The African Development Bank is pleased to announce the appointment of Khaled Sherif as Vice-President, Regional Development, Integration and Business Delivery, with effect from 1st November 2016. He will join the Senior Management Team of the Bank.
Khaled Sherif, Egyptian, is a highly respected and experienced economist and manager with 25 years of experience within the World Bank, spanning strategic, operational and technical expertise in development and development finance. He comes with deep knowledge and extensive experience in project development, portfolio management and regional operations management.
He rose progressively through the ranks in the World Bank, joined through the Young Professional Program and moved up as Senior Economist, Principal Economist, Lead Economist and Sector Manager for private and financial sector development. He later became the Chief Administrative Officer – the Chief Operations Officer of the World Bank’s Africa Region.
As the Chief Financial/Administrative Officer for the Africa Region of the World Bank, he oversaw the largest region within the World Bank, which accounts for approximately half of the entire organization’s operational budget. Reporting to the Vice President for Africa region, he led a team of 250 professionals across Africa, responsible for operations work for 38 regional offices.
Under his leadership, the Africa Region doubled its volume of annual lending from under $4 billion to over $8 billion. He was responsible for strategic planning and policy development across the World Bank’s operations in Africa, and brings along wide experience in managing operations in Middle East, North Africa, South and East Asia.
He also previously served as the Chief Administrative Officer, Network Operations in the Human Development Network of the World Bank, where he managed nearly $2 billion in bank-executed Trust Funds.
He helped to create the Regional Integration Department in Africa for the World Bank and brings unique set of skills in working with Regional Economic Communities on regional integration projects. He brings particular expertise in strategic planning, budget control and management and working with others to deliver actionable, locally tailored regional and country strategies. He possesses a unique combination of technical expertise in the private sector, managing regional integration, financial sector development, banking operations, strategic planning and organizational reform and change management. These will help the Bank to spearhead its regional integration agenda and ensure the success of the decentralization action plan.
Sherif studied economics, public policy, earning his Bachelors (1981) and Master’s degree in economics (1983) and a second Master’s degree in political science from the American University of Cairo (1989), and a PhD in public policy and management from Boston University in 1986.
Commenting on his appointment, Sherif said, “I am motivated by the dynamic leadership that President Adesina is providing and the vision and strategies of the African Development Bank. The new business delivery model of the Bank to move closer to its clients in the regions is laudable. I am excited about this opportunity to bring in my extensive knowledge and experience on operations in Africa to help deliver on the business and delivery model for the Bank”.
The President of the Bank, Akinwumi Adesina, expressed his enthusiasm on the appointment: “Dr. Sherif is a well-tested hand on developing and managing large and complex portfolios. He brings deep knowledge of Africa and extensive management experience of decentralized teams, as well as strategic, operational and technical expertise across multiple sectors. These are exactly what the African Development Bank needs as it rolls out is new business and delivery model across the continent. I am delighted to have Khaled on board”.