London, June 26, 2018 – The Board of the Global Innovation Fund (‘GIF’ or ‘Fund’), a leading international economic development charity headquartered in London, has accepted the resignation of Russ Siegelman as Chair after 4 years of service, with thanks and all good wishes.
Kanini Mutooni, director for investment at the East Africa Trade and Investment Hub, is a member of the board of directors of the Global Innovation Fund, and becomes Acting Chair until the appointment a full term successor by way of a competitive external board search process. She is a former career investment banker, having held leadership positions with Merrill Lynch Bank of America, Kleinwort Benson and KPMG. She has achieved significant industry recognition, including by the World Economic Forum. She is a chartered accountant and was educated at Cass Business School and the Harvard Kennedy School. She will continue to serve as Chair of the audit committee of GIF. The East Africa Trade and Investment Hub receives a range of NGO and governmental funding, including from USAID, a key partner of GIF.
The Global Innovation Fund is a $200 million London-based charity, supporting evidence-based innovations with strong potential for social impact. It supports innovators, scales up successes, and provides financing options. The fund was established in partnership with Omidyar Network in 2014 by governments of the United States, United Kingdom, Sweden, and Australia.
Ms Mutooni, Acting Chair, said: “Russ Siegelman has made significant contribution to our success and development, and he leaves us with the thanks of the whole GIF team and community internationally. We have exciting opportunities ahead to build on our achievements to date, which I look forward to taking forward with the support of the board, our executive and great colleagues, donors and investees.”