Naguib Sawiris replaces Tamer El Mahdi as OIH CEO
MOVES- Orascom Investment Holding Executive Chairman Naguib Sawiris will assume the position of CEO after Tamer El Mahdi submitted his resignation, effective 31 December 2019, the company said in a bourse disclosure (pdf). Sawiris previously served as CEO of the group before he resigned in January 2017 and nominated El Mahdi to fill the vacancy. OIH subsidiaries include the investment bank Beltone Financial.
MOVES- Private equity firm BPE Partners has named Mostafa El Anwar as its new CEO in a statement (pdf). El Anwar has 18 years’ experience in investment management in both international and regional companies, and was part of Morgan Stanley’s M&A team in London before becoming BPE’s CEO.
MOVES- The European Investment Bank has tapped Alfredo Abadto head its Cairo office, according to a statement. Abad has over three decades of experience as a finance professional, and spent eight years as a senior executive in the African Development Bank, where he worked in Abidjan and Tunis, before joining the EIB in 2005.