Shelter Afrique picks IFC housing finance boss as new CEO

Shelter Afrique headquarters in Higher Hill, Nairobi. PHOTO | POOL

The board of Shelter Afrique has appointed Thierno-Habib Hann as the brand new chief govt to succeed Mr Andrew Chimphondah who stop instantly in February.

Mr Hann at the moment serves because the Asia-Pacific Lead for housing finance on the Worldwide Finance Company (IFC), based mostly in Bangkok, the place he leads the technique improvement and implementation. 

He beforehand held an analogous place, accountable for Africa and the Center East, based mostly in Nairobi.

 “Mr Hann has intensive worldwide expertise in housing finance, capital markets and structured finance, set-up and administration of funding funds with banking and multilateral establishments, spanning over 20 years,” Shelter Afrique chairman Mr Ephraim Bichetero mentioned.

“He brings with him a wealth of management expertise in improvement and funding, sharp perception in the true property panorama and a robust monitor report of supply.”

A local of Guinea (Conakry), Habib holds an MBA in Finance and Investments from the Zicklin Faculty of Enterprise, Bernard Baruch, New York Metropolis, a grasp’s diploma in Accounting and Finance and a bachelor’s diploma in Administration and Utilized Economics (GEA), from Paris IX Dauphine College.

He started his profession on the consulting agency Arthur Andersen, LLC as a Senior Guide in Monetary Providers and Capital Markets in New York Metropolis.

He has additionally labored at JPMorgan Chase and Goldman Sachs as Supervisor and Vice President respectively and led funding groups issuing mortgage-backed securities (RMBS/CMO) and credit score derivatives (CDS).

Shelter Afrique, owned by 44 African nations and three improvement establishments — African Improvement Financial institution, African Reinsurance Company and the African Solidarity Fund — has had three CEOs in lower than eight years.

In Could, the previous boss Andrew Chimphondah sued the organisation claiming that he was faraway from workplace with out being granted a listening to.

Mr Chimpondah says in a petition filed earlier than the Employment and Labour Relations Court docket that he was voted out in a call made in February, with out getting a chance to answer accusations levelled towards him.

The Zimbabwean was employed by Shelter Afrique in July 2018 for a contract of 5 years.

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