The African Development Bank or AFDB has named Simon Mizrahi, a British national, vice president of the bank’s Technology and Corporate Services Complex.
The bank disclosed this in a statement released on its Twitter handle on Wednesday.
The appointment, which took effect on April 1, will have Mizrahi lead the drive to fully digitalise the bank and deploy big data analytics, robotics, machine learning, and other IT tools to drive the bank’s Real Estate Strategy and oversee the formulation and implementation of its policies and controls on asset management and information technology systems.
Mizrahi is a senior executive with over thirty years of experience exercising strategic leadership in development operations and policies.
Until now, Mizrahi served as acting vice president for the complex, doubling as director for the bank’s Development Impact and Results Department.
“Mizrahi has acquired an in-depth understanding of the institution’s business needs, its operating environment, and its corporate governance, as well as extensive experience leading complex corporate reforms and played a key role in the Bank’s proposal for a seventh general capital increase, which produced $115 billion in additional capital, the largest increase in its history,” the statement read n part.
It also stated that he was responsible for promoting transparency and accountability across the AFDB, leading to the 2022 publication of the bank’s report titled “Publish What You Fund”, earning the AFDB the most transparent development organisation in the world.
“It ranked its Sovereign Portfolio first out of 50 global development institutions in its Aid Transparency Index with a top score of 98.5.” the bank said.
The African Development Bank (AFDB) has appointed Simon Mizrahi, a British national, as vice president of its Technology and Corporate Services Complex, effective April 1. Mizrahi will lead efforts to digitalize the bank, utilizing big data analytics, robotics, and machine learning, and oversee asset management and IT system policies.
Mizrahi, with over thirty years of strategic leadership experience in development operations and policies, previously served as acting vice president for the complex and director of the Development Impact and Results Department. He played a crucial role in implementing corporate reforms and was instrumental in securing a $115 billion capital increase, the largest in the bank's history.
He also enhanced transparency and accountability within the AFDB, culminating in the bank being named the most transparent development organization in the world in 2022 and achieving the top score in the Aid Transparency Index for its Sovereign Portfolio.
