Max Magor Ndiaye Appointed Senior Director of Syndications of AIF and Client Solutions

Ndiaye, an American national, brings over 22 years of experience in structured finance, risk management, and capital markets to the role.

The African Development Bank (AfDB) has appointed Max Magor Ndiaye as the Senior Director of Syndications, the Africa Investment Forum (AIF), and Client Solutions, effective June 12, 2024. Ndiaye, an American national, brings over 22 years of experience in structured finance, risk management, and capital markets to the role.

Professional Background: Ndiaye currently serves as the Director of the Bank's Syndication and Client Solutions Department. He has a distinguished track record in the international public and private sectors, having orchestrated major financial transactions and developed innovative financial products. His accomplishments include:

Leading a $2 billion balance sheet optimization transaction with the UK government and London-based private insurers, enhancing the Bank's lending capacity for climate and green growth initiatives.

Designing and structuring a $1 billion Synthetic Securitization transaction in 2018, attracting institutional investors to Africa.

Syndicating projects across Africa totaling over $2.5 billion.

Negotiating a co-financing partnership with Japan worth $8 billion over the past five years.

Developing the Bank's inaugural Hybrid Capital issuance, revising the Guarantee Policy, and introducing the Balance Sheet Optimization Framework.

Ndiaye holds a master's degree in finance and Capital Markets from Ecole Superieure de Gestion de Paris and an MBA from the University of North Carolina, Charlotte.

Role and Responsibilities: In his new role as Senior Director for the Africa Investment Forum, Ndiaye will oversee the multi-stakeholder, multi-disciplinary partnership platform aimed at advancing strategic projects in Africa to bankable stages, raising and leveraging capital, and accelerating deals to financial closure. He will collaborate closely with the AIF Coordination Group, AfDB vice presidents, senior managers, and the Bank's Board of Directors to guide the platform towards its next development phase.

Statements: Commenting on his appointment, Ndiaye expressed gratitude to President Adesina for the opportunity and confidence bestowed upon him. He emphasized the critical role of the Africa Investment Forum in mobilizing private sector financing into Africa and committed to working with all stakeholders to deliver on the Forum's mandate.

AfDB President Akinwumi Adesina praised Ndiaye's leadership, expertise in finance and investments, and his ability to mobilize private and public sector financing. Adesina highlighted Ndiaye's effectiveness in managing relationships and delivering impactful results, noting that his skills will be instrumental in expanding the AIF platform and enhancing its effectiveness and sustainability.

Ndiaye's extensive experience and proven track record in finance and investment are expected to significantly contribute to the AfDB's efforts in mobilizing private sector investments and driving economic development across Africa.