AFC restructures, appoints Gupta into board

businessAfrican Finance Corporation (AFC) has implemented a new organisational structure, aimed at increasing the corporation’s client responsiveness by creating sector clusters, that would be responsible for delivering all of its products to customers.

Meanwhile, at the executive level, it has appointed Mr. Sanjeev Gupta as Executive Director, Financial Services, with responsibility for Treasury, Financial Advisory and the newly created Financial Institutions Division.

Gupta brings a wealth of experience to the corporation, as he was Managing Partner in charge of Emerging Markets merger and acquisition at Ernst Young Transaction Advisory Services.

He was also Founder and Managing Partner of Emerging Opportunity Consulting, as well as Chief Executive Officer, Sanlam Investment Management, responsible for emerging markets.

Gupta has a bachelor’s degree from the University of Calcutta, India and is an alumnus of the Said Business School Oxford; Fellow of the Institute of Chartered Accountantsof India (FCA); and a member of the Institute of Investment Analysts of South Africa.

Other executive level changes were the appointment of Dr. Adesegun Akin-Olugbade as Executive Director and Chief Operating Officer of AFC, previously the Executive Director, Corporate Services.

He will take additional responsibilities for Information Technology and the newly established Investor and Country Relations functions and remains the Corporation’s General Counsel and Head of Legal Department.

Dr. Akin-Olugbade, a Harvard Law School alumnus, who graduated top of the Nigerian Law School Class of 1984 and pioneer executive of the AFC, has over 30 years’ experience in the legal profession and the financial services sector, having worked at both the technical and executive management levels, in the public and private sector, for leading commercial law firms, development banks and international financial institutions.

He was previously General Counsel and Director of the African Development Bank and pioneer Chief Legal Officer and Head of Legal Services Department of the African Export-Import Bank.

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