Prof. Issouf SOUMARÉ, ISE, Ph.D., FRM, PRM, ASC

Prof. Issouf SOUMARÉ is President-Founder of the INSTITUTE SOUMARE OF FINANCE and SOUMARÉ UNIVERSITY. He is a financial economist, with more than 20 years of experience, specialized in financial engineering, international finance, development finance and risk management. He regularly provides advisory services and capacity building seminars for public and private organisations in Africa.

Prof. SOUMARÉ is Full Professor of Finance and the Director of the Laboratory for Financial Engineering of Université Laval (LABIFUL) in Canada. He is also Co-President of the Pan-African Institute for Economic and Financial Governance (IPAGEF). From 2012 to 2020, he was the Director of International Relations of the Faculty of Business Administration at Université Laval in Canada. In 2011-2012, he was the Director of the Ph.D. and M.Sc. research programs of the same Business School. He worked for the African Development Bank (ADB) at the former Risk Management Unit from 1996 to 1998.

He is President of the Scientific Council of ENSEA (Abidjan, Côte d’Ivoire). He is a Resource Person for the African Economic Research Consortium (AERC), member of the Scientific Council of the Moroccan Financial Market Authority (AMMC), member of the Programme Steering Committee of FSD WAEMU and member of the Scientific Committee of the “Revue Économique et Monétaire” of the Central Bank of West African States (BCEAO). He is also part of the consortium of researchers on the “FCDO-ESRC Growth Research Programme Call 3: ESRC Ref. ES/N013344/1; Research Project: Delivering Inclusive Financial Development & Growth in Africa (Consortium led by Prof. Victor Murinde, SOAS University of London, UK, 2016-2021).” His research and teaching interests include international finance, financial inclusion, risk management, financial engineering and quantitative finance.

Prof. SOUMARÉ is the author of the book « Prise de Décision Financière » published by the Presses de l’Université Laval (Quebec, Canada) in 2021. He is also co-authored of the book “Foreign Direct Investment and Economic Development in Africa » published by Cambridge Scholars Publishing. He is also co-authored the book in risk management and financial engineering « Simulations Stochastiques et Applications en Finance avec Programmes Matlab » published by Economica (French version) and « Stochastic Simulation and Applications in Finance with Matlab Programs » published by Wiley (English version). Also, his theoretical and applied financial economic works have been published in leading international economics and finance journals. Prof. SOUMARE has also been a speaker and/or facilitator at several international conferences around the World.

Prof. SOUMARÉ holds a Ph.D. in Business Administration in Finance from the University of British Columbia (UBC, Canada), M.Sc. in Financial Engineering from Université Laval (Canada), M.Sc. in Statistics and Quantitative Economics (Ingénieur Statisticien Économiste) from ENSEA and M.Sc. & B.Sc. in Applied Mathematics from Université Félix Houphouët-Boigny (Abidjan, Côte d’Ivoire). Prof. SOUMARÉ is also a certified PRM (Professional Risk Manager, PRMIA) and FRM (Financial Risk Manager, GARP). He is ASC (Chartered Director) from the College des Administrateurs de Sociétés (Directors’ College) of Université Laval. He is bilingual in both French and English.

Prof. SOUMARÉ has visited various countries during his professional activities, including: Belgium, Benin, Burkina Faso, Canada, Chad, China, Côte d’Ivoire, Ethiopia, France, Ghana, Guinea, Ireland, Kenya, Mali, Mauritius, Morocco, Netherlands, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Tunisia, Thailand, Uganda, United Kingdom, USA and Zambia.

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