AfDB appoints new Finance VP and CFO

AfDB appoints Ms. Hassatou Diop N’Sele as Vice-President for Finance and Chief Financial Officer.

AfDB, African Development Bank, has announced the appointment of Ms. Hassatou Diop N’Sele as Vice-President for Finance and Chief Financial Officer, effective 16 October 2022. A Senegalese national, Ms. Hassatou Diop N’Sele is a seasoned professional with over 30 years’ banking and finance experience.

She joined the AfDB in 1999 as Senior Treasury Officer and successively held positions of Principal Treasury Officer, Chief Treasury Officer and Manager of the Capital Markets and Financial Operations Division, prior to her appointment as Treasurer of the Bank Group in 2015.

Fundraising, investment and hedging

In the latter role Ms. N’Sele has been providing strategic leadership to enhance the Bank’s fund raising, investments and hedging activities, and has led the successful expansion of AfDB’s capital markets activities across the globe.

She leads a diverse team of highly seasoned professionals, managing over USD 33 billion under the Bank’s borrowing portfolio, overseeing the Bank Group’s investment of over USD 25 billion liquidity in multicurrency portfolios, and supervising the Bank Group’s hedging activities, banking relationships and back-office operations.

AfDB: Investing in green and social bonds

Ms. N’Sele spearheaded the Bank’s foray in the green bonds and social bonds markets. 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, making the AfDB the largest MDB issuer of social bonds to date.

Commenting on her appointment, Ms. N’Sele said, “It is an honor and a privilege to serve the AfDB Group’s powerful and formidable development mandate. I am looking forward to working with my dedicated and talented colleagues, and with our Board of Directors, to continue to support the bank’s mandate and mission to transform Africa.”

AfDB Group President Dr. Akinwumi A. Adesina said, “Ms. N’Sele is a seasoned finance professional with extensive experience and outstanding contributions at the AfDB. She will provide leadership for the top-rate finance team, in the formulation and implementation of the AfDB’s financial strategies and transformation agenda in support and furtherance of its development mandate.”

AfDB’s last annual meeting focused on climate and energy-related topics.