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Introduction Introduction

GCF has a fully independent Secretariat which is responsible for executing the day-to-day operations of the Fund. It services and is accountable to the Board. 

Today, GCF has around 110 staff members at its headquarters, in addition there are a number of consultants who support the staff. Some limited support is being provided offsite, in other countries. With close to a 50/50 balance between men and women, 30+ nationalities, and many more languages spoken, the Fund is an institution that speaks and acts for all people on the planet.

GCF is headquartered in Songdo, Republic of Korea.

Executive Director Executive Director

Executive Director

The Secretariat is headed by the Executive Director, who is appointed by and accountable to the Board. 
Executive Director

Howard Bamsey is the Executive Director of the Green Climate Fund. He was appointed by the GCF Board at its 14th meeting and took office on 10 January 2017. He is the second Executive Director of the Fund.

Ambassador Bamsey has spent most of his career in international diplomacy and public service. He is a widely recognized negotiator in the global response to climate change who co-chaired the United Nations ‘Dialogue on Long-term Cooperative Action on Climate Change by Enhancing Implementation of the Convention’.

Mr. Bamsey’s role in this body helped shape a strategic approach to advance the UN Framework Convention on Climate Change (UNFCCC), including on adaptation and the use of technology and market mechanisms.

As a representative of the government of Australia, he served in main United Nations centres, including New York, Geneva and Vienna. During his 30 years in the Australian Foreign Service he also served as Special Adviser on Sustainable Development to the Australian Department of Foreign Affairs and Trade, and as Special Adviser on Green Growth to AusAID. Earlier in his career, he was Australia’s Special Envoy on Climate Change, a function held at Ambassadorial level, as well as a Deputy Secretary in the Australian Public Service and CEO of the Australian Greenhouse Office.

Before joining the Green Climate Fund, Howard Bamsey was Honorary Professor in the School of Regulation and Global Governance at the Australian National University. Concurrently, he was Special Adviser to Baker and McKenzie and Special Representative for GNIplus, a consortium helping countries implement their Nationally Determined Contributions (NDCs) to climate action.

Between 2013 and 2014, Mr. Bamsey was Director General of the Global Green Growth Institute (GGGI) which, like the Green Climate Fund, is based in the Republic of Korea.

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Senior Management Senior Management

Senior Management

The Secretariat’s senior management team lead the various divisions of the Secretariat, providing the management capabilities to execute the day-to-day operations of the Fund. 

Ayaan is the Director of the Private Sector Facility. She brings to GCF over 20 years of investment and portfolio management experience with private sector financial institutions, private equity and venture capital across emerging and frontier markets. Since 2014, Ayaan has been serving as an independent senior advisor to a number of leading sustainable investment institutions, including Oikocredit International. In addition to serving as Managing Director of Africa Funds at UK-based CDC Group Plc, she spent 17 years at the International Finance Corporation. Ayaan holds an M.Sc. in Finance and Management from the MIT Sloan School of Management (1994), and Bachelor degrees in mathematics and economics from Clark University (1990).


Dr German Velasquez (Jerry) is the Director of GCF’s Mitigation and Adaptation Division. He has worked for various United Nations departments on environmental conventions and governance, as well as on disaster vulnerability and risk, since 1994. With the UN Office for Disaster Reduction (UNISDR) he supported the development of the Sendai Framework for Disaster Risk Reduction. Jerry previously led the largest association of cities promoting resilience – the UN Making Cities Resilient Campaign – with more than 3,600 members globally. With UN Environment (UNEP) and the Global Environment Facility (GEF) he helped countries to implement multilateral agreements, in particular the Rio Conventions. Jerry received a Master and Doctor of Engineering degree on Hydrology and Water Resources from Nagoya University (Japan).


Clifford Polycarp is acting head of GCF’s Country Programming Division. He brings over 15 years of experience on climate and development finance with various public, private and non-profit institutions. Before joining the Fund, he was Deputy Director of the World Resources Institute’s Finance Center in Washington, DC. Previously, in India, he managed climate and energy funding programmes of the UK Government, and also held business development roles with various private sector financial institutions. Clifford holds a Master’s degree in Law and Diplomacy from the Fletcher School, Tufts University (USA), and a Bachelor’s degree in Economics and Business from St. Xavier’s College, Mumbai University (India). 


Javier Manzanares is the Chief Financial Officer and Director of Support Services at GCF. He previously served as Director and Representative of the UN Office for Project Services of the MERCOSUR region, based in Argentina. He was formerly Division Manager of Investment and Development Banking at the Central American Bank for Economic Integration. Javier also worked as an Executive VP for two privately held banks of Grupo Fierro. His career in banking and finance began with Banco Santander/BSCH in California. Javier holds a dual MBA from Northwestern University/Kellogg (USA), and an EMBA from Hong Kong University of Sciences & Technology (China).

Secretary to
the Board

Carolina Fuentes is the Secretary to the Board at GCF. She was formerly Deputy Director General for International Cooperation at the Ministry of Environment and Natural Resources in Mexico, where she was in charge of climate change, international cooperation, and engagement with economic and environmental organizations such as the OECD and CEC. She previously worked as Director for Climate Change in the same ministry where she represented Mexico in international climate change negotiations. Carolina holds a Master degree in Nature, Society, and Environmental Policy from the University of Oxford (UK).

Counsel a.i.

Raul R. Herrera is GCF’s interim General Counsel. An international expert in corporate and financial transactions, Mr. Herrera serves as the Fund’s chief legal adviser, providing internal direction on international law and representing GCF in key global fora. A partner at the international law firm Arnold & Porter Kaye Scholer, he has a wealth of global legal practice spanning over 25 years across Latin America and the Caribbean, as well as in Africa, Asia and the Middle East. Raul has represented a wide variety of clients, including private, public, bilateral and multilateral entities. He has previously served as General Counsel of the Inter-American Investment Corporation, and has represented other development banks. Born in Panama, Raul holds a B.A. in International Affairs from the George Washington University's Elliott School of International Affairs, and a Juris Doctorate from the GWU's Law School.

Headquarters Headquarters


Songdo, Republic of Korea

The Green Climate Fund is headquartered in Songdo, Incheon City, Republic of Korea, where it opened its doors in December 2013. The GCF Board selected Songdo as the host city following an open bid process that saw six countries submit host country proposals. The Headquarters Agreement between the Republic of Korea and GCF was signed in June 2013 and entered into force in August 2013.

Songdo is a planned city, built on reclaimed land and part of the Incheon Free Economic Zone. It is located some 65 km southwest of Seoul and lies within close proximity to Incheon International Airport (ICN). The offices of GCF are located in G-Tower, an eco-friendly building that is also home to several United Nations agencies.

GCF is proud to be located within the Incheon Free Economic Zone, a twenty-first century business city which has been built from scratch since 2003, and is developing into an innovative and high-tech business hub for Northeast Asia. The city hosts over 75 multinational companies and twelve international organisations including the World Bank and the Green Climate Fund. It provides a gateway to Seoul, with its population of 23 million, and has close proximity to major cities in China including Beijing and Shanghai, serviced by Incheon International Airport.

You can read more about the Incheon Free Economic Zone here.

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