Banque Misr appointed a number of financial and investment experts to undertake the restructuring of Misr Financial Investment, a company it owns.
Misr Finance Investment is the investment arm of Banque Misr, and has an authorised capital of EGP 5bn, and a paid-up capital of EGP 4.2bn. The bank owns 99.999% of the company’s capital.
According to a statement issued by the bank, Misr Finance Investment is a leading investment bank in the region.
The statement explained that Khalil El-Bawab was appointed as the co-CEO and managing director of the company. El-Bawab has 20 years of experience in asset management and investment with the largest investment banks in Egypt and the Middle East, as well as managing the treasury of one of the largest banks in the Arab world.
Omar Radwan was appointed as the head of executive officers. Radwan has 21 years of experience in asset management, local and regional investment, strategic planning, and brokerage in securities and investor relations.
Omar Askar was also appointed as the investment first officer. He has been working for 20 years in asset management, treasury, regional and international trading, and securities analysis and direct investment.
According to the bank, the new company’s management will target many areas in the field of investment banks as well as non-banking financial activities, as investment is one of the most important sectors that the bank pays special attention to, since its inception in 1920.