CIB is pleased to announce that Mr. Hussein Abaza has been appointed Chief Executive Officer of the bank and named a member of the Board of Directors, a position which was vacant since April 27th, 2016. As CEO, Mr. Abaza is now responsible for the bank's strategy and operations across all functions.
His appointment was made on the recommendation of the Board and has been approved by the Central Bank of Egypt.
Mr. Abaza is a career banker with more than 30 years of experience in the financial services industry — including both commercial and investment banking — and is well-known in the global financial community. From October 2011 until his appointment today, he was CEO for Institutional Banking at CIB. He has previously served as the bank's Chief Risk Officer and Chief Operating Officer and began his journey with CIB in 1985, when we were known as Chase National Bank of Egypt.
CIB would also like to announce that Mr. Amr EL Ganainy will assume the role of Acting CEO Institutional Banking pending regulatory approvals.