Issa Rae’s Hoorae Names Malick Diop as Chief Monetary Officer

Issa Rae’s Hoorae Media has named veteran monetary government Malick Diop as chief monetary officer.

As CFO, Diop will probably be accountable for setting the monetary and threat administration operations for all of Rae’s enterprise entities, together with Hoorae Media and its divisions — Hoorae TV and Movie; the “audio in all places firm,” Raedio; and ColorCreative, its administration division, alongside together with her actual property portfolio beneath RaeBuilds. In his new function, Diop may even assist develop and execute Hoorae’s monetary and operational technique, create and observe KPIs and oversee the continuing improvement and monitoring of the corporate’s financials.

With an MBA in finance from the Wharton College and an undergraduate diploma from Morehouse Faculty, Diop has an intensive background in M&A transactions, technique improvement, debt and fairness capital elevating, threat analysis and mitigation, and monetary modeling and forecasting.

In accordance with a launch saying Diop’s appointment, the chief has constructed his profession “serving to multibillion-dollar firms obtain their monetary targets, guided by three core rules: sound judgement, unwavering integrity and prudent fiscal stewardship.” He’s mentioned to use a “rigorous strategy” to monetary modeling and technique improvement that “engenders belief and rapport” with C-level leaders, buyers and company boards.

Previous to becoming a member of Hoorae, Diop was a managing director in Morgan Stanley’s monetary establishments funding banking observe. There, he oversaw the group’s mortgage and residential mortgage actual property funding belief (REIT) sectors and performed key management roles in Rocket Mortgage’s $2 billion IPO and the $16 billion merger between United Wholesale Mortgage and Gores Holdings IV. He additionally served as the first advisor to the bulk shareholder of a $5 billion world client retail enterprise.

Diop started his profession in 2000, following his commencement from Morehouse, as an funding banking analyst at J.P. Morgan Securities, the place he skilled each the crest and the crash of the dot-com bubble. He subsequent took on a senior credit score analyst function with American Worldwide Group (AIG), the place he labored with world development and engineering companies on monetary modeling and threat publicity for high-stakes tasks and capital investments. He joined Morgan Stanley’s monetary establishments group in 2009 after incomes his MBA from Wharton.