Cairo, 05 August 2016: –The African Export-Import Bank (Afreximbank) has announced the appointment of Irfan Afzal as its Director for Syndications and Agency.
Mr. Afzal, who has has more than 25 years of working experience, has spent close to 20 years in the origination, structuring, execution and distribution of syndicated loans.
Prior to his Afreximbank appointment, he had held the position of Executive Director, Head of Debt Capital Market, at Wimmer Financial LLP, a United Kingdom-based international corporate advisory firm, since February 2015.
His other experience includes serving as Vice President, Structured Trade Finance and Advisory at Chase Manhattan Bank, London; Vice President and Head of Structured Trade Finance at ABN Amro Bank, Moscow; Senior Director, Structured Trade Finance at American Express Bank; and Head of Energy, Global Trade Finance Group, at KBC Bank.
In his new role, Mr. Afzal will oversee Afreximbank’s loan syndication and distribution function as well as the agency and security trustee function. He will also support the origination of syndicated loan opportunities from large corporates and oversee the structuring of syndicated transactions.
Mr. Afzal, a British national, holds both a Master of Business Administration and a Bachelor of Science in Electrical Engineering from the Illinois Institute of Technology, Chicago, United States.
Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)
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About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, it has approved more than $41 billion in credit facilities for African businesses, including about $6.2 billion in 2015. Afreximbank had total assets of $9.4 billion as at 30 April 2016 and is rated BBB- (Fitch) and Baa2 (Moody’s). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com