In the final step completing the implementation of a new corporate structure, Africa Finance Corporation has appointed Sanjeev Gupta has been appointed Executive Director, Financial Services, for the multilateral finance institution with responsibility for Treasury, Financial Advisory and the newly created Financial Institutions division.
Previously, Gupta was Managing Partner in charge of emerging markets M&A at EY Transactions Advisory Services. He was also the Founder and Managing Partner of Emerging Opportunity Consulting as well as Chief Executive Officer of Sanlam Investment Management’s emerging markets business.
Commenting on the appointment, Mr. Andrew Alli, AFC’s Chief Executive Officer, said: “AFC was formed to provide financing solutions to infrastructure projects in Africa. So far we have made considerable progress over the last 8 years of operations. Nonetheless, we are at a point where we need to reinvent ourselves and sustain the momentum. We believe that the new organization structure will put the AFC on the right path. The inclusion of Sanjeev as a member of AFC’s executive management team is an excellent addition that, with his experience and the complementary skill set that he possesses, will further enhance the Corporation’s ability to deliver on its mandate.”