The New Development Bank has named South African official Monale Ratsoma as vice-president and chief risk officer with immediate effect, the National Treasury said on Monday. The multilateral lender, founded by Brazil, Russia, India, China and South Africa, did not disclose his term or detailed portfolio in the announcement.
The risk role is central as the bank expands lending to member countries and new partners amid higher global borrowing costs and geopolitical uncertainty. Stronger South African representation in senior management may help align project pipelines and governance with regional priorities, while putting added focus on credit quality, environmental and social safeguards, and currency risk across its portfolio.
Attention now shifts to how Ratsoma shapes the bank’s risk appetite, updates its internal frameworks, and engages with ratings agencies and funding markets. Watch for forthcoming policy statements, any revisions to underwriting standards, and signals on the pace of approvals for projects in South Africa and other member states.
For more detail, read the full announcement.