Nairobi, 7th February 2022 – The African Trade Insurance Agency (ATI) wishes to inform all its shareholders and stakeholders that the Board of Directors has accepted the resignation of its Chief Risk Officer (CRO), Mr Deepak Dave, with effect from 31 March 2022. Mr Dave is separating from ATI due to family reasons that necessitated his relocation back to his home country.
Mr Dave has been a fundamental part of ATI’s Management team, having joined in February 2020 as the pioneer of the newly created Management position of Chief Risk Officer in ATI. During his tenure, he enhanced the portfolio data analysis, improved complex transaction risk management and strengthened Environment, Social & Governance (ESG) impact evaluation. Additionally, he was able to revise ATI’s Enterprise Risk Management Framework and was instrumental in the maintenance of ATI’s stable rating, capital and resources, particularly through the COVID-19 pandemic.
The Board of Directors takes this opportunity to appreciate the commitment and invaluable contribution made by Mr Dave and wishes him the very best in his future endeavours.
Meanwhile, ATI has commenced the recruitment of a new CRO.
