African Development Bank Group Appoints Ahmed Rashad Attout as Acting Director of the Financial Sector Development Department – African Business

The African Growth Financial institution (www.AfDB.org) has appointed Ahmed Rashad Attout as Performing Director, Monetary Sector Growth Division, efficient 1st December 2022.

A seasoned and results-oriented banker, Attout, an Egyptian citizen, has over 23 years of banking expertise in Africa and the Center East and is presently the Supervisor of the Capital Markets Growth Division. He has a particular deal with capital markets, sovereign and company finance.

As a key member of the Monetary Sector Growth group accountable for the institution of shopper going through capital market operations inside the Financial institution, Attout has been straight concerned within the supply and execution of key capital markets funded and unfunded operations of greater than $4.5 billion in over 35 African international locations.  He has led a number of sovereign and non- sovereign capital markets transactions and has been concerned within the origination and structuring of various liquidity and mortgage refinancing schemes to help the continent handle its housing challenges.

Attout led the operationalization of the Financial institution’s flagship Capital Markets Growth Belief Fund (CMDTF), which assists African international locations to develop their capital markets by means of grant funding. He additionally oversaw the implementation and launch of the Africa Trade Linkage Venture (AELP), which hyperlinks and integrates Africa’s inventory exchanges.

Mr. Attout joined the African Growth Financial institution Group in January 2010, as a Senior Monetary Analyst within the Infrastructure Complicated. He was appointed Senior Capital Markets Officer in November 2013 and Principal Monetary Market Officer in January 2017. Attout was later appointed Chief Capital Markets Officer, earlier than changing into Supervisor of the Capital Markets Growth Division in January 2021.

Previous to becoming a member of the Financial institution in 2010, Attout, who holds an MSc in Administration of Worldwide Growth from the College of Turin, Italy, labored for Société Normal Financial institution (2000-2004), the Arab Financial institution for Financial Growth in Africa (2004-2008), and Banque Audi in Egypt (2008- 2010).

Commenting on his appointment, Mr. Attout mentioned: “I wish to thank President Adesina for this appointment, and I’m deeply humbled and honoured for the arrogance that Dr. Adesina has positioned in me to serve on this important function. I sit up for working with the Monetary Sector group, and the Financial institution’s Senior management to ship the precise quantum, and the anticipated influence for the Financial institution and Africa”.

African Growth Financial institution Group president Dr. Akinwumi Adesina mentioned: “I’m delighted to nominate Mr. Ahmed Rashad Attout as Performing Director, Monetary Sector Growth Division. Ahmed is an skilled and acknowledged knowledgeable within the growth of the African Monetary Sector. He’ll proceed to supply management to the monetary sector group, and assist the Financial institution flagship operations, and transformative Agenda in Africa”.

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

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

In regards to the African Growth Financial institution Group:
The African Growth Financial institution Group is Africa’s premier growth finance establishment. It contains three distinct entities: the African Growth Financial institution (AfDB), the African Growth Fund (ADF) and the Nigeria Belief Fund (NTF). On the bottom in 41 African international locations with an exterior workplace in Japan, the Financial institution contributes to the financial growth and the social progress of its 54 regional member states. For extra info: www.AfDB.org