FSVC builds strong financial systems that enable developing and emerging market countries to realize economic opportunities and their citizens to achieve a better quality of life. FSVC is a not-for-profit, private-public partnership that carries out its mission by recruiting leading financial, legal and regulatory experts. These volunteers provide state-of-the-art technical assistance to our in-country partners and build personal bridges across international borders. FSVC's targeted, results driven missions help develop central bank capabilities, strengthen commercial banking systems and build capital markets.
When financial systems are safe and secure, transparent and free of corruption, well-regulated and able to manage risk, businesses can grow and create jobs and citizens can reach their economic potential. Since FSVC's inception, approximately 8,000 volunteers have carried out more than 1,400 missions, reaching almost 30,000 participants in nearly 50 countries.
FSVC was founded in 1990 by the late Cyrus Vance, former U.S. Secretary of State and John Whitehead, former Co-Chairman of Goldman Sachs and former U.S. Deputy Secretary of State, at U.S. Presidential request. FSVC's Board is currently chaired by Mr. Whitehead. Henrietta Holsman Fore, USAID's current Administrator and Director of Foreign Assistance was part of FSVC's founding group. Paul Volcker, former Chairman of the Board of Governors of the U.S. Federal Reserve System, serves as Honorary Chairman of the Board. John Walker, a partner at Simpson, Thacher & Bartlett and a leading international lawyer, serves as the Vice Chairman of the Board. FSVC's President and CEO is Andrew Spindler.