IMG_1499.jpgIan Storkey has 40 years experience in the finance markets and public sector debt management. Prior to setting up his own company, Ian worked as a consultant for 4 years and at the New Zealand Treasury for over 24 years including 8 years with the Debt Management Office in Wellington and London. Over the past 25 years, Ian has been actively involved as an adviser and project manager to Governments to enable them to build their capacity and systems in public debt management. Ian has undertaken assignments in the areas of treasury, public debt, cash and risk management in Australia, Azerbaijan, Barbados, Belarus, Bolivia, Brazil, Burundi, Cambodia, Canada, Cayman Islands, China (PR), Colombia, Ethiopia, Fiji, Georgia, Ghana, Guyana, Hungary, India, Indonesia, Jamaica, Japan, Kazakhstan, Kenya, Kosovo, Lao (PDR), Lithuania, Malawi, Malaysia, Mauritius, Mexico, Mongolia, Myanmar, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Nigeria, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Russia, Rwanda, Samoa, Solomon Islands, South Africa, Thailand, The Gambia, Timor-Leste, Tonga, Turkey, United Arab Emirates, United Kingdom, Uzbekistan, Vanuatu, Vietnam and Zimbabwe, and works as a consultant for the Asian Development Bank, AusAID, Commonwealth Secretariat, DCI, DFID, EU, IMF, MEFMI, NZAID, SECO, UNCTAD, UNDP, USAID and the World Bank.

Ian worked with the World Bank to develop the Debt Management Performance Assessment (DeMPA) tool that has been applied in over 80 country assessments for central and subnational governments. DeMPA evaluates strengths and weaknesses in public debt management, through a comprehensive set of 14 performance indicators covering six core areas of public debt management: (1) governance and strategy development; (2) coordination with macroeconomic policies; (3) borrowing and related financing activities; (4) cash flow forecasting and cash balance management; (5) operational risk management; and (6) debt records and reporting.

Ian also developed the methodology used by the IMF for operational risk management including business continuity and disaster recovery planning (BCP/DRP) in government treasury and debt management operations. He worked with an IMF team to update the BCP/DRP methodology in 2021.


2001-present: Ian is the Director of Storkey & Co and specialises in independent specialist advice on government debt and cash management to central and state/regional/local governments, and government enterprises. Storkey & Co was formed in Wellington in January 2001 as a management consulting practice to focus on sovereign debt management. Ian has become one of the world's leading experts on sovereign debt management policies, procedures and systems for both developed and less developed economies.

1996/2000: Ian was General Manager of INFACT Consulting in Australia and New Zealand and a member of the management team for INFACT Consulting across Asia/Pacific. INFACT Consulting is an independent management and technology consulting group providing advice and guidance, project assurance and implementation project management to the government, banking, investment, broking, corporate and finance markets world-wide. Ian was involved in a wide range of consulting projects as a project director or project manager.

1993/1996: Ian was Manager of the Information Services group of the New Zealand Debt Management Office (NZDMO), a Branch of the NZ Treasury responsible for managing the Crown's debt, overall net cash flows, and some interest-bearing assets within an appropriate risk management framework. The Information Services group was responsible for accounting and forecasting for public debt transactions, marketing and promotion of New Zealand Government securities, the development and maintenance of NZDMO's information systems, and the budget and office administration functions of NZDMO. Ian was also the Project Manager for the Information Strategy Project that was seeking to improve the technology infrastructure and risk management systems that support the core activities of NZDMO's debt management operations. The project involved the evaluation and selection of an integrated front, middle and back office risk management system to meet the decision support needs of NZDMO and to replace the existing Management Information System. At the time of his departure, Ian was project managing the implementation of the system.

1989/1993: Ian was manager of NZDMO's London office which had responsibility for managing NZ's US domestic and Euro commercial paper programmes; managing NZDMO's relationships with banks, investors, rating agencies, and other issuers in the US, UK, and Europe; assisting with the management of the Government's asset and liability portfolio; and managing the execution of transactions, including foreign exchange, swaps, bond issues and MTNs, where direct overseas involvement was required. Ian was also responsible for arranging and managing visits and presentations to the international financial community by the Minister of Finance. Ian also represented NZDMO at international conferences, the Government Borrowers Forum, and OECD meetings and workshops which covered a range of portfolio management issues and advised other governments on sovereign debt management issues and operations.

1988/1989: Ian was Manager of the NZDMO Research Team and associated consultants which had the following activities: to manage NZDMO's strategic risk, to support the portfolio management team with economic analysis and in the execution of transactions, to coordinate the external relations of NZDMO, to undertake development projects particularly with regard to NZDMO's computer systems and the further development of NZDMO as a business unit within the Treasury. Throughout this period, Ian was responsible for the introduction of computer systems, including a fully developed in-house management information system and a sophisticated portfolio optimisation model that was used to analyse risks in the portfolio and to determine the strategic composition of the portfolio.

1987/1988: Ian worked closely with the Treasurer to restructure the debt management operation and set up the Reserves and Debt Management Division as NZDMO. During this period, Ian also undertook a project to analyse and determine the basis under which NZDMO would introduce a portfolio optimisation framework and to select an international bank to assist with the implementation of the framework.

1986/1987: Prior to the establishment of the NZDMO, Ian was responsible for the analysis and development of new systems for enhancing the process of debt management which resulted in the development of a framework for the use of swaps and the setting up of CP programme, ECP programme, a multiple option facility, and a Medium Term Note programme. Ian was also responsible for managing the project for computerising the manual debt ledger.

Qualifications and Professional Membership

  • Certified Member of the Institute of Finance Professionals New Zealand Inc (INFINZ (Cert)), 2018 - present
  • Member of the Institute of Managers and Leaders, Australia and New Zealand (IML ANZ), 2018 - present
  • Member of the Institute of Finance Professionals New Zealand Inc (INFINZ), 2002-2018
  • Member of the Institute of Management New Zealand (IMNZ), 2013-2018
  • Member of the New Zealand Society of Corporate Treasurers, 1996-2002
  • Advanced Management Programme Postgraduate Seminar, NZ Institute of Management, Christchurch, 1995
  • Advanced Management Programme, NZ Institute of Management, Christchurch, 1994
  • Managing Effective Relationships, PCM Training, Wellington, 1988
  • BCA (Hons) (Economics and Econometrics), Victoria University of Wellington, 1983
  • BSC (Mathematics), Victoria University of Wellington, 1973


"Cash Management and Optimization" (2022), Coşkun Cangöz, Ian Storkey, Deuk-Jong Bae, and Johan Redelinghuys, 2021 PEMNA Treasury CoP In-Depth Research, PEMNA, Seoul

"Business Continuity Planning for Government Cash and Debt Management" (2021), Emre Balibek, Ian Storkey, and H. Hakan Yavuz, Fiscal Affairs Department Technical Notes and Manuals, TNM/2021/010, International Monetary Fund 

"Operational Risk Management and Business Continuity Planning for Modern State Treasuries" (2011), Ian Storkey, Fiscal Affairs Department Technical Notes and Manuals, TNM/11/05, International Monetary Fund (English and Spanish)

"Guidance for Operational Risk Management in Government Debt Management"(2010), Tomas Magnusson, Abha Prasad, and Ian Storkey, The World Bank

"Sound Practice" (2006), Government Debt Management: New Trends and Challenges, Mike Williams (ed), Central Banking Publications

"Sovereign Debt Management" (2005), Public Debt Management: Concepts and Experiences, V R P Kashyap (ed), ICFAI University Press

"Government Cash and Treasury Management Reform" (2003), The Governance Brief Issue 7-2003, Asian Development Bank

"Treasury Systems - Availability for New Zealand Corporates" (2001), The Treasury Note, Issue June 2001, New Zealand Society of Corporate Treasurers

"Sovereign Debt Management: A Risk Management Focus" (2001), The Finance and Treasury Professional, Issue May 2001, Finance and Treasury Association of Australia


ADB, 2019 Asian Regional Public Debt Management Forum, Baku, Azerbaijan, May 2019 - Presentation on "Asset and Liability Management"

ADB, 2018 Asian Regional Public Debt Management Forum, Koh Samui, Thailand, June 2018 - Presentations on "Management of Portfolio of Financial Assets", and "Challenges to Avoid Financial Technology Disruption"

ADB, 2017 Asian Regional Public Debt Management Forum, Siem Reap, Cambodia, April 2017 - Presentations on "The Fiscal Risk of Contingent Liabilities", "New Trends and Developments in ICT", "Governance Arrangements for Public Debt Management "

ADB, 2016 Asian Regional Public Debt Management Forum, Istanbul, Turkey, May 2016 - Presentations on "Audit of Public Debt", "Managing the Risk of Commodity Price Fluctuations", and "Debt Management Office Business Continuity Plan"

Debt Management Facility (DMF) Stakeholders' Forum 2015, Manila, Philippines, June 2015 - Presentation on "Coping with Commodity Price Fluctuations: Impact on Fiscal and Debt Management"

ADB Fourth Asian Regional Public Debt Management Forum, Tbilisi, Georgia, April 2014 - Presentations on "Operational Risk for Government Debt Management Operations", "Recording and Monitoring Contingent Liabilities", and "Debt Management Performance Assessment (DeMPA)"

IMF, SECO, Ministry of Economy and Finance Workshop, Lima, Peru, November 2013 - Presentation on "Business Continuity Planning for Entities in the Financial Sector"

IMF, Japan, Ministry of Economy and Finance Workshop for Countries of Latin America, Lima, Peru, April 2013 - Presentation on "Implementation of Business Continuity Plan in the Area of  Public Treasury"

Latin American Seminar on Treasury Management, Bogota, Colombia, August 2012 - Presentation on "Treasury Risk Matrix and Business Continuity"

APEC Workshop hosted by the Federal Treasury and the Ministry of Finance of the Russian Federation, Kazan, Russian Federation, March 2012 - Presentation on "Cash Management Practices in APEC Economies"

Latin American Seminar on Treasury Management, Mexico City, Mexico, March 2011 - Presentation on "Operational Risk Management and Business Continuity"

Central Banking Publications Government Debt Management: New Trends and Challenges Training Course, Cambridge, UK, September 2010 - Chairperson

Latin American Seminar on Treasury Management, Lima, Peru, April 2010 - Presentations on "Modern Practice of Cash Management" and "Cash Balance Targeting and Coordinating with Debt Management"

Central Banking Publications Government Debt Management: New Trends and Challenges Training Course, Cambridge, UK, September 2009 - Chairperson

Central Banking Publications Government Debt Management: New Trends and Challenges Training Course, Cambridge, UK, September 2008 - Chairperson

Central Banking Publications How to Deliver Efficient Public Debt Management Seminar, Cambridge, UK, September 2007 - Presentation on "Meeting the Markets Needs"

Central Banking Publications How to Deliver Efficient Public Debt Management Seminar, Cambridge, UK, September 2006 - Presentation on "Sound Practice in Debt Management"

Commonwealth Secretariat SADS Debt Management Section Seminar on Requirements for Domestic Debt Management Tools Module, Mumbai, July 2005 - Presentation on "Domestic Debt Analysis and Active Domestic Debt Management"

Finance and Treasury Association of Australia Second Public Sector Finance and Treasury Management Conference, Canberra, May 2003 - Presentation on "Global Trends in Sovereign Debt Management"

NZ Society of Corporate Treasurers members in Auckland and Wellington, April & June 2001 - Presentation on "Treasury Systems Available for New Zealand Corporate Treasuries"

Terrapin 4th Australasian Fixed Interest Forum, Sydney, December 2000 - Presentation on "Sovereign Debt Management"

IIR Operational Risk in Financial Institutions Conference, Wellington, December 1999 - Presentation on "Business Continuity Planning & Disaster Recovery"

Australian Financial Markets Association TechnoFuture '98 Conference, Sydney, October 1998 - Presentation on "Risk Management in Turbulent Economies"

World Bank Policy Workshop on Sovereign Debt Management and the Fixed-Income Market: A Survey of International Practices, Moscow, March 1998 - Presentation on "Debt Information and System Solutions"

RISK Training Courses, Development and Practical Implementation of Techniques and Strategies for Firmwide Risk Management, Hong Kong, October 1997 - Presentation on "Implementing the Optimal Firmwide Risk Management IT System"

RISK Training Courses, Practical and Strategic Implementation of Value-at-Risk for Integrated Risk Management, Sydney, July 1997 - Presentation on "Evaluating the Technology Requirements for Value-at-Risk and Stress Testing"

IES Corporate Treasury Best-Practice Conference '97, Sydney, April 1997 - Presentation on"Assessment and Experience in the use of Treasury Systems"

Australian Financial Markets Association TechnoFuture '96 Seminar, Sydney, December 1996 - Presentation on "Risk Management Systems: A Case Study"

NZ Society of Corporate Treasurers 3rd Annual Conference, Wairakei, NZ, August 1995 - Presentation on "Beyond Disaster Recovery"

OECD Workshop on Public Debt Management and Government Securities for Officials from the Newly Independent States and Baltic Countries, Paris, June 1993 - Presented paper on the "Institutional Arrangements of Government Debt Management in New Zealand"

OECD Workshop on Government Securities Markets and Debt Management in Central and Eastern European Economies, Budapest, June 1992 - Presented papers on the "Organisation of Domestic Debt Management in New Zealand" and the "Organisation and Operations of Secondary Markets for Government Securities and Related Clearing and Settlement Systems"


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