Investment Management Division
United Nations Joint Staff Pension Fund
Representative of the Secretary-General (RSG), Ms. Carolyn Boykin with Secretary-General, Mr. Ban Ki-moon
The RSG reports directly to the Secretary-General. The Secretary-General was entrusted with the fiduciary responsibility for investment of the assets of the UNJSPF, in accordance with Article 19 of the Regulations of the Fund. The Secretary-General has delegated his fiduciary responsibility for the UNJSPF to the RSG. The RSG is supported by the staff of the Investment Management Division, and she is advised by the Investments Committee. Additional resources include consultants and nondiscretionary advisors.
The majority of the Fund’s assets are internally managed by the staff of the Investment Management Division. Staff members include, but are not limited to, portfolio managers, analysts, traders, operations and IT support, risk managers and compliance officers. All UNJSPF staff are subject to the United Nations Staff Regulations and Rules.
The RSG adheres to the criteria for UNJSPF investments, which were set forth by the UN General Assembly, including Safety, Liquidity, Convertibility and Profitability. The assets are invested accordingly and are diversified by country, currency, security and sector.
The long-term objective of the UNJSPF is to generate a real return of 3.5% over time. Success in achieving this objective will enable the UNJSPF to pay the pension benefits accrued by current and future participants.
The RSG advocates high values and standards including acting in the best interest of participants and their beneficiaries.