AFRICA – The African Development Bank Group has appointed Hassatou Diop N’Sele, a Senegalese national, as the new Vice-President for Finance and Chief Financial Officer (CFO).

With over 30 years of banking and finance experience, N’Sele is an accomplished professional who joined the African Development Bank in 1999 as Senior Treasury Officer.

As treasurer, she has provided strategic leadership to enhance the bank’s fund raising, investments and hedging activities as well as led the successful global expansion of the African Development Bank’s capital markets activities.

“She successively held positions of Principal Treasury Officer, Chief Treasury Officer and Manager of the Capital Markets and Financial Operations Division, before being appointed Treasurer of the African Development Bank Group in 2015,” AfDB noted.

Prior to her recent appointment at Africa’s premier development finance institution, N’Sele also spearheaded the African Development Bank Group’s entry into the green bonds and social bonds markets.

“She leads a diverse team of highly seasoned professionals, managing over US$33 billion under the bank’s borrowing portfolio, overseeing the group’s investment of over US$25 billion liquidity in multicurrency portfolios, and supervising its hedging activities, banking relationships and back-office operations,” the Bank said.

In addition, she has led key strategic and technical financial initiatives geared towards optimizing the institution’s financial capacity and ultimately established the blueprint for its long-term financial sustainability.

“Among her key achievements in capital markets are award winning transactions and recognition, including the US$3 billion Fight Covid-19 bond launched in 2020. This made the African Development Bank the largest multilateral development bank issuer of social bonds to date,” the Group highlighted.

N’Sele also provided strategic support to discussions with member countries on general capital increases for the African Development Bank Group, replenishments of the African Development Fund, and the Multilateral Debt Relief Initiative.

Commenting on the appointment, the president of the African Development Bank Group, Dr. Akinwumi Adesina said: “Mrs. Hassatou Diop N’Sele is a seasoned finance professional with extensive experience and outstanding contributions at the African Development Bank.”

He further said that she will provide leadership for the top-rate finance team at the bank, in the formulation and implementation of its financial strategies and transformation agenda, and in support and furtherance of its development mandate.

Upon being notified of her appointment, N’Sele said: “It is an honor and a privilege to serve the African Development Bank Group’s powerful and formidable development mandate.”

She expressed her gratitude while noting that her new role is an opportunity to continue working with fellow dedicated and talented colleagues at the African Development Bank as they keep making a difference.

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