Jennifer Johnson-Calari

Independent Non-Executive Director

Jennifer is one of the principal architects and a former Director of The World Bank’s Reserves Advisory and Management Program (RAMP). She brings over 37 years of financial services experience. Having started her career as a financial analyst for the Federal Reserve Board in international bank supervision, she 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 a portfolio manager at the International Bank for Reconstruction & Development, the first of five member institutions that make up The World Bank Group.

Jennifer 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, she 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.

Jennifer has contributed to several books and journals relating to commodity fund revenue and central bank reserves management. Drawing on her extensive experience in official reserve management, she recently co-authored a series of white papers on policy issues relating to central bank reserves management. She also contributed a chapter addressing governance to the book, Asset Management at Central Banks and Monetary Authorities, which is to be published in September 2020 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.