The Central Bank of Egypt has reportedly appointed Tarek Fayed (LinkedIn) as CEO of United Bank, Al Mal reports citing sources with knowledge of the matter. Fayed will take over from Ashraf El Kady (LinkedIn) following his resignation after nearly a decade leading the bank. Fayed previously served as the CEO of Banque du Caire, prior to that he held positions at the Central Bank of Egypt and Citibank. He will begin his tenure at the bank next month.
United Bank to welcome new CEO following El Kady’s resignation
Tarek Fayed will replace Ashraf El Kady, who has led the bank since 2016