31 March 2017
GENEVA – The Global Fund to Fight Aids, Tuberculosis and Malaria today announced that Sylvie Billion, Deputy CFO and Treasurer, will become Interim Chief Financial Officer.
Billion, who has more than 25 years of experience in finance, has been at the Global Fund since 2012, after extensive work overseeing large teams in planning for financial forecasting and effective treasury management.
She steps in for Daniel Camus, who is retiring from his role as Chief Financial Officer in April 2017.
“Sylvie will provide continued leadership and oversight for our financial operations,” said Mark Dybul, Executive Director of the Global Fund. “Her experience in establishing core financial functions gives us an excellent basis to continue the implementation the new Global Fund strategy and provide stability to the Finance functions.”
Billion led the establishment of an effective treasury function at the Global Fund, and drove the development of an integrated financial framework to support implementation of an allocation-based funding model. She shepherded a Comprehensive Funding Policy – built on a modern system of asset and liability management, cash management and liquidity-risk management – through extensive consultations and Board approval.
Recognizing that financial management is a critically important factor in maximizing the value of Global Fund investments, Billion led work in mitigating fiduciary risks, increasing quality and timeliness of financial reporting and enhancing the absorption of funds by grant implementers.
She also oversaw the implementation of a dynamic hedging strategy to safeguard resources during times of volatile currency rates.
Prior to her work at the Global Fund, Billion served as Chief Financial Officer of Electricité Réseau Distribution France, where she was a member of the Executive Committee, supervising 130 staff responsible for accounting, controlling, treasury and energy market functions.