Afreximbank Appoints New CEO, Chief Investment Officer Of FEDA

The African Export-Import Bank (Afreximbank) has appointed Ms Marlene Ngoyi as Chief Executive Officer (CEO) of the Bank’s development-oriented subsidiary, Fund for Export Development in Africa (FEDA).

According to a statement signed by Afreximbank’s Media Contact, Amadou Sall, released on Friday, the bank also appointed Mr. Emmanuel Assiak as the Chief Investment Officer for FEDA.

Sall said Ngoyi, who hails from the Democratic Republic of Congo (DRC), has more than 17 years of experience working with social enterprises, private companies, public-private partnerships and governments across Africa.

“This she has done to raise multi-billion-dollar debt, bonds, equity, quasi-equity, and foreign direct investment via bank syndication, capital markets, or private equity transactions to finance strategic investments.’’

According to him, Ngoyi has served as the CEO of BGFI Investment Banking, where she led the company in raising more than $4 billion of capital and foreign direct investment for private and sovereign clients.

Additionally, she was CEO of a commercial bank in the DRC for two years, leading a financial turnaround by restoring its financial profitability.

Sall further stated that under Ngoyi’s leadership, the bank also became one of a select few banks in sub-Saharan Africa to complete and obtain anti-money laundering (30,000) certification for combating money laundering and terrorist financing.

He said Ngoyi graduated magna cum laude from Bentley University with a Bachelor Degree in Economics and Finance, and holds a Master in Business Administration from Harvard Business School.

Sall said Assiak, who has been appointed FEDA’s Chief Investment Officer, joined FEDA in 2019 as a director.

“As a pioneer staff, he played a key role in setting up and operationalising the organisation.

“This includes putting in place the required service infrastructure (people, processes and systems) and leading the execution of FEDA’s first four equity deals and commitments in other strategic investments and partnerships amounting to about US$ 300 million.

“In his more than 15 years of private equity experience, Mr. Assiak has played active roles in raising and deploying over US$ 1.5 billion in funds and equity transactions.

He stated that Assiak holds a First-Class Bachelor’s degree and a Masters in Economics from the University of Cross River State and University of Lagos, Nigeria, respectively.

He also holds an MBA with Distinction from Manchester Business School, United Kingdom.

He is a Certified Accountant and an alumnus of the Coller Institute of Private Equity, London Business School.