AfDB announces new appointments
The African Development Bank Group has announced the appointment of Mr. Nourredine Lafhel as Acting Chief Risk Officer, effective April 6 2020 and Mrs. Nafissatou N’diaye Diouf Acting Director for Communications and External Relations from April 1 2020.
Lafhel, a Canadian national, is currently the Sovereign Credit and Market Risk Division Manager (PGRF3), in the Directorate of the Group Risk Management Function of the African Development Bank Group. An experienced risk management professional, Nourredine has more than twenty (20) years of experience in finance and risk management. He is a proven leader in the development of innovative solutions and strategies for balance sheet optimization, capital adequacy and market risk management. He has worked in several continents including North America, Middle East and Africa.
In his role as Division Manager, Nourredine, has had extensive experience in reviewing market risk, sovereign portfolio reports, sovereign credit policy and the Bank’s credit policy and graduation. He has been instrumental in defining the Bank’s economic capital requirements for market, credit and operational risk. In particular, Nourredine was part of the team that developed the Room to Run initiative - the Bank’s innovative $1 billion synthetic securitization deal.
Before joining the Bank, Lafhel held senior treasury and credit risk roles at S&P Global Ratings as Director, Sovereign and International Public Finance Rating, and as Senior Director, Credit Risk Management & Rating at Acreditus, in the United Arab Emirates. In these roles, Nourredine provided strategic advice, policy guidance and analytical support to MENA sovereign entities in the area of capital markets, credit risk management and ratings on confidential basis.
Prior to this, he served at the Bank of Canada as a Principal Credit Risk officer, where he was responsible for the implementation of the internal rating methodologies and scorecards of sovereigns, GREs, supranational institutions, and banks. He led credit risk assessments and internal ratings of investment and trading counterparties.
Lafhel is fluent in French, English and Arabic, and holds a Master’s Degree in Applied Finance from the University of Quebec at Montreal – ESG School of Management, Canada and a Bachelor (Honours) in Financial Management from the Faculty of Law, Economics and Social Sciences, at University Hassan II of Casablanca in Morocco.
Commenting on the appointment, Dr. Akinwumi Adesina, President of the African Development Bank said: “Nourredine is an experienced and well-respected professional who has played an active role in the Bank’s asset liability management and credit risk committees. He has provided critical technical direction in the development of innovative solutions and strategies for balance sheet optimization including sovereign exposure exchange agreement, sovereign risk transfer, Room2Run and the AFAWA risk sharing mechanism. I am confident that Nourredine will continue to provide critical leadership and innovation to ensure that we maintain our triple A rating.”
Nafissatou, a Senegalese national, is currently a Division Manager in the Communications and External Relations Department of the African Development Bank Group. A dedicated and results driven communications professional, Nafissatou brings over twenty (20) years of experience to the role, with a comprehensive background in corporate communications, public relations, journalism, digital and media Development.
Since her appointment as Division Manager in 2018, Nafissatou has fostered agile communication strategies, consistently reflecting cohesion with the Bank’s vision. She has built and led a world-class team of editors, writers, digital and media specialists, resulting in exponential increase in coverage and awareness around the Bank’s strategic objectives and projects.
Prior, Nafissatou had served as a communications consultant with the Bank’s Private Sector and Infrastructure Complex and Trade Department from 2016 to 2018, during which she engaged with Regional Integration and Trade Department Senior Management, streamlining communication and public relations strategies across a variety of platforms.
Before joining the Bank, Nafissatou, the founder and Managing Director of 54 Communications company, in Dakar, Senegal from 2011 to 2017 provided leadership for the cross-functional development and delivery of compelling public relations, branding, communication and event management strategies for a broad spectrum of public and private entities.
Nafissatou also worked as Public Relations Director for Francophone Africa ZK Advertising, Johannesburg, South Africa during which she demonstrated a keen aptitude for cross-cultural leadership, managing teams of public relations professionals, account managers and country representatives across seven African countries, including Gabon, Niger, Chad, Madagascar, Burkina Faso, the Democratic Republic of Congo and the Republic of Congo. With a creative and collaborative approach to project management within challenging markets, Nafissatou excels in strategic storytelling, content development, capacity building and mentoring.
Prior to her transition into corporate communication, Nafissatou worked as a journalist with the Associated Press (AP), covering international conflicts and crises west and central Africa including Liberia, Côte d'Ivoire, the Democratic Republic of Congo, Niger, Mauritania, and the Central African Republic. Many of her breaking news stories were featured in global newspapers such as the Washington Post, USA Today, The Boston Globe and the LA Times. Nafissatou also worked as an Open-Source Officer for the Foreign Broadcast Information Service (FBIS), a division of the Central Intelligence Agency's Directorate of Science and Technology.
A native French speaker, Nafissatou holds a Master of Arts degree in Interpreting and Translation from Salford University in the United Kingdom (UK), a Bachelor of Arts (Hons) in Applied Language Studies from Thames Valley University and a Diploma in Journalism and Newswriting from the London School of Journalism.
Commenting on the appointment, Dr. Akinwumi Adesina, President of the African Development Bank said: “Nafissatou is a respected professional in the Communications and External Relations industry. I look to Nafissatou to steer the Department at this critical moment as the Bank responds to the rapidly changing situation of COVID-19 and to continue the excellent work done to date in the Department”.