Ebene/ Bujumbura/ Nairobi, 30 September 2020 – The Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the appointment of Tim Turner as Senior Advisor to the CEO and Executive Team. Mr. Turner will be advising TDB on various matters including partnerships, resource mobilisation, strategy and risk management.
Mr. Turner comes to TDB with an illustrious career in international and African development finance, and a successful long track record at the African Development Bank Group (AfDB) from which he retired recently, and where he served with distinction in several capacities, notably as Chief Risk Officer (2013-2020) and earlier, as Director of the Private Sector and Microfinance Department (2006-2013).
Among other accomplishments, he was a member of the team that designed the AfDB’s USD10 billion COVID-19 Response Facility, that designed and implemented the first Multilateral Development Bank Sovereign Exposure Exchange, and that created the AfDB Group’s Private Sector Credit Enhancement Facility. He was also part of the team that formulated the USD 1 billion synthetic securitization of the AfDB’s private sector loan portfolio and the USD 500 million portfolio insurance intervention to optimize the AfDB’s balance sheet and mobilize private sector investment into Africa. Likewise, Mr. Turner negotiated a framework agreement with the Government of Japan to channel USD 1 billion of resources to Africa’s private sector through the AfDB.
Previously, he spent several years working in major OECD capital markets, including in North America and Japan.
Mr. Turner has rich experience in the governance of multilateral and regional financial institutions, having served on various boards of directors, including of the Africa Legal Support Facility (ALSF), the East African Development Bank (EADB) and the Africa Reinsurance Company (Africa Re), and is a long-standing advocate of strengthening African development finance institutions. Mr. Turner is a graduate of IMD in Switzerland and of the University of Toronto.
TDB is delighted to welcome Mr. Turner on board and looks forward to the practical knowledge, wealth of experience and extensive global networks that he brings. He joins a group of other prominent and distinguished advisors who inform and contribute to strategy development and outreach at the TDB Group.
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is a multilateral, treaty-based, investment-grade development finance institution, with 40 sovereign and institutional shareholders and assets of USD 6.7 bn. TDB serves 22 economies in its region, with the mandate to finance and foster trade, regional economic integration and sustainable development.