London: The European Bank for Reconstruction and Development (EBRD) has announced the appointment of Fatoumata Bouar© as the new Vice President and Chief Risk Officer. Ms Bouar© will officially assume her role on May 1, 2025, leading several critical departments within the bank, including Risk Management, Environmental and Sustainability, Business Resilience, and Procurement Policy and Advisory. She will also join the Bank’s Executive Committee.

According to Azeri-Press News Agency, Ms Bouar©’s extensive experience in both development and commercial banking makes her a valuable addition to the EBRD. During her seven-year tenure at FMO, the Dutch entrepreneurial development bank, she played a key role in enhancing the risk departments and spearheaded innovations in digitalisation and impact reporting. Her efforts ensured financial stability during a period of significant growth for the bank.

Prior to her position at FMO, Ms Bouar© served as the Director of Risk Management at the Bank of Africa, where she was responsible for overseeing the group and its 18 affiliates. Her appointment comes as C´te d’Ivoire, her home country, recently joined the EBRD as its newest member. The Bank’s shareholders have approved an expansion plan to include six sub-Saharan countries, scheduled to commence in 2025.