manages third-party capital, investing in IFC transactions in developing countries. It currently manages $8.7 billion across 11 funds, including one fund of funds. Previously, he was a Managing Director in the Investment Banking Division at Goldman Sachs, which he joined in 1996. He co-headed Goldman’s EMEA Industrials Group and was previously head of the firm’s New Markets investment banking execution team, focused on the emerging markets of EMEA. Mr. Wilson began his career at McKinsey and Company in London. He joined the World Bank Group as a Young Professional in 1988, working in the Bank’s Africa Region and in IFC’s investment and advisory businesses, including a stint as IFC’s Resident Representative in Poland. He subsequently served as a Special Advisor at the Bank of England before joining Goldman Sachs. Mr. Wilson is British and holds a BA from the University of Oxford and an MBA from Stanford University, where he was an Arjay Miller Scholar.


Alix Zwane
Development Fellow

Alix Zwane has 20 years of experience advancing the agenda of evidence-based aid and international development as an investor, a social entrepreneur, and an innovator. She has worked at the intersection of the evidence and innovation agendas from a diverse set of posts. She is currently Chief Executive Officer of the Global Innovation Fund, a hybrid investment vehicle backed by leading aid agencies that makes debt, equity, and grant investments to accelerate evidence-based innovation that improves the lives of poor people. She was the first employee and Executive Director at Evidence Action, a non-profit that develops service delivery models to scale evidence-based programs. Under her leadership, Evidence Action catalyzed school-based deworming for hundreds of millions of children around the world, and safe drinking water for millions of people in four countries. She launched Evidence Action Beta, an incubator for innovations in development. She has also advocated for evidence-based philanthropy at the Bill & Melinda Gates Foundation and Google.org, where she set strategy and made investments to support new public service models that work for the poor and developed models for outcome-based grantmaking. She began her career in management consulting and was a member of the faculty of the Agricultural and Resource Economics Department at University of California, Berkeley. Alix has published in Science, Proceedings of the National Academy of Sciences, the Quarterly Journal of Economics, and elsewhere. She previously served on the board of directors of Innovations for Poverty Action, the International Initiative for Impact Evaluation, and Evidence Action. She holds a Ph.D. in Public Policy and is a World Economic Forum Young Global Leader. Born and raised in Colorado, she divides her time between Washington, D.C. and London.


Manfred Schepers
Development Fellow

Manfred Schepers has 30+ years’ experience in both development finance and international capital markets. He is the CEO of ILX. From 2006-2016 he was President and Chief Financial Officer at the EBRD and lead the Bank’s Institutional Investment Partnership in creating the Equity Participation Fund. He is also member of the Investment Committee of the European Fund for Strategic Investments (EFSI) and serves on the Board of Van Lanschot Kempen as Vice Chair, Nederlandse Waterschapsbank and FRV, the leading renewables company. From 2004 to 2006, he was Senior Managing Director and Head of the Association of Financial Markets in Europe and prior to that held various senior positions during a 18-year career at SBC Warburg and UBS where he was Global Head of Debt Capital Markets from 1990-2004.

Manfred holds a MSc in Industrial Relations and BSc in Development Economics from the London School of Economics and International Baccalaureate from UWC Atlantic College.


Kanini Mutooni
Development Fellow

Kanini Mutooni is the Managing Director of Europe, Middle East and Arica for Toniic, the global action network for impact investors. Prior to this appointment, Kanini was the Director for Investment at the USAID-funded East Africa Trade and Investment Hub, a $65m, 8 country initiative to attract investment and increase trade in the East Africa region. Kanini is a UK Chartered Accountant with a record of exceptional leadership gained in East Africa, Europe and the United States. She is currently Board Chair of The Global Innovation Fund, a $250m investment vehicle supported by the UK, US, Canadian, Australian and Swedish Governments. The fund focusses on investing a range of capital for innovations in emerging markets that impact those living on $5 a day and below with a focus on Food and Agriculture, Healthcare, clean energy and Fintech. Kanini has worked at Board level in leadership positions at investment banks in London and US, such as Bank of America-Merrill Lynch and Dresdner Kleinwort Benson. In 2011 she was recognized as one of the most influential women in 2014, she was recognized by the World Economic Forum as a Young Global Leader for her exceptional leadership in business, the health sector and global entrepreneurship. She continues to provide strategic investment advice and decision-making for a number of Africa focused impact funds such as the $100m African Agriculture SME Fund and the $30m AHL Venture Fund.


Ben Powell
Development Fellow

Ben Powell is the treasurer of the International Fund for Agricultural Development. IFAD is a specialised agency of the United Nations whose mission is to end hunger and poverty by providing financial and technical assistance on agriculture and development projects in poor rural areas of developing UN member states. Formerly Head of Nordic bank SEB’s Climate & Sustainable Finance business in Norway. Powell was previously head of Funding for the International Finance Corporate, the private sector arm of the World Bank, which involved working on bond offerings. He managed the IFC’s Green and Social Bond issuance programmes, and worked on launching the IFC’s first Indian rupee green bond programme worth some $1bn. Before that he was deputy head of Funding for Kommunalbanken in Norway.


Philippe Valahu
Development Fellow

Philippe Valahu has 28 years of international experience in emerging markets infrastructure project and export finance and risk management. He has extensive infrastructure experience in Africa, south and south-east Asia, Latin America, the Middle East and central Europe. His infrastructure experience in Africa covers power generation and transmission, renewables, water and social infrastructure. Currently he is the Chief Executive Officer of PIDG. He is a member of the PIDG Ltd. Credit, Investment and HSES Committees. He is also Chair of the Board of InfraCo Africa. Prior to joining PIDG, Philippe helped set up an infrastructure finance advisory firm and was responsible for workouts and restructuring in Depfa Bank’s emerging markets fixed income team and structured export finance within its infrastructure finance unit. Before joining Depfa, he spent 13 years at the Multilateral Investment Guarantee Agency (World Bank Group) in Washington and Singapore, where he headed the guarantees department and was global head of infrastructure. He attended Harvard University’s Business School Executive Program and holds an MBA in International Business and a Bachelor’s degree from George Washington University.


Nanno Kleiterp
Development Fellow

Nanno Kleiterp is a Senior Fellow at the World Resources Institute, advising in the areas of finance, business and the private sector related to Food and Loss and Waste and Landscape Restoration and Protection.

Nanno is currently Chairman of the AndGreen Fund. This Fund invests in commercial projects in agriculture production value chains in order to protect and restore tropical forests. He is also Chairman of  Van Leer Foundation that  focusses on Early Childhood Development and promotes dialogue and democracy in Israel and the Board of the European Development Finance Institutions, an association of 15 European Development Banks with a total investment portfolio of USD 50 billion. He is on the board of Banco Súdameris, Asunción, Paraguay,a leader in the creation of the roundtable for the sustainable finance in Paraguay and Arise, a leading African investment company backed by Norfund, Rabobank, and FMO with USD 1 billion under its management. Nanno is former Chief Executive Officer of FMO, the Dutch Development Finance Company. He holds a Master’s degree in Sociological Economics from the University of Groningen in the Netherlands.

He is the author of a book entitled, “Banking for a Better World,” published by Amsterdam University Press.


Barry Herman
Development Fellow

Barry Herman teaches at The New School in New York City. Mr. Herman has recently co-produced and co-edited two books on developing country sovereign debt issues: Overcoming Developing Country Debt Crisis, with José Antonio Ocampo and Shari Spiegel (Oxford University Press, 2010), and Dealing Fairly with Developing country Debt, with Christian Barry and Lydia Tomitova (Blackwell, 2007). Mr. Herman has consulted on international financial issues for the UN, the Commonwealth Secretariat, the German Development Ministry and the World Council of Churches (in technical backstopping for the 2012 São Paulo Statement: International Financial Transformation for the Economy of Life”).

Previously, he worked for almost 30 years in the United Nations Secretariat, leading a team undertaking research and supporting negotiations on international economic and financial issues, including in the summit on Financing for Development in Monterrey, Mexico (2002). He is a founding member of the advisory board of Social Justice in Global Development, an international NGO. From 2006 to 2011, he was a founding member of the board of directors of Global Integrity.
Mr. Herman holds a Ph.D. in economics from the University of Michigan, an MBA from the University of Chicago, and an A.B. from Columbia University.


Dr Samir Saran
Development Fellow

Dr Samir Saran is the President of Observer Research Foundation, one of Asia’s most influential think tanks. He writes frequently on India’s foreign policy, and issues of global governance, climate change, energy policy, global development architecture, artificial intelligence, cyber security and internet governance. Samir is the author of four books, numerous academic papers, and is featured regularly in Indian and international print and broadcast media. Samir curates the Raisina Dialogue, India’s flagship platform on geopolitics and geo-economics, and chairs CyFy, India’s annual conference on technology, security and society. He is a Commissioner of The Global Commission on the Stability of Cyberspace, member of the World Economic Forum’s South Asia advisory board and Global Future Council on Cybersecurity. Samir is also the Director of the Centre for Peace and Security at the Sardar Patel Police University, Jodhpur, India. He completed his doctoral studies at the Global Sustainability Institute, UK. He holds a Masters in media studies from the London School of Economics and Political Science, UK, and a Bachelors in Electrical and Electronics Engineering from Manipal Institute of Technology, India.


Pierre Van Hoeylandt
Development Fellow

Pierre Van Hoeylandt is the founder and CEO of Natural Heritage Capital Ltd. and non executive director at EDFI management company. Formerly director, Funds and capital partnerships at CDC Group plc. Before joining CDC, Pierre was the Chief Executive of a logistics business in Nigeria and had been the founder and Managing Director of Acap Partners, a private equity fund management and advisory business focusing on frontier markets. In that role Pierre was also the Fund Manager of the Afghanistan Renewal Fund, the country’s first venture capital fund. His earlier career saw him at McKinsey & Company in London, as well as working in Somalia, Rwanda and Bosnia during the civil wars in the mid-1990s. Pierre has a M.Phil and D.Phil from Oxford University, where he was a Rhodes Scholar.


Dr Duncan Green
Development Fellow

Dr Duncan Green is Head of Research at Oxfam GB and a Visiting Fellow at the Institute for Development Studies. He is author of From Poverty to Power: How Active Citizens and Effective States can Change the World(Oxfam International, June 2008). His daily development blog can be found at http://www.oxfamblogs.org/fp2p/. He was previously a Visiting Fellow at Notre Dame University, a Senior Policy Adviser on Trade and Development at the Department for International Development (DFID), a Policy Analyst on trade and globalization at CAFOD, the Catholic aid agency for England and Wales and Head of Research and Engagement at the Just Pensions project on socially responsible investment. He is the author of several books on Latin America including Silent Revolution: The Rise and Crisis of Market Economics in Latin AmericaSilent Revolution: The Rise and Crisis of Market Economics in Latin America (2003, 2nd edition), Faces of Latin America(2006, 3rd edition) and Hidden Lives: Voices of Children in Latin America and the Caribbean (1998).


Jürgen Rigterink
Development Fellow

Jürgen Rigterink is currently the EBRD’s Acting President since July 2020. Before he came to the EBRD in 2018, Mr Rigterink was the Chief Executive Officer and Chairman of the Management Board of FMO, the Dutch Development Bank. Before his time at FMO, he worked in the private sector at ABN AMRO where he ran the company’s activities in Kazakhstan and held a number of senior positions including Sector Head of Central and Eastern Europe, Middle East and Africa.


Gail Hurley
Development Fellow

Gail Hurley is an independent development and sustainable finance professional with extensive experience in research, data analysis, advocacy and country-level support. She has worked on complex financial products such as social impact bonds and on sustainability reporting frameworks. She has led UNDP’s substantive contributions to the UN’s 3rd international conference on financing for development. She is the author of numerous reports, policy papers and articles on various aspects of development and sustainable finance, including innovative sources of finance, debt, development aid and tax. Most recently, Hurley has worked on blue economy financing. She is a regular contributor to multiple development, business and research media outlets, including the University of Sheffield Political Economy Research Institute blog, UNDP’s ‘Our Perspectives’, Guardian Global Development, Devex, etc. She is a member of the Board of Directors of the Center for Economic and Policy Research (CEPR) and Jubilee Scotland. She has played several leadership roles and is an experienced fundraiser with an excellent network. She speaks Spanish and French to a high standard.


Jonathan Glennie
Development Fellow

Mr. Jonathan Glennie is the Director of the Ipsos Sustainable Development Center. He is also a writer and researcher on international development and cooperation. He is a visiting fellow at the International Development Institute at King’s College London, and has worked at the Overseas Development Institute, Save the Children UK and Christian Aid. Mr. Glennie has had a varied career to date, from building advocacy campaigns in the UK and globally (including Make Poverty History) whilst working for NGOs such as Plan UK and Save the Children, running an NGO programme in Colombia for Christian Aid, managing large, cross-country research projects and advising on high-level strategy and policy on the future of aid whilst working for the Overseas Development Institute and as the Director of Policy & Research at Save the Children UK. Mr. Glennie is also a regular columnist for The Guardian‘s Global Development website and is the coauthor of the book ‘Spending Beyond Our Borders.


Stephanie Griffiths Jones
Development Fellow

Stephanie Griffiths Jones is an economist specialising in international finance and development, with emphasis on reform of the international financial system, specifically in relation to financial regulation, global governance and international capital flows. She is currently an IDS Emiritis Fellow, and financial markets director at the Initiative for Policy Dialogue in New York. She has held the position of deputy director of International Finance at the Commonwealth Secretariat and has worked at the United Nations Department of Economic and Social Affairs and in the United Nations Economic Commission for Latin America and the Caribbean. She has published over 20 books and written many scholarly and journalistic articles.


Hans Peter Lankes
Development Fellow

Hans Peter Lankes is IFC’s Vice President of Economics and Private Sector Development. A German national, Mr. Lankes previously served in a number of roles at the European Bank for Reconstruction and Development (EBRD), including leading EBRD’s expansion into the Southern and Eastern Mediterranean region. Prior to joining the EBRD in 2007, he worked at the International Monetary Fund in Washington, D.C. His earlier career includes positions at the Central American Business School, the Nicaraguan Ministry of Economy, and the German-Thai Chamber of Commerce. Mr. Lankes holds a Ph.D. in Public Policy and a Master of Public Administration from Harvard University, as well as economics degrees from Albert Ludwigs Universität Freiburg and Université de Grenoble.


Stefano Manservisi
Development Fellow

Stefano Manservisi served in the European Commission as Director-General for International Cooperation and Development (DEVCO) and prior to that as Head of the Private Office of Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy and Commission Vice-President. In 2014, he was the Head of the Delegation of the European Union to Turkey. Before that, he held different positions at the Commission, including as Director-General for Migration and Home Affairs, and Director-General for Development and Relations with African, Caribbean, and Pacific States. He has also headed the Private Offices of the Commission’s President Romano Prodi and Commissioner Mario Monti and served in the Private Offices of the Commission’s Vice President Filippo Pandolfi, and of Commissioner Raniero Vanni d’Archirafi. A lawyer by training, he enjoys teaching and has been a visiting professor at various universities and research centers.


Erick Berglof
Development Fellow

Professor Erik Berglof is the Chief Economist of the AIIB. Before this he was the inaugural Director of the Institute of Global Affairs (IGA) since February 2015. He also served two terms as Chief Economist and Special Adviser to the President of the European Bank for Reconstruction and Development (EBRD). Prior to joining the EBRD in 2006, Erik Berglof held the position of Director of the Stockholm Institute of Transition Economics (SITE) and Professor at the Stockholm School of Economics and a Research Fellow at the Brookings Institution in Washington, D.C. He has also been Assistant Professor at the Université Libre de Bruxelles and held visiting positions at Harvard, Stanford and the Massachusetts Institute of Technology (MIT). In 2017-2018 he served on the Secretariat of the G20 Eminent Persons Group on Global Financial Governance and on the Governing Board of the Institute for New Economic Thinking in New York. Currently, Berglof is a member of the EU High-Level Group of Wise Persons on the European development finance architecture, Treasurer of the International Economic Association, Board Member and Research Fellow of the European Corporate Governance Institute in Brussels, and Executive Board Member of the New Economic School in Moscow. He is a Research Fellow and former Programme Director at the Centre for Economic Policy Research in London. He was the founder and President of the Centre for Economic and Financial Research (CEFIR), now part of the New Economic School in Moscow. In 2013 he was awarded the Leontief Medal for his contributions to economic reforms.


Idsert Boersma
Development Fellow

Idsert Boersma is a financial professional with private & public sector experience. He enjoys building relations with clients and is excellent in building and motivating teams. Currently he is the Director of Partnerships for Impact (P4i) at FMO. P4i builds partnerships to mobilize finance and knowledge to accelerate impact. The department consist of the asset management activities with both the public mandates (e.g. Dutch government, European Commission, GCF) as well as the ‘commercial’ mandates e.g. debt funds and syndications. Furthermore, Idsert is also a member of the Executive Committee of FMO. Before heading P4i, he held several senior management positions in FMO, Director Legal Affairs; and Manager Private Equity. Prior, Idsert worked at the World Bank and at the Dutch Ministry of Finance. He started his career at Exxon (Esso). Idsert holds a Master of Science in Business Administration and a Master of Laws from Erasmus University Rotterdam. His passion is investing in emerging markets to empower people to create a better life.