The development finance institution’s board announced ALI Fellow Leslie Maasdorp as its new chief executive.
ALI Fellow Leslie Maasdorp will be taking the reins later this year at British International Investments (BII) as its new Chief Executive Officer.
BII – the UK government’s primary vehicle for delivering climate finance in emerging markets – invests about £1 billion a year in markets across Africa, Asia and the Caribbean, and has investments in nearly 1,600 companies in 65 countries.
Maasdorp was previously Vice President and Chief Financial Officer of the New Development Bank (NDB). He has worked in several positions in the South African government since 1994 and has led several organisations and companies with his work in development and climate finance.
BII’s Board Chair Diana Layfield said through a statement: “The Board and I are delighted to welcome Leslie as the new CEO for BII. His broad career across financial services and the public sector, and his proven track record of success within international development and climate finance, positions him extremely well to lead BII. Leslie’s unique perspective and leadership qualities will enable him to build on the great work of our outgoing CEO, Nick O’Donohoe. His lived experience of many of our markets, his values and his deep personal passion for development will be immensely valuable as we continue to respond to the environmental, economic and social needs of our markets.”
Read more here.
