Hisham Ezz Al-Arab
Chairman and Managing Director
Mr. Hisham Ezz Al-Arab has been leading CIB since 2002 as Chairman and Managing Director. Under his leadership, CIB expanded its leading position, grew its market capitalization from $200m to $4billion, and developed from a wholesale lender into the full-fledged financial institution it is today. His vision transcended financial performance to include the adoption of best practice in corporate governance, and risk management and the buildup of a modern banking culture. With that effort CIB stock is now viewed by the international investment community as a proxy stock for Egypt and the benchmark for its banking industry.
Mr. Ezz Al-Arab was unanimously elected the Chairman of the Federation of Egyptian Banks in March 2013. He is the first private sector banker to ever assume such accolade. Mr. Ezz Al-Arab is a Director in MasterCard Middle East & Africa Regional Advisory Board since June 2007 and a principal member of the American Chamber of Commerce. For his distinguished work and clear support for education, he was elected as a member of the Board of Trustees of the American University in Cairo (AUC) in November 2012. His passion to give back to society culminated in the establishment of the CIB Foundation in 2010 dedicated to lifting underprivileged children in Egypt whom Mr. Ezz Al-Arab is also the Founder and Chairman of the Board of Trustees.
Mr. Ezz Al-Arab began his career in 1977, as a fresh graduate from Cairo University, in banking in Egypt before he moves in 1983 to pursue his thriving international career with global banks in London and New York. He held the position of Managing Director JP Morgan, London and Managing Director, Deutsche Bank, London before Joining CIB in 1999 as Deputy Managing Director and Board Member in 2001.
Chief Executive Officer, Institutional Banking
Mr. Hussein Abaza is currently CEO of Institutional Banking, a position that he assumed in Oct. 2011. Prior to taking over Institutional Banking, Mr. Abaza was CIB’s Chief Operating Officer, Chairman of CIAM and a member of the High Lending and Investment Committee, the Board Risk Committee and the Board of the CI-Capital Holding Company.
In addition to those positions, Mr. Abaza has a long history at CIB where, as General Manager and Chief Risk Officer, he was responsible for bank-wide Credit, Market and Operational Risk, and Investor Relations. Outside of CIB, Mr. Abaza worked as Head of Research at EFG-Hermes Asset Management from March 1995 until October 1999. Mr. Hussein Abaza graduated with a B.A. in Business Administration from the American University in Cairo in 1984, after which he worked at Chase National Bank of Egypt and underwent intensive training in Belgium, Switzerland, London and New York.
Chief Operating Officer
Mr. Mohamed Sultan the Chief Operating Officer assumed this role in February 2015. He has joined CIB as Head of Consumer Operations in 2008, and within six months Mr. Sultan was appointed as Head of Operations Group.
Under his leadership and management significant developments within the Operations Group took place, which resulted in major expansions within the Operations Area. This was achieved by merging several areas under Operations, including, Corporate Services Alternative Channels, and Projects & Premises.
In his continuous efforts to enhance the bank’s internal and external customer experience in alignment with CIB’s overall objectives and strategic goals, multiple departments have been established under CIB operations including Treasury Middle Office, Operations Control Management, Retail Operations, and Customer Care Unit.
Following Mr. Sultan insightful vision, Business Continuity & Information Security Management department headed by the Chief Security Officer, as well as the Sustainability Department were established, positioning CIB as the pioneer and leader in these fields among other financial institutions in the market.
Prior to joining CIB, Sultan held the positions of Vice President of Branches Operations & Control Management at Mashreq Bank and The Country Operations Head at National Bank of Oman. Sultan has attended several leadership programs in Top Business schools and is also an alumni of INSEAD.