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Bayo Ogunlesi Appointed Chairman of AFC

Adebayo O. Ogunlesi, the international investment banker has been appointed Non-Executive Chairman of the Africa Finance Corporation (AFC) - the African-led financial institution whose mission is to help drive faster economic growth on the continent by proactively assisting in the development and financing of critical infrastructure, industrial and other assets.

Bayo Ogunlesi is Chairman and Managing Partner of Global Infrastructure Partners (GIP) a US$5.64 billion private equity fund that invests in infrastructure assets worldwide. GIP's founding investors include Credit Suisse and General Electric, and it recently agreed the $1.455 billion acquisition of London's Gatwick Airport. Mr. Ogunlesi brings a wealth of international investment banking, infrastructure and corporate governance expertise to the AFC. Commenting on his appointment, Mr. Ogunlesi said "My role as Chairman of AFC will provide a unique opportunity for me to contribute to the development of Africa by helping to build what I am sure will become a leading force in the financing of infrastructure assets on the continent."

Prior to founding GIP, Mr. Ogunlesi was Executive Vice Chairman and Chief Client Officer of Credit Suisse's Investment Banking Division with senior responsibility for Credit Suisse's corporate and sovereign investment banking clients. He also served as Global Head of Credit Suisse's Investment Banking Department which included its worldwide capital markets - debt and equity, mergers and acquisitions, corporate finance and advisory, industry, country and regional banking businesses. Prior to becoming an investment banker, he was an attorney with the New York law firm of Cravath, Swaine & Moore. From 1980 to 1981, he served as a Law Clerk to the Honorable Thurgood Marshall, Associate Justice of the United States Supreme Court. Bayo Ogunlesi today outlined the pivotal role that AFC has to play in addressing the continent's infrastructure deficit and shaping the pan-African infrastructure investment agenda as he joins the AFC Board of Directors and its executive team led by CEO, Mr. Andrew Alli. Welcoming the appointment of Mr. Ogunlesi as Chairman, Mr. Alli said "Bayo's experience in infrastructure investing and banking brings a wealth and depth of knowledge and expertise that will propel the AFC into the premier league of institutions addressing the development requirements of Africa."