Ms. Marlene Ngoyi has been named Chief Executive Officer of the African Export-Import Bank’s (Afreximbank) development-oriented subsidiary, the Fund for Export-Development in Africa (FEDA). Chief Investment Officer Emmanuel Assiak has been appointed.
Ms. Ngoyi has over 17 years of expertise and is from the Democratic Republic of Congo (DRC). She has raised multi-billion-dollar loans, bonds, equity, quasi-equity, and foreign direct investment for social enterprises, private firms, public-private partnerships, and governments across Africa through bank syndication, capital markets, and private equity deals.
Ms. Ngoyi has also served as the CEO of BGFI Investment Banking, where she oversaw the company’s capital and foreign direct investment raising for private and sovereign clients totaling more than $4 billion. She also spent two years as the CEO of a commercial bank in the Democratic Republic of the Congo, where she led a financial turnaround by restoring the business’s profitability. The bank also became one of just a few in Sub-Saharan Africa to complete and acquire an anti-money laundering 30000 certification for countering money laundering and terrorism financing under her leadership.
Ms. Ngoyi graduated magna cum laude from Bentley University with a B.Sc. in Economics and Finance and holds a Master in Business Administration from Harvard Business School.
For his part, Mr. Emmanuel Assiak, who has been appointed FEDA’s Chief Investment Officer, joined FEDA in 2019 as a director. As a pioneer staff, he played a key role in setting up and operationalizing the organization. This includes putting in place the required service infrastructure (people, processes, and systems) and leading the execution of FEDA’s first four equity deals and commitments in other strategic investments and partnerships amounting to about US$300 million. In his over 15 years of private equity experience, Mr. Assiak has played active roles in raising and deploying over US$1.5 billion in funds and equity transactions.
Mr. Assiak holds a First-Class Bachelor’s degree and a Masters in Economics from the University of Cross River State and University of Lagos, Nigeria respectively. He also holds an MBA with Distinction from Manchester Business School, United Kingdom. He is a Certified Accountant and an alumnus of the Coller Institute of Private Equity, London Business School.