Jennifer Johnson-Calari

Independent Non-Executive Director

Jennifer brings over 37 years of financial services experience. She is one of the principal architects and a former Director of The World Bank’s Reserves Advisory and Management Program (RAMP).

Having started her career at the Federal Reserve Board, Jennifer then moved to the US Comptroller of the Currency (OCC), where she specialised in market risk management and participated in the Basel Committee of Bank Supervision. In 1990, she became Portfolio Manager at the International Bank for Reconstruction & Development, the first of five member institutions that make up The World Bank Group.

She later became Director of Sovereign Investment Partnerships at The World Bank, during which time RAMP became the world’s leading provider of consulting and capacity-building services to public sector asset managers. During her tenure, Jennifer worked with over 50 official sector asset managers in emerging economies – including central banks, sovereign wealth funds and national pension funds – to strengthen governance and build investment management capacity.

Drawing on her extensive experience Jennifer has co-authored and contributed to several books, journals and whitepapers relating to commodity fund revenue, central bank reserves management and policy issues. Most recently, she wrote a chapter addressing governance which features in the book, Asset Management at Central Banks and Monetary Authorities, published by Springer. In collaboration with Blackrock and Central Banking Studies, Jennifer was editor and contributing author of Sovereign Wealth Management, on the evolution and best practice in sovereign wealth management.