By Favour Nnabugwu

The African Development Bank has appointed Ahmed Rashad Attout as Acting Director, Financial Sector Development Department, effective 1st December 2022.

A seasoned and results-oriented banker, Attout, an Egyptian citizen, has over 23 years of banking experience in Africa and the Middle East and is currently the Manager of the Capital Markets Development Division. He has a special focus on capital markets, sovereign and corporate finance.

As a key member of the Financial Sector Development team responsible for the establishment of client facing capital market operations within the Bank, Attout has been directly involved in the delivery and execution of key capital markets funded and unfunded operations of more than $4.5 billion in over 35 African countries.

He has led several sovereign and non- sovereign capital markets transactions and has been involved in the origination and structuring of different liquidity and mortgage refinancing schemes to assist the continent address its housing challenges.

African Development Bank Group president Dr. Akinwumi Adesina said: “I am delighted to appoint Mr. Ahmed Rashad Attout as Acting Director, Financial Sector Development Department. Ahmed is an experienced and recognized expert in the development of the African Financial Sector. He will continue to provide leadership to the financial sector team, and support the Bank flagship operations, and transformative Agenda in Africa”.