Africa Finance Corporation (AFC) has appointed Sanjeev Gupta as Executive Director of Financial Services.

In this role, Gupta will have responsibility for Treasury, Financial Advisory and the newly created Financial Institutions Division.

Gupta brings a wealth of experience to the Corporation.

Previously, he was Managing Partner in charge of Emerging Markets M&A at Ernst Young Transaction Advisory Services.

He was also Founder and Managing Partner of Emerging Opportunity Consulting, as well as CEO, Sanlam Investment Management responsible for Emerging Markets.

Gupta is a fellow of the Institute of Chartered Accountants of India (FCA), and a member of the Institute of Investment Analysts of South Africa.

Andrew Alli, CEO of AFC, said: "AFC was formed to provide financing solutions to infrastructure projects in Africa. So far we have made considerable progress over the last eight years of operations. Nonetheless, we are at a point where we need to reinvent ourselves and sustain the momentum.”

In January 2015, AFC implemented a new organizational structure with the purpose to increase the Corporation's client responsiveness by creating sector clusters that would each be responsible for delivering all of AFC's products to clients within those sectors.

In achieving these objectives, a number of changes have already been made at the executive level.

Dr. Adesegun Akin-Olugbade was appointed Executive Director and Chief Operating Officer of AFC from his previous role as Executive Director, Corporate Services, taking on additional responsibilities for IT and the newly-established, Investor and Country Relations functions.

In addition, Oliver Tunde Andrews was appointed AFC's Executive Director and Chief Investment Officer in September, 2014.

“We believe that the new organization structure will put the AFC on the right path. The inclusion of Sanjeev as a member of AFC's executive management team is an excellent addition that, with his experience and the complementary skill set that he possesses, will further enhance the Corporation's ability to deliver on its mandate. My other colleagues and I wish Sanjeev a warm welcome and are excited to have him join the organization," Alli added.