Omran appointed as interim head of EFSA, awaits parliament approval for full-time appointment

MOVES- Former EGX Chairman Mohamed Omran has been named interim head of the Egyptian Financial Supervisory Authority (EFSA) until the House of Representatives reconvenes this fall and confirms his appointment. Speculation arose last week that Omran was being tapped for the job along with Deputy Justice Minister Khaled El Nashar who was reportedly being considered as Deputy Chairman of EFSA. Omran’s appointment has to be approved by Parliament. El Nashar is currently the deputy justice minister in charge of legislative affairs.