EBRD Appoints Fatoumata Bouaré as Vice President and Chief Risk Officer to Lead Risk Strategy and Expansion

EBRD Appoints Fatoumata Bouaré as Vice President and Chief Risk Officer to Lead Risk Strategy and Expansion

(IN BRIEF) The EBRD has appointed Fatoumata Bouaré as Vice President and Chief Risk Officer, effective May 1, 2025. Ms. Bouaré, with extensive experience in both development and commercial banking, will oversee multiple departments and serve as a member of the Bank’s Executive Committee. She takes on the role as the Bank expands into new regions and enters its next Strategic Capital Framework.

(PRESS RELEASE) LONDON, 30-Jan-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has announced the appointment of Fatoumata Bouaré as its new Vice President and Chief Risk Officer. Taking up her new role on May 1, 2025, Ms. Bouaré will oversee several key departments, including Risk Management, Environmental and Sustainability, Business Resilience, and Procurement Policy and Advisory. She will also serve as a member of the Bank’s Executive Committee.

Ms. Bouaré brings extensive experience to her new role, with a career that spans both development and commercial banking sectors. During her seven-year tenure at FMO, the Dutch entrepreneurial development bank, she played a crucial role in strengthening the institution’s risk management framework and led initiatives in digitalization and impact reporting, ensuring financial stability amid a period of rapid growth. Prior to this, she held the position of Director of Risk Management at the Bank of Africa, where she was responsible for the group’s risk strategy across 18 affiliate institutions.

EBRD President, Odile Renaud-Basso, expressed her enthusiasm about Ms. Bouaré’s appointment, stating, “We are pleased to welcome Fatoumata to the EBRD. Her wealth of expertise, impressive professional background, and leadership abilities make her exceptionally well-suited to this critical role as the Bank extends its reach into new regions and enters its next Strategic Capital Framework phase.”

Renaud-Basso also acknowledged the work of David Coleman, who will be retiring after a decade of service at the Bank, saying, “Fatoumata will succeed David Coleman, whose remarkable contributions have been pivotal to the Bank’s success. We are grateful for his leadership and dedication, and we look forward to his continued involvement until Fatoumata transitions into her new role.”

Ms. Bouaré commented on her appointment: “It is an honor to join the EBRD at such an exciting time in its evolution. My focus will be on fostering a risk management framework that is resilient, sustainable, and aligned with the Bank’s goals of promoting inclusive growth and environmental sustainability. I am excited to be part of a team that drives impactful change and continues to deliver value to our stakeholders.”

A native of Côte d’Ivoire, Ms. Bouaré’s appointment comes as the country becomes the newest member of the EBRD. The Bank’s shareholders recently approved a plan for expanding its operations into six sub-Saharan countries, with the expansion set to begin in 2025.

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SOURCE: EBRD