Pact CEO to retire after three decades of international service

October 4, 2023

Pact, a leading international nonprofit, announced this week that president & CEO Caroline Anstey will retire effective March 2024.

“Caroline joined Pact as the Covid-19 pandemic was beginning in the U.S., taking leadership during unprecedented times,” says Mark Fitzgerald, outgoing Chair of the Pact Board and Principal in KPMG’s international development assistance services practice. “She not only successfully navigated the organization through a global pandemic, she also led a successful institutional turnaround with a new three-year strategy that has put the organization in a strong and secure financial position while increasing our technical and operational excellence and spurring Pact’s growth.”

Anstey has had a long and distinguished career, spanning nearly three decades. Prior to Pact, she was Senior Advisor to several prominent organizations, including the World Economic Forum and Inter-American Development Bank. She also served as Group Managing Director at UBS AG in Zurich and spent nearly two decades at the World Bank, most recently as Managing Director of the World Bank Group. From 2008-2013 she served as Sherpa to the Intergovernmental G-20 and G-7 Heads of Government meetings. In an earlier part of her career she worked as Senior Producer and program Editor with the BBC.

“Pact is an extraordinary global organization of committed and brilliant individuals whom I have been proud to lead for the last four years,” said Caroline Anstey. “As we approach the final year of our three-year strategy, this is the logical time to hand over the reins to someone who can now build on our institutional turnaround and lead the organization to even further success.  I want to thank the Board, my Management Team, Pact staff around the world – many of whom I have come to know and admire in person – and especially both my outgoing and incoming Board Chairs for all their support.” 

“Caroline has been a fierce champion of the things that drew me to Pact as a Board member – putting communities at the center of everything they do, championing local voices and building capacity in cross cutting areas around the globe, said Jeremy Ngunze, incoming Chair of the Pact Board and financial services industry veteran. “She leaves a strong legacy at Pact and one of the strongest management teams that the Board has had the pleasure to work with.”

Pact’s Board of Directors will be conducting an international and inclusive search for a new President & CEO to join the organization in March 2024.