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Thursday, 25 August 2022

CBE governor Hassan Abdalla appoints banking veterans Hisham Ezz Al Arab + Mohamed Naguib as advisors

Hisham Ezz Al Arab, Mohamed Naguib are advising the new CBE governor: Central Bank of Egypt (CBE) Acting Governor Hassan Abdalla has appointed banking industry veterans Hisham Ezz Al Arab (LinkedIn) and Mohamed Naguib (LinkedIn) as his advisors, local media are reporting. The decision came during Abdalla’s meeting with senior bankers yesterday. Ezz Al Arab acknowledged the news on social media, writing: “May God grant us success in this task, and I am sure, God willing, of success despite the challenges.”

About Ezz Al Arab: The former chairman and managing director of leading private-sector bank CIB, Ezz Al Arab was one of the names floated for the top position at the CBE following Tarek Amer’s resignation last week. The industry veteran led CIB to its position as Egypt’s leading home-grown bank in everything from profitability to sustainability. Ezz Al Arab had previously spent a little under two years as managing director at Deutsche Bank, seven years as managing director at JPMorgan, and more than three years as assistant vice president at Merrill Lynch. Last year, he founded HE Advisory, where he continues to serve as managing partner.

About Naguib: Naguib has served on the boards of a number of banks and corporations — including Incolease, GB Auto and Banque Misr — in Egypt throughout his nearly 40 years of experience in banking, leasing and credit. He was chairman and managing director of SAIB Bank between 2011 and 2018, after serving as vice chairman and head of the credit and investment committee at Banque Misr. He was also the general manager of credit and marketing at Misr International (MIBank) for over 20 years.

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