African Development Bank appoints Omar Sefiani Acting Director of the Treasury Department – African Business

The African Improvement Financial institution (www.AfDB.org) has appointed Omar Sefiani as Appearing Director of the Treasury Division, efficient 1st November 2022.

Sefiani is a Moroccan nationwide and finance skilled with over 17 years of expertise in worldwide capital markets. He at the moment manages the Treasury Investments & Buying and selling Division on the Financial institution. On this capability, Sefiani at the moment oversees the administration of the Treasury funding portfolios of the Financial institution Group (together with the African Improvement Financial institution, the African Improvement Fund, Belief Funds and Particular Funds), with over $27 billion of property beneath administration.

Sefiani joined the Financial institution in 2012 as Senior Funding Officer within the Investments & Buying and selling Division, managing the Financial institution and Fund’s Euros funding portfolios. He was appointed as Chief Funding Officer in 2015 and Division Supervisor in 2018. Throughout this era, he led a number of key initiatives together with the Financial institution Group’s readiness for the Renminbi inclusion within the Particular Drawing Rights basket and organising the Financial institution’s U.S Business Paper programme.  He additionally serves because the Vice Chairperson of the operational committee tasked with making ready the Financial institution Group for the transition away from Libor and because the Chair of the monetary projection’s working group.

In 2014, Mr. Sefiani acquired an award of Excellence from the Finance Vice President for reaching the very best rating in an Worldwide Capital Markets Affiliation (ICMA) examination.

Previous to becoming a member of the Financial institution, Sefiani served in a number of high tier monetary establishments. He labored at Citigroup London as an Curiosity Quantitative Analyst, constructing credit score and debit worth adjustment (CVA/DVA) fashions for rate of interest and inflation merchandise. He labored at Morgan Stanley London as a Hybrid Desk Strategist on advanced cross-asset transactions (Curiosity Charges, Commodities and Equities) and at Credit score Agricole as a Credit score Structurer devising structured credit score merchandise for Europe, Center East and Africa (EMEA) shoppers. He was accountable for executing a number of giant public transactions (of up USD 1 billion) and the primary brief credit score Enterprise for the Collective Funding in Transferable Securities (UCITS) fund.

Commenting on his appointment, Sefiani mentioned: “I’m grateful to President Adesina for his confidence and the chance to steer the Treasury Division and its proficient employees throughout this interim interval. Treasury will proceed to play a central function in shaping among the Financial institution’s key initiatives and I’m honored to be given the possibility to assist drive these. The Financial institution Group’s mandate and ambitions are essential and I sit up for contributing to them.”

President of the African Improvement Financial institution Group, Dr. Akinwumi A. Adesina mentioned: “I’m happy to nominate Mr. Omar Sefiani because the Appearing Director of the Treasury Division. Omar is a seasoned and revered skilled with intensive expertise and management abilities required to drive the financing technique for the African Improvement Financial institution Group. He may even guarantee stability and continuity of management of the Treasury workforce on the Financial institution, following the appointment of the previous Director of the Treasury Division, Ms. Hassatou N’sele as Vice President and Chief Monetary Officer of the Financial institution Group”.

Distributed by APO Group on behalf of African Improvement Financial institution Group (AfDB).

Contact:
Amba Mpoke-Bigg
Communication and Exterior Relations Division
E-mail: [email protected]

In regards to the African Improvement Financial institution Group:
The African Improvement Financial institution Group (AfDB) is Africa’s premier growth finance establishment. It includes three distinct entities: the African Improvement Financial institution (AfDB), the African Improvement Fund (ADF) and the Nigeria Belief Fund (NTF). On the bottom in 44 African international locations with an exterior workplace in Japan, the AfDB contributes to the financial growth and the social progress of its 54 regional member states.

For extra info: www.AfDB.org