Published: February 1, 2022
The new chief executive, previously CRO at GuarantCo’s parent company, will be focusing on climate resilience and building capacity on the ground.
In mid-January, Layth Al-Falaki started his new role as chief executive officer of GuarantCo. An experienced banking professional, Al-Falaki most recently served as chief risk officer (CRO) at GuarantCo’s parent company Private Infrastructure Development Group (PIDG). He joins the company at a time when its goals - alleviating poverty and addressing climate change – seem more salient than ever.
“I'm delighted to take the reins, as I really see the power of GuarantCo,” Al-Falaki tells EMEA Finance. “The mission that it has is absolutely critical. I think it's rare in life that you get the opportunity to earn a living doing something that is going to change people's lives and bring them out of poverty.”
Established in 2005, GuarantCo enables infrastructure development in lower income countries across Africa and Asia. It seeks to mobilise private sector investment into these projects, as well as supporting the development of the local capital markets.