Africa Finance Corporation (AFC), a development finance institution for infrastructure projects in Africa, has appointed David Johnson as chief risk officer. He succeeds Roger Ellender, who reached the mandatory retirement age, after serving as AFC's chief risk officer for six years.
Previously, for the past five years Johnson served as AFC's vice president responsible for market risk management. In his new role, Johnson will be responsible for continuous review, implementation and enhancement of AFC's enterprise-wide risk management framework, which comprises credit, market, operational, environmental, and social risk management.
Prior to joining AFC, he spent fifteen years working as a risk manager, trader and structurer at various international banks including Stanbic IBTC Bank, where he was regional head of market risk for West Africa, and risk manager for the Credit Derivatives Group at WestLB and the Asset Backed Commercial Paper (ABCP) conduit at Abbey National Treasury Services (ANTS).