Ahmed Rashad ATTOUT

Egyptian citizen, brings over 24 years of experience in financial sector development, sovereign and corporate finance in Africa and the Middle East. He has served as Acting Director of the Department since November 2022.

Since joining the Bank in January 2010, Attout has held several key positions, including Senior Financial Analyst, Principal Capital Markets Officer, Chief Capital Markets Officer, and Division Manager of Capital Markets Development.

In these roles, he has been instrumental in establishing client-facing financial markets operations and executing key financial markets-funded and unfunded operations worth over $8.5 billion across more than 40 African countries. He has also been pivotal in crafting strategies to develop and broaden Africa’s financial sector using various bank products and instruments.

Attout has spearheaded several initiatives to develop Africa’s capital markets, including the Capital Markets Development Trust Fund, which supports countries in developing their capital markets, and the Africa Exchange Linkage Project, which aims to integrate Africa’s Stock Exchanges.

His work also includes leading sovereign and non-sovereign financial market transactions, broadening funding sources for various African financial entities, and structuring liquidity schemes to address funding challenges.

Attout represents the Bank on the Sustainability-linked Sovereign Debt Hub, as a substantive Board Member of the African Trade Insurance Agency (ATI), and an Alternate Board Member at ZEP-RE (PTA Reinsurance Company).

Before joining the African Development Bank Group, he worked at Banque Audi as Corporate Relationship Manager, at the Arab Bank for Economic Development in Africa as Financial Analyst and Specialist in the Loans and Disbursement Department, and at Société Générale Bank as a Financial Analyst in the Corporate Finance Department.