{"id":563308,"date":"2021-06-27T04:00:20","date_gmt":"2021-06-27T04:00:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/"},"modified":"2021-06-27T04:00:20","modified_gmt":"2021-06-27T04:00:20","slug":"cib-ceo-hussein-abaza-named-managing-director","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/","title":{"rendered":"CIB CEO Hussein Abaza named managing director"},"content":{"rendered":"<p><strong>CIB CEO Hussein Abaza (<\/strong><strong><a href=\"https:\/\/www.cibeg.com\/en\/about-us\/board-of-directors\/executive-director-mr-hussein\">bio<\/a><\/strong><strong>) has assumed the additional role of managing <\/strong><strong>director at the bank<\/strong>, following the Central Bank of Egypt\u2019s approval, the bank said in a <a href=\"https:\/\/www.cibeg.com\/en\/newsroom\/news\/2021-6-24-hussein-abaza-managing-director\">statement<\/a>. Hussein has served as the bank\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/15\/what-were-tracking-on-15-march-2017\/\">CEO since March 2017<\/a>, having previously been CEO for institutional banking. He has also served as the bank\u2019s chief risk and operations officers and from 1995 through 2001 was head of research and then MD for asset management at EFG Hermes. Hussein is also a member of CIB\u2019s board of directors.<\/p>\n<p><strong>Mohamed Omar Al Farouk Galal has joined the board of Heliopolis Housing<\/strong>, replacing Hassan Mahmoud Hassan Hussein who stepped down from the position in March, according to an <a href=\"https:\/\/ent.news\/2021\/6\/Heliopolis-Housing-Mohamed-Omar.pdf\">EGX disclosure (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIB CEO Hussein Abaza (bio) has assumed the additional role of managing director at the bank, following the Central Bank of Egypt\u2019s approval, the bank said in a statement. Hussein has served as the bank\u2019s CEO since March 2017, having previously been CEO for institutional banking. He has also served as the bank\u2019s chief risk [&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":[204,240,72,157,206,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563308","post","type-post","status-publish","format-standard","hentry","category-moves","tag-banking","tag-cib","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-moves","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"f94fa53c-9791-4c63-a7fe-eb63b72be135","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563293],"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>CIB CEO Hussein Abaza named managing director - 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\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB CEO Hussein Abaza named managing director\" \/>\n<meta property=\"og:description\" content=\"CIB CEO Hussein Abaza (bio) has assumed the additional role of managing director at the bank, following the Central Bank of Egypt\u2019s approval, the bank said in a statement. Hussein has served as the bank\u2019s CEO since March 2017, having previously been CEO for institutional banking. He has also served as the bank\u2019s chief risk [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-27T04:00:20+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\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB CEO Hussein Abaza named managing director\",\"datePublished\":\"2021-06-27T04:00:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"CIB\",\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"moves\",\"real estate\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\",\"name\":\"CIB CEO Hussein Abaza named managing director - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-06-27T04:00:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB CEO Hussein Abaza named managing director\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CIB CEO Hussein Abaza named managing director - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/","og_locale":"en_US","og_type":"article","og_title":"CIB CEO Hussein Abaza named managing director","og_description":"CIB CEO Hussein Abaza (bio) has assumed the additional role of managing director at the bank, following the Central Bank of Egypt\u2019s approval, the bank said in a statement. Hussein has served as the bank\u2019s CEO since March 2017, having previously been CEO for institutional banking. He has also served as the bank\u2019s chief risk [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-06-27T04:00:20+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\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CIB CEO Hussein Abaza named managing director","datePublished":"2021-06-27T04:00:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/"},"wordCount":125,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["banking","CIB","EnterpriseAM","Heliopolis Housing and Development","moves","real estate"],"articleSection":["Moves"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/","name":"CIB CEO Hussein Abaza named managing director - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-06-27T04:00:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/cib-ceo-hussein-abaza-named-managing-director\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CIB CEO Hussein Abaza named managing director"}]},{"@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":643889,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/hisham-ezz-al-arab-to-take-over-from-hussein-abaza-as-cibs-new-ceo\/","url_meta":{"origin":563308,"position":0},"title":"Hisham Ezz Al Arab to take over from Hussein Abaza as CIB\u2019s new CEO","author":"enterpriseam admin","date":"17 September 2024","format":false,"excerpt":"The changes are pending regulatory approvals","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\/2024\/9\/1233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575709,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/25\/central-bank-says-cib-remains-prudentially-sound-depositor-funds-are-secure-as-ezz-al-arab-steps-down-in-wake-of-probe-by-regulator\/","url_meta":{"origin":563308,"position":1},"title":"Central bank says CIB \u201cremains prudentially sound,\u201d depositor funds are secure as Ezz Al Arab steps down in wake of probe by regulator","author":"enterpriseam admin","date":"25 October 2020","format":false,"excerpt":"Central bank says CIB \u201cremains prudentially sound,\u201d depositor funds are secure as Ezz Al Arab steps down in wake of regulatory probe. Long-time CIB Chairman and Managing Director Hisham Ezz Al Arab resigned on Friday after the Central Bank of Egypt (CBE) said an audit found \u201cregulatory, compliance and governance\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572653,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/cib-gets-usd-100-mn-in-tier-2-capital-from-uk-investment-group-cdc\/","url_meta":{"origin":563308,"position":2},"title":"CIB gets USD 100 mn in tier 2 capital from UK investment group CDC","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"DEBT WATCH- UK\u2019s CDC provides CIB with USD 100 mn in tier 2 capital: Leading private sector bank CIB has received USD 100 mn in tier 2 capital under a financing agreement with UK government\u2019s development finance arm, CDC Group, according to a British embassy statement. The facility, for which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575748,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/institutional-investors-research-houses-hold-the-line-on-cib\/","url_meta":{"origin":563308,"position":3},"title":"Institutional investors, research houses hold the line on CIB","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"Institutional investors, research houses hold the line on CIB amid selling pressure from retail investors following Ezz Al Arab\u2019s resignation. Four research houses have affirmed their ratings on CIB after Hisham Ezz Al Arab stepped down on Friday as chairman and managing director following a probe by the Central Bank\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639031,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/cib-feted-at-dinner-with-investors-corporates-journos-in-london\/","url_meta":{"origin":563308,"position":4},"title":"CIB feted at dinner with investors, corporates, journos in London","author":"enterpriseam admin","date":"19 October 2017","format":false,"excerpt":"CIB feted at dinner with investors, corporates and journos in London: On Monday evening, Egypt\u2019s ambassador to the UK, Nasser Kamel, held a dinner at his London residence in honour of CIB and the bank's contributions to business and the nation\u2019s economy. Among those in attendance were senior executives from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570211,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/23\/banque-misrs-el-etreby-named-feb-chairman\/","url_meta":{"origin":563308,"position":5},"title":"Banque Misr\u2019s El Etreby named FEB chairman","author":"enterpriseam admin","date":"23 March 2020","format":false,"excerpt":"MOVES- Banque Misr\u2019s El Etreby named FEB chairman: Banque Misr Chairman MohamedEl Etreby has been selected to succeed CIB\u2019s Hisham Ezz El Arab as the chair of the Federation of Egyptian Banks for a three-year term, according to Masrawy. National Bank of Egypt Chairman Hisham Okasha will serve as El\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563308","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=563308"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563308\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563293"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563308"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563308"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}