AKEF ABDELLATIF ELMAGHRABY
Cairo,C
Overview
26
26
years of professional experience
Work History
Chief Executive Officer and Managing Director
Suez Canal Bank
04.2024 - Current
Vice Chairman
Banque Misr
08.2016 - 03.2024
- Responsible for running all the business areas including the Corporate Bank, Treasury, International Business, Retail, SMEs, Investments Islamic Financing, Global Transactions Business, Regions & Branches, and Financial Inclusion
- As a Vice Chairman of Banque Misr, I have extensive experience in the banking industry and a deep understanding of the challenges and opportunities facing businesses in today’s global economy
- Proving track record of leadership and strategic thinking, as well as a commitment to promoting economic growth and development, specially through Digital Transformation
- Being passionate about creating opportunities for businesses to thrive.
Corporate and Investment Bank Head - Egypt
Citibank N.A., Egypt
02.2013 - 07.2016
- Doubled the assets portfolio and grew revenues by 50% in 2015
- Key transaction: National Bank of Egypt benchmark Bond — In progress $1.5bn 144A/RegS bond maturing 2025 for the Government of Egypt
- Bond was awarded «Nonlnvestment Grade Bond/Sukuk Deal of the Year» by Middle East Awards
- 2015
- $390million 3 year Club Loan for National Bank of Egypt - MLA - 2015
- $150miIIion EGPC 2 year Import Financing Facility — MLA - 2015
- $2bn Cash confirmation letter for Orascom Construction Industries ('OCI') Mandatory Tendor Offer - 2013
- $1.9bn Municipal Bond for IOWA Fertilizers Company (Subsidiary of OCI)- 2013
Corporate and Investment Bank — Bahrain + Saudi Corporates
Citibank N.A. Egypt
08.2010 - 01.2013
- Covering Bahraini clients and large corporate relationships in Saudi Arabia, such as SABIC, Aramco, Hariri Group and SAMA
- Citi Bahrain won 'Best Foreign Investment Bank Award' for 2 consecutive years by EMEA Finance (201 1/2012)
- Responsible for a portfolio with total facilities approved exceeding $3bn including public sector entities, banks, investment companies, sovereign wealth funds, central banks and large corporate.
Vice President Corporate Finance and Investment Banking
Citibank N.A., Egypt
08.2000 - 08.2010
- Origination and execution of Debt and Equity Capital Markets transactions
- Developing strategic capital structure related dialogues with key banking clients and providing them with financial advice, in coordination with the different product groups.
Relationship Manager — Corporate banking
Citibank N.A., Egypt
11.1998 - 07.2000
- Managed a portfolio of top-tier bank relationships in diverse industries including: Al Ezz Steel Group, Mansour Group, Oriental Weavers Group, Coca Cola, Sanofi Aventis, and Vodafone
- Responsible for the cross sell of the bank's products, including credit facilities, treasury, trade, corporate finance and cash management solutions to its clients
- Successfully acquired several new relationships to the bank.
Education
MBA -
The American University in Cairo
01.2002
Bachelor of Arts - Accounting and Finance
The American University in Cairo
01.1998
Skills
- Consulting
- Policy Development
- Contract Management
- Strategic Planning
- Organizational Management
- Business Planning
Currentpositiondescription
Responsible for running all the business areas including the Corporate Bank, Treasury, International Business, Retail, SMEs, Investments Islamic Financing, Global Transactions Business, Regions & Branches, and Financial Inclusion. As a Vice Chairman of Banque Misr, I have extensive experience in the banking industry and a deep understanding of the challenges and opportunities facing businesses in today’s global economy. Proving track record of leadership and strategic thinking, as well as a commitment to promoting economic growth and development, specially through Digital Transformation. Being passionate about creating opportunities for businesses to thrive.
Currentpositionachievements
- Led the full transformation of the bank into a customer centric and agile institution by focusing on a customer and data led customer journey.
- Establishment if the digital factory, and introduced many applications of AI to the bank various activities
- Established the first independent digital bank in the market (pending final operational license by the Central Bank of Egypt
- Led to the acquisition of CI Capital, the second largest Investment Banking and NBFI company with activities spanning leasing, micro finance, consumer lending and mortgage finance
Previouspositions
- Corporate and Investment Bank Head, Citibank N.A., Egypt, 2013-02-01, 2016-07-01
- Corporate and Investment Bank, Citibank N.A. Egypt, 2010-08-01, 2013-01-01, Covering Bahraini clients and large corporate relationships in Saudi Arabia, such as SABIC, Aramco, Hariri Group and SAMA
- Vice President Corporate Finance and Investment Banking, Citibank N.A., Egypt, 2000-08-01, 2010-08-01, Origination and execution of Debt and Equity Capital Markets transactions. Developing strategic capital structure related dialogues with key banking clients and providing them with financial advice, in coordination with the different product groups.
- Relationship Manager, Citibank N.A., Egypt, 1998-11-01, 2000-07-01, Managed a portfolio of top-tier bank relationships in diverse industries including: Al Ezz Steel Group, Mansour Group, Oriental Weavers Group, Coca Cola, Sanofi Aventis, and Vodafone
- Credit Analyst, Citibank N.A., Egypt, Prepared credit approval packages and industry studies and presented them to senior Branch Credit Committee members for their approval.
Shorttermassignments
- Power, Energy, Chemicals. Metals and Mining (PECM) Industry Team, London, 2008, Worked with Citi's EMEA PE-CM team on providing specialized industry input on debt transactions as well as redefining Citigroup's Energy Target Market strategy, working with the global energy head
- Rating Advisory Services, London, 2007, Three months with Citigroup's EMEA Ratings Advisory Services team coordinating with credit agencies and advising companies on their credit ratings.
- Global Relationship Management, Amsterdam, 2001, Assisted the Branded Consumer relationship team in Amsterdam in managing Heineken and Unilever accounts in a 3-month rotation program
Currentposition
Vice Chairman, Banque Misr, 2016-08-01, 2024-03-01
Businessexperience
- Chief Executive Officer and Managing Director, Suez Canal Bank, 2024-04-01, Present
- Chairman, Misr Digital Innovations Co.
- Chairman, Misr Capital Co. S.A.E.
- Board Member, Banque Misr Liban S.A.L.
- Board Member, Misr Insurance Holding Co S.A.E
- Board Member, Egyptian Banking Institute
- Board Member, Egypt Air Holding Co.
- Board Member, ITIDA
- Board Member, Africa 50
- Board Member, Altera
- Board Member, Midar
- Board Member, CI Capital Co
- Board Member, Egypt Towers Co
- Board Member, Misr for Investment and Export Development
- Board Member, MCI Capital Healthcare
- Board Member, The American Chamber of Commerce (AmCham)
Personal Information
Nationality: Egyptian
Timeline
Chief Executive Officer and Managing Director
Suez Canal Bank
04.2024 - Current
Vice Chairman
Banque Misr
08.2016 - 03.2024
Corporate and Investment Bank Head - Egypt
Citibank N.A., Egypt
02.2013 - 07.2016
Corporate and Investment Bank — Bahrain + Saudi Corporates
Citibank N.A. Egypt
08.2010 - 01.2013
Vice President Corporate Finance and Investment Banking
Citibank N.A., Egypt
08.2000 - 08.2010
Relationship Manager — Corporate banking
Citibank N.A., Egypt
11.1998 - 07.2000
MBA -
The American University in Cairo
Bachelor of Arts - Accounting and Finance
The American University in Cairo
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