The African Development Bank Group has announced the appointment of Mr. Ifedayo Orimoloye as the Group Chief Risk Officer. The appointment takes effect from April 1, 2021.
According to the statement from the bank, Orimoloye, a United Sates national brings over 20 years of risk management and corporate finance experience from international and diverse financial institutions in Africa, Europe and North America.
As Group Chief Risk Officer, Orimoloye is expected to lead the preparation and implementation of strategic plans within the bank’s overall risk management framework, including its risk appetite statement, credit risk, operational risk and market risk guidelines, policies and procedures.
Reacting to this appointment, Orimoloye said he was excited to join the talented senior management team that President Akinwumi Adesina had been attracting to the bank.
He said, “I am passionate about the bank’s development agenda that has attracted global attention as bold and innovative for accelerating Africa’s development.
“The African Development Bank Group already has a globally acclaimed and high-performing risk management team. I am honored to join to lead the outstanding team to further achieve accelerated development in Africa.”
In his comment, AfDB President, Akinwumi Adesina said, “I am delighted to appoint Orimoloye to lead the bank’s risk management function.
“His hands-on risk management experience will be key in safeguarding the bank’s financial integrity and in providing leadership on all core risk management activities of the bank.
“Orimoloye is a respected professional, with a solid track record in risk management and his experience in Africa, Europe and North America, this will help to further strengthen the group’s risk management function.”