{"id":548351,"date":"2022-08-04T03:58:10","date_gmt":"2022-08-04T03:58:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/"},"modified":"2022-08-04T03:58:10","modified_gmt":"2022-08-04T03:58:10","slug":"efg-hermes-appoints-new-nbfi-ceo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/","title":{"rendered":"EFG Hermes appoints new NBFI CEO"},"content":{"rendered":"<p><strong>EFG Hermes\u2019 NBFI business gets a new boss: <\/strong>Our old friend Aladdin ElAfifi (<a href=\"https:\/\/www.linkedin.com\/in\/aladdin-elafifi-663167\">LinkedIn<\/a>) has been appointed CEO of EFG Hermes\u2019 non-bank financial institutions (NBFI) platform, succeeding Walid Hassouna (who is now <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6591df65-a815-40d1-9e03-06cacbd34245\">running the group\u2019s high-profile valU unit<\/a> full time), according to a <a href=\"https:\/\/ent.news\/2022\/8\/Alaadin-El-Afifi-CEO-Announcent-English.pdf\">press release (pdf)<\/a>. ElAfifi will assume responsibility for the bank\u2019s NBFI portfolio (with the exception of BNPL unit valU, where he will be a non-executive board member). ElAfifi has more than 23 years of experience at blue-chip companies including Goldman Sachs and Qalaa Holdings and most recently served as Pharos Holding\u2019s managing director and co-CEO. <a href=\"https:\/\/kashat.com.eg\/en\/\">Kashat<\/a> \u2014 Egypt\u2019s first nano-tech lending startup \u2014 launched in 2020 during ElAfifi\u2019s tenure at Pharos. He was also a co-founder of real estate management and advisory business, 46 Group in Cairo.<\/p>\n<p><strong>What they said:<\/strong> \u201cWith a strong leadership team, ElAfifi is set to implement the firm\u2019s strategy while further institutionalizing the business and readying it for potential monetization when the conditions are right,\u201d EFG said in the release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes\u2019 NBFI business gets a new boss: Our old friend Aladdin ElAfifi (LinkedIn) has been appointed CEO of EFG Hermes\u2019 non-bank financial institutions (NBFI) platform, succeeding Walid Hassouna (who is now running the group\u2019s high-profile valU unit full time), according to a press release (pdf). ElAfifi will assume responsibility for the bank\u2019s NBFI portfolio [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[2210,84,72,206,595,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548351","post","type-post","status-publish","format-standard","hentry","category-moves","tag-aladdin-elafifii","tag-efg-hermes","tag-enterpriseam","tag-moves","tag-non-banking-financial-services","tag-valu","wpautop","entry"],"acf":{"mongo_id":"76c69fb7-3184-4746-b562-c4d0198c320c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548338],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes appoints new NBFI CEO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes appoints new NBFI CEO\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes\u2019 NBFI business gets a new boss: Our old friend Aladdin ElAfifi (LinkedIn) has been appointed CEO of EFG Hermes\u2019 non-bank financial institutions (NBFI) platform, succeeding Walid Hassouna (who is now running the group\u2019s high-profile valU unit full time), according to a press release (pdf). ElAfifi will assume responsibility for the bank\u2019s NBFI portfolio [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-04T03:58:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes appoints new NBFI CEO\",\"datePublished\":\"2022-08-04T03:58:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aladdin ElAfifii\",\"EFG Hermes\",\"EnterpriseAM\",\"moves\",\"non-banking financial services\",\"ValU\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/\",\"name\":\"EFG Hermes appoints new NBFI CEO - 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ElAfifi will assume responsibility for the bank\u2019s NBFI portfolio [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-08-04T03:58:10+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFG Hermes appoints new NBFI CEO","datePublished":"2022-08-04T03:58:10+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/"},"wordCount":174,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Aladdin ElAfifii","EFG Hermes","EnterpriseAM","moves","non-banking financial services","ValU"],"articleSection":["Moves"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/","name":"EFG Hermes appoints new NBFI CEO - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-08-04T03:58:10+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/efg-hermes-appoints-new-nbfi-ceo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFG Hermes appoints new NBFI CEO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":548454,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/dalia-khorshid-appointed-beltone-ceo\/","url_meta":{"origin":548351,"position":0},"title":"Dalia Khorshid appointed Beltone CEO","author":"enterpriseam admin","date":"9 August 2022","format":false,"excerpt":"Former investment minister and Masar chairwoman Dalia Khorshid (LinkedIn) has been appointed the new managing director and CEO of Beltone Financial effective today, Hapi Journal reports. The decision was made at a board meeting yesterday called by the company\u2019s new majority shareholder Chimera Investments which acquired a 56% stake last\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548105,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/","url_meta":{"origin":548351,"position":1},"title":"valU gets Walid Hassouna\u2019s full attention","author":"enterpriseam admin","date":"26 July 2022","format":false,"excerpt":"valU has Walid Hassouna\u2019s full attention: Walid Hassouna is leaving his position as CEO of EFG Hermes\u2019 Non-Bank Financial Institutions (NBFI) platform to dedicate himself full-time to his role as CEO of its buy-now-pay-later (BNPL) platform valU, according to a press release (pdf). \u201cThe decision to appoint Hassouna as CEO\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587448,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/efg-hermes-holding-is-now-efg-holding\/","url_meta":{"origin":548351,"position":2},"title":"EFG Hermes Holding is now EFG Holding","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"EFG Hermes Holding has officially rebranded to EFG Holding after the company\u2019s shareholders signed off on the change during last week\u2019s annual general meeting, according to a statement (pdf). The rebrand \u201creflects EFG Holding\u2019s growth from one of Egypt\u2019s first pure-play, independent investment banks to what is now a financial\u2026","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/earnings-efg-hermes-contact-financial-elsewedy-electric-report-strong-1q-2022-results\/","url_meta":{"origin":548351,"position":3},"title":"Earnings: EFG Hermes, Contact Financial, Elsewedy Electric report strong 1Q 2022 results","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"EFG Hermes\u2019 net income rose 18% y-o-y to EGP 345 mn in 1Q 2022, the bank said in its earning release (pdf) yesterday. Revenues were up 55% y-o-y to EGP 1.9 bn. Revenue growth was underpinned by a strong quarter for EFG\u2019s core businesses despite a challenging operating environment. Top\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597668,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/efg-holding-net-income-rises-20-y-o-y-in-2q-2023\/","url_meta":{"origin":548351,"position":4},"title":"EFG Holding net income rises 20% y-o-y in 2Q 2023","author":"enterpriseam admin","date":"13 August 2023","format":false,"excerpt":"The group\u2019s investment banking, commercial banking and non-bank financial services arms all reported revenue growth","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/530.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617419,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/21\/efg-holding-posts-a-record-egp-14-7-bn-revenues-in-2023\/","url_meta":{"origin":548351,"position":5},"title":"EFG Holding posts a record EGP 14.7 bn revenues in 2023","author":"enterpriseam admin","date":"21 March 2024","format":false,"excerpt":"Growth was underpinned by robust growth across EFG Hermes, aiBank, and Valu","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1885.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548351"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548351\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548351"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548351"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}