Vice-President Risks and Control

Dr. Soumahoro Mory is a financial economist whose expertise is strengthened by a solid international academic background. He holds a PhD in Finance from the International School of Management in New York (USA), as well as a master’s degree in international development economics from the University of North Florida (USA). Professionally, he holds the international Certified Financial Fund Specialist (CFS) designation. obtained from the Institute of Business and Finance in California (USA) and is accredited by the United States Financial Markets Authority, FINRA, as a recognized expert in the structuring and management of investment and development funds.

Dr. Soumahoro has been teaching economics and finance at the University of the Lagoons of Abidjan (Côte d’Ivoire) since 2009 and has been a Professor of Public Finance and Capital Markets at MDE Business School in Abidjan (Côte d’Ivoire) since 2011.

Experience in Investment Banking and Capital Markets
Having dedicated his entire career to capital markets, Dr. Soumahoro has accumulated over 25 years of diverse experience in the public and banking sectors. He notably served as Head of Research for BNP Paribas Emerging. Market Equity London and was Deputy Regional Director of an investment fund dedicated to Central and West Africa. Subsequently, as head of financial engineering at the National Investment Bank of Côte d’Ivoire, he was responsible for coordinating the structuring and implementation of strategic operations, including the restructuring of public companies, privatizations through the stock exchange, and supporting the State of Côte d’Ivoire in implementing resource mobilization operations on international and regional capital markets, as well as with multilateral and bilateral donors.

Role as Regulator and Reforms conducted on the WAEMU Regional Financial Market
Dr. Soumahoro concluded part of his career as a regulator, serving as Secretary General of the WAEMU Financial Markets Authority from 2013 to 2018. In this role, he played a pivotal part in the development of the regional financial market and in strengthening investor protection mechanisms. He notably led the strategic plan for the WAEMU regional financial market and spearheaded several reforms, including the system of financial penalties, the regulatory and operational framework for the securitization of receivables through FCTCs (Financial Trading Securities) with the introduction of Sukuk on the regional financial market, and the institutional transformation project that resulted in the renaming of the organization from CREPMF to AMF-UMOA, marking a key milestone in the evolution of financial regulation in the region. Dr. Soumahoro chaired the ECOWAS Association of Financial Market Regulators (WASRA) from 2015 to 2018.

During his tenure at AMF-UMOA, he was a member of several WAEMU regional steering committees , including the Supervisory Board of the WAEMU Securities Agency of the Central Bank (BCEAO), the Joint Secretariat of the Conference of Heads of State of WAEMU, the Group of Statutory Experts of WAEMU, the WAEMU Financial Stability Committee, the Ad hoc Committee for the Financing of WAEMU Economies, the Supervisory Committee of the WAEMU Financial Sector Development Program and the WAEMU Regional Financial Market Reform Committee.

Strategic Consulting Missions and Specific Mandates
Dr. Soumahoro’s expertise has been sought for high-level Advisory assignments. He has served as a technical advisor to key players in the Ivorian public sector, including the Director General of the Treasury and two Ministers of Finance and Budget. During his time in the ministerial cabinet, he coordinated the implementation of several fundraising operations on the capital market and contributed to major structural reforms, notably the structuring and creation of a new Department within the Ministry of Finance, in charge of resource mobilization and public debt management and the adoption of the “Law on the National Policy for Public Debt and Debt Management. He sats on the Boards of Directors of several state-owned companies chaired the management committee of the Large Business Support Fund (FSGE- COVID-19), endowed with 100 billion CFA francs to support the private sector companies impacted by COVID-19 trough loans and guarantees.

Current Position and Responsibilities
Since March 2024, Dr. Soumahoro Mory has held the position of Vice President in charge of Risk and Control at the ECOWAS Bank for Investment and Development (EBID). In his new role, he is primarily responsible for overseeing, leading, and implementing the institution’s overall risk management and control policy and strategy.