Chief Executive Officer
A Zambian economist and advisor, Ms Banda has more than 25 years of international banking and financial management experience with a focus on economic development in sub-Saharan Africa. – Most recently, Ms Banda was Regional Director for Africa at the UK’s Commonwealth Development Corporation (CDC) since 2013.
Ms Banda has also worked at the World Bank Group’s International Finance Corporation for 16 years within its financial markets, credit, accounting and treasury departments. As Director of Financial Markets, she managed the IFC’s financial markets activities across sub-Saharan Africa, Latin America and the Caribbean. – She has also held senior corporate and merchant banking positions at Barclays and Citibank in Zambia.
Having held many positions of trust, Ms. Banda currently sits as a non-executive director on a number of boards, including Ecobank Transnational Incorporated.
Dr Simon Young
Dr. Simon Young was appointed as the inaugural CEO of ARC Ltd in 2014. He manages the operations of ARC Ltd as well as the insurance underwriting and international risk transfer processes.
Over the past 15 years, Dr. Young has worked with numerous private and public sector organisations on disaster insurance and risk reduction projects in Latin America, the Caribbean and most recently in Asia-Pacific and Africa. He was a leading member of the consulting team which created the Caribbean Catastrophe Risk Insurance Facility (CCRIF), a natural disaster insurance pool for the Caribbean islands, and went on to manage the key service provider to CCRIF for 6 years. He also advised CCRIF on its expansion into Central America and on the structuring and placement of the CCRIF Cat Bond, the first to be placed through the World Bank Treasury, in 2014.
Simon is a volcanologist by training and, after completing his Ph.D., worked for the British Geological Survey, including a secondment as the first Director and Chief Scientist at the Montserrat Volcano Observatory.
Senior Legal Advisor
From 2005 until 2010, Tim served as General Counsel and Managing Director of Corporate Services for the GAVI Alliance, an international development institution that supports immunization projects in over 50 developing countries. He was responsible for managing legal affairs, the insurance portfolio and corporate services in a coordinated effort with international organizations including WHO, UNICEF, the World Bank, foundations, NGOs and government development agencies. Tim also coordinated project legal support for the US $4 billion International Finance Facility for Immunization and the US $3 billion Advance Market Commitment for Pneumococcal Vaccines.
Prior to his role at GAVI, he practiced with the Seattle law firm, Preston Gates & Ellis LLP, where he provided counsel to a broad range of clients, including the Bill and Melinda Gates Foundation, Microsoft Corporation, Amazon.com and T-Mobile.
Tim has worked on a variety of projects involving multinational stakeholders from the private and public sectors in Europe, Latin America, Asia and Africa. He currently serves as a Board Member and advisor for foundations and development institutions based in Switzerland, Uganda, Thailand and India. He is a qualified solicitor in England/Wales and licensed to practice law in the U.S. He also holds a PhD from the Graduate Institute of International and Development Studies, University in Geneva, Switzerland in International Studies/Law on the topic of Legal Frameworks for Global and Regional Development Public-Private Partnerships.