EFG Hermes Saudi appoints new CEO + Aspire Capital gets a new non-exec chair
Saud Altassan (LinkedIn) has been appointed as the CEO of EFG Hermes, Saudi, according to a press release (pdf) out yesterday. Altassan joins EFG Hermes’ operations in the kingdom from Bank of America, where he served as the head of investment banking for KSA. He was previously CEO of Swicorp and also held M&A positions at Saudi Arabia’s National Commercial Bank (NCB) Capital’s investment banking JV with Goldman Sachs and others.
Aspire Capital Holding has appointed Hanaa El Hilaly (LinkedIn) as non-executive chairwoman, according to a disclosure to the EGX (pdf). El Hilaly is a member of the board of trustees of Al Tadamun Microfinance Foundation and a board member in the SMEs Association. She served as the secretary general of the Social Fund for Development (SFD) for over 12 years is a 25-year veteran of the banking industry.