Admassu Tadesse is an international banker specialized in development finance with experience at board of director and executive-levels globally and in Africa.
He is currently the President and Chief Executive of the Eastern and Southern Trade and Development Bank (TDB) – formerly known as PTA Bank. Since he has joined the Bank in 2012, Mr. Tadesse has spearheaded critical reforms which have led TDB to transform its ownership and risk management structures, expand its partners network, grow its assets from US$ 1 billion to nearly US$ 5.6 billion, and drive higher impact in the 22 Member States it serves.
Specialized in trade and project finance, TDB covers 22 countries from Egypt to Mozambique and Eswatini. It has 37 shareholders, both sovereigns and financial institutions, including the African Development Bank, People’s Bank of China, OFID of OPEC, BADEA, as well as several pension funds, and insurance companies.
Over the past 6 years, the Bank has enjoyed several rating upgrades, its capital and funding have increased by over 400%, and as a result of its work, over 1.1 million jobs have been created. The Bank is now investment grade-rated and one of the leading financial institution in the region.
Previously, Mr. Tadesse was Executive Vice President at the Development Bank of Southern Africa (DBSA), where he served for over 10 years, and among other portfolios, was responsible for international finance and corporate strategy. Prior to this, he worked as a senior advisor and specialist with various funds and international organizations in New York. He is a recipient of several distinctions and awards and serves on several boards and industry bodies globally. Mr. Tadesse holds an MSc from London School of Economics, and an MBA from Wits Business School. He is also an alumnus of Harvard Business School and Western University, and has trained at INSEAD.