Malick Diop, a seasoned financial executive, has been appointed CFO of Issa Rae’s Hoorae Media.
Diop has a strong history in M&A transactions, strategy creation, debt and equity capital raising, risk appraisal and mitigation, and financial modelling and forecasting. He holds an MBA in finance from the Wharton School and a bachelor’s degree from Morehouse College.
In her role as CFO, Diop will be in charge of establishing the financial and risk management operations for all of Rae’s business entities, including Hoorae Media and its divisions, Hoorae TV and Film; the “audio everywhere company,” Raedio; and ColorCreative, its management division, as well as her real estate portfolio under RaeBuilds. Diop’s new position will also require him to build and monitor KPIs, manage continuous financial development and monitoring, and assist in developing and implementing Hoorae’s operational and financial plan.
Diop has established his career “helping multibillion-dollar organisations achieve their financial goals, guided by three basic principles: good judgement, unshakeable integrity, and cautious fiscal stewardship,” according to an announcement announcing his appointment. With C-level executives, investors, and corporate boards, he is claimed to use a “rigorous approach” to financial modelling and strategy formulation that “engenders trust and rapport.”
After graduating from Morehouse in 2000, Diop started working as an investment banking analyst at J.P. Morgan Securities, where he witnessed both the peak and the trough of the dot-com bubble. He then accepted a senior credit analyst position with American International Group (AIG), where he collaborated with international engineering and construction companies on financial modelling and risk exposure for crucial capital projects. After receiving his MBA from Wharton, he joined Morgan Stanley’s financial institutions group in 2009.
Diop was a managing director in Morgan Stanley’s financial institutions investment banking group before joining Hoorae. He supervised the residential mortgage and real estate investment trust (REIT) sectors there and played significant leadership roles in the $2 billion initial public offerings of Rocket Mortgage and Gores Holdings IV and United Wholesale Mortgage. Additionally, he was the main advisor to the $5 billion worldwide consumer retail company’s majority shareholder.
- Malick Diop is appointed chief financial officer in Issa Rae’s Hoorae
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