Abdoul Mbaye - Administrator
Until recently, Mr. Mbaye was at the helm of Attijari Bank Senegal (“Attijari”, formerly Banque Senegalo-Tunisienne) as CEO and Director. Mr. Mbaye was a member of the consortium that bought Banque Senegalo-Tunisienne (“BST”), then a poorly performing bank, in 2003, and took on the chief executive role. Under his leadership, the bank had been the fastest growing in its sector three years running. In November 2006, the Moroccan banking group Attijariwafa purchased 67% of the capital of BST, and the latter was renamed Attijari Bank Senegal. In a career littered with successful firsts, Mr. Mbaye has developed a reputation as a bank turnaround specialist and an innovator in African finance.
Immediately following his studies in France, Mr. Mbaye joined the West African Central Bank in 1976 as an economist in the Research Department. Over the subsequent years, Mr. Mbaye developed his career within various areas in the Bank including a stint in Côte d’Ivoire and a year long exchange program that took him to the IMF in Washington DC. This culminated in his becoming Director of the Division of Planning (Department of Research) in 1981. More recently, he has worked with the Bank to develop a regulatory framework for investment funds in the region. His framework is in the process of review and is likely to be adopted.
In 1982, Mr. Mbaye was appointed as CEO of Banque de l’Habitat du Senegal (“BHS”), the leading housing finance institution in the country, where he engineered a restructuring of the bank’s operations. Under his leadership, the bank tripled its assets, created a network of international partners and introduced information technology in its operations. BHS was also able to obtain funding from USAID and develop an advisory practice in housing finance for the benefit of governments and other housing finance institutions in Sub-Saharan Africa. BHS was subsequently selected by the World Bank to house the “Credit Communal”, a leading World Bank program.
Immediately following his tenure at BHS in 1990, Mr. Mbaye was brought in to restructure BIAO-Senegal and was instrumental in establishing, and then serving as CEO of, Compagnie Bancaire de l’Afrique Occidentale (“CBAO”), the first private commercial bank in Senegal created in 1993 from the ashes of BIAO. The restructuring led to a doubling of the capital base and trebling of assets. While at CBAO, Mr. Mbaye also launched the first leasing company in Senegal, SOGECA, as well as Seninvest, the first investment fund in the West African Monetary Union.
Mr. Mbaye is a graduate of Hautes Etudes Commerciales (Paris), the Sorbonne University (Paris) and the University of Dakar (Senegal). He is the President of the Association of Banks and Financial Institutions (APBEF) of Senegal as well as the President of the Federation of Associations of Banks and Financial Institutions of the West African Economic and Monetary Union.