MANAMA: Arab Banking Corporation (Bank ABC) has announced the appointment of Amr Tharwat as the new managing director and chief executive of its Bank ABC Egypt franchise.
The announcement follows the board of Bank ABC Egypt’s approval of the appointment.
Mr Tharwat brings to the role over 26 years of substantial local and regional corporate and investment banking experience gained from a variety of senior positions in MENAT.
He joins from HSBC, where he has worked for over 15 years, out of which he spent seven years in Egypt as the head of global banking, and the remainder based in Dubai covering the region.
Mr Tharwat was most recently the MD, deputy head of global banking and head of corporate banking MENAT for HSBC out of Dubai.
He holds a master’s degree in finance from Cass Business School in London and is a graduate of the American University in Cairo with a major in economics and a minor in political science.
Mr Tharwat joins Bank ABC Egypt at a pivotal moment of growth, amid the final stages of Bank ABC Group’s acquisition of BLOM Bank Egypt.
The acquisition was closed on August 11; the bank is now working towards the integration of BLOM Bank Egypt into Bank ABC Egypt.
Bank ABC Egypt chairman Dr Yousef Al Awadi commented, “Amr brings a diverse strategic and operational perspective to Bank ABC Egypt. He has an excellent track record, and we are confident that he will be a great addition to our team in Egypt.”
Mr Tharwat is expected to begin his tenure on September 26.
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