President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014. He oversees three divisions: Financial Inclusion and Intermediation, Capital Markets Development, and Trade Finance.

He was previously the Coordinator of the Making Finance Work for Africa Partnership (MFW4A), a unique platform for African governments, the private sector, and development partners to coordinate financial sector development interventions across the continent. Prior to his position at MFW4A, he spent 10 years in the finance complex of the African Development Bank. During his tenure as Advisor to the Vice President, Finance, he designed and launched the African Financial Market Initiative (AFMI) to further develop local currency bond markets on the continent.

Prior to that, he spent 9 years in the Treasury department, where he occupied various positions, including Bond Portfolio manager and Group Treasurer. Before joining the African Development Bank, he spent 12 years in the international capital markets as a Bond Trader and Head of Bond Trading and Sales with BNP Paribas in Paris, Tokyo and Madrid.