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AfDB Group Appoints a New Treasurer

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AfDB Group Appoints a New Treasurer

Tunis, 5 September 2006 –  The African Development Bank (AfDB) Group has appointed Mr. Stefan Luis Nalletamby as Director of the Bank Group’s Treasury Department (FTRY), effective 1 September 2006. He replaces Ms Arunma Oteh who was promoted to the position of  Vice President for corporate affairs in March.

Mr. Nalletamby, 45, joined the Bank in 1998 as Principal Investment Officer. He was promoted  Manager of the Investments Division of the Treasury department in 2001.

He holds an MSc in Applied Development Studies from the University of Reading, U.K.,  an MBA in International Management from the American Graduate School of International Management in Phoenix and a  Maitrise des Sciences de Gestion from Université Paris IX Dauphine in France

A British national, Mr. Nalletamby is married with two children. He has worked in the banking, treasury and bond trading domains in Britain, France, Spain and Japan.

"I would just like all of us to keep up the good work; the Bank has contributed significantly to Africa’s development and will continue to do so in the future. Treasury will look to enhance its contribution to the delivery of customized development needs by the sharing of financial innovation", Mr. Nalletamby said

Internal and External Communications Division– Tel.: +216 71 10 29 16 – Fax: +216 71 10 37 52 – E-mail:


Felix Njoku Phone: +216 71 10 26 12
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