AfDB appoints Hassatou Diop N’sele as VP Finance and CFO
BUSINESSS REPORTER
The African Development Bank Group (AfDB) has appointed Hassatou Diop N’Sele, as Vice-President for Finance and Chief Financial Officer.
A Senegalese national, N’Sele has been acting in the role since November 2021.
An accomplished professional with over 30 years of banking and finance experience, she joined the African Development Bank in 1999 as Senior Treasury Officer.
N’Sele 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.
As treasurer, she has provided strategic leadership to enhance the bank’s fund raising, investments and hedging activities, the bank group said in a statement on Tuesday.
N’Sele led the successful global expansion of the African Development Bank’s capital markets activities.
She leads a diverse team of highly seasoned professionals, managing over US$33bn under the bank’s borrowing portfolio, overseeing the group’s investment of over US$25bn liquidity in multicurrency portfolios, and supervising its hedging activities, banking relationships and back-office operations, it said.
N’Sele spearheaded the African Development Bank Group’s entry into the green bonds and social bonds markets.
Among her key achievements in capital markets are award winning transactions and recognition, including the US$3bn Fight Covid-19 bond launched in 2020. This made the African Development Bank the largest multilateral development bank issuer of social bonds to date.
N’Sele has led key strategic and technical financial initiatives geared towards optimising the institution’s financial capacity. She established the blueprint for its long-term financial sustainability. S
he also played a key role in the design of the Special Temporary Callable Capital Increase under the oversight of the president and vice-president for Finance.
As treasurer, N’Sele is providing strategic and technical leadership in discussions on the bank’s financial and risk bearing capacity, and the development of new financial products. She drove the design of the framework for the long-term financial sustainability of the bank group from 2018 to 2019.
N’Sele said she was grateful to AfDB president Akinwumi Adesina for the appointment and his in her.
“It is an honor and a privilege to serve the African Development Bank Group’s powerful and formidable development mandate. I am looking forward to working under the leadership of President Adesina, with my dedicated and talented colleagues at the Bank, and with our Board of Directors, to continue to support the mandate and mission of the African Development Bank to transform Africa,” she said.
Adesina said: “I am pleased to appoint Mrs. Hassatou Diop N’Sele as Vice-President for Finance and Chief Financial Officer. Hassatou is a seasoned finance professional with extensive experience and outstanding contributions at the African Development Bank. 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.”
