Executive Management Team
Mr. Tarek Fayed
Chairman & Chief Executive Officer
Holding the position of Chairman and CEO at Banque du Caire, Mr. Fayed has more than 31 years of banking experience in a variety of fields including but not limited to banking supervision, risk management, and corporate and investment banking.
Mr. Fayed is currently a board member of the Federation of Egyptian Banks, board member of the Union of Arab banks, and a non-executive board member of the Egyptian Credit Bureau I-Score, Credit Guarantee Company (CGC), and Cairo Leasing Corporation (CLC), the bank’s Non-Banking Financial Institution arm.
Prior to his tenure with Banque du Caire, Mr. Fayed spent 10 years working for the CBE, having joined the bank during the second wave of the banking sector reform program. He has overseen several departments under banking supervision including but not limited to ongoing surveillance, licensing, and macroprudential supervision. He managed successfully to shift the supervisory framework from a compliance to a risk-based approach and introduced new supervisory tools and techniques such as early warning systems and stress testing, in line with best international supervisory standards. He also participated in the introduction of a large range of prudential regulations including Basel Standards. Additionally, he established Egypt’s first financial stability report in 2017 and was also part of the CBE negotiation team with the International Monetary Fund (IMF) to facilitate Egypt’s economic reform program in 2016.
Mr. Fayed represented the CBE in several regional and international organizations, such as the Arab Trade Finance Program, the Financial Stability Working Group, and the Arab Monetary Fund. He was a board member of the PTA Bank, currently known as Trade and Development Bank (TDB) and Deputy Chairman of the Islamic Financial Services Board (IFSB), an international standard-setting organization for Islamic financial institutions. He also represented the CBE as a non-executive director for a number of financial institutions as part of their transformation. These included the Agriculture Bank of Egypt, United Bank, Arab International Bank, and the National Committee for Refund of Funds.
Prior to his tenure with the CBE, Mr. Fayed was the General Manager and Chief Risk Officer at the Arab International Bank in Cairo, where he also held a position on the bank’s Risk and Steering Committees. Mr. Fayed worked at Samba Financial Group, an affiliate of Citigroup, in Riyadh, Saudi Arabia in the position of Audit Director.
Mr. Fayed also held a post at Citibank Egypt in both Cairo and Alexandria as Corporate Bank Head where he navigated the corporate banking strategy in line with the bank’s overall growth plan and developed marketing plans for the segment to grow its market share.
Mr. Fayed holds a BA in Commerce from Ain Shams University, in addition to various certifications in Credit and Risk Management. He also led and attended numerous study tours and seminars with supervisory bodies and international institutions, such as the Federal Reserve, European Central Bank, Bank of England, Deutsche Bundesbank, and Bank for International Settlements.
Mr. Bahaa El Shafie
Executive Vice Chairman
Mr. Bahaa El Shafie enjoys an ample banking experience, extending over more than thirty years in the field of large companies credit and investment.
Throughout the last ten years, Mr. Bahaa El Shafie has filled the post of President of the Credit & Investment Sector at (Qatar National Bank – QNB) (Ex-National Societe Generale Bank), further to assuming Presidency & Management of Large Companies Credit Portfolio at the Bank.
Mr. Bahaa has also assumed management of the Bank Investment Portfolio, the Investment Funds & the Custodian Department. He has also filled the membership of several committees at (Qatar National Bank). He acted as member at the (Credit Committee), the (Assets & Liabilities Management Committee), the (Credit Risks Committee) and the (Investment Committee).
Mr. Bahaa has represented (Qatar National Bank) as member of the Boards of Directors of several tourism, hotel, petroleum and asset management companies.
Mr. Bahaa has worked for several years as President of (Project Financing & Structural Funding) at (Qatar National Bank), during which he arranged and managed several large joint loans for greater projects at the various Sectors of Economy in Egypt, including the Petroleum, Petrochemicals, Communications, Building Materials Sectors and such other huge national projects, which necessitated coordination among several Egyptian & Foreign Banks.
Mr. Bahaa has assumed leadership of the team work of several agencies, including the Principal Coordinator, the Financing Agent, the Security Agent, the Local Agent of Foreign Banks and others for several huge joint loans.
He participated as a Member of the Executive Management having assumed acquisition and merger of (Misr International Bank) in the (National Societe Generale Bank) and the acquisition of the (National Societe Generale Bank) by (Qatar National Bank).
During his career, he passed several specialized training courses in the fields of credit, investment, risks and leaders qualification, the most important of which was the (Credit Course) & the (Investment Portfolio Management Course) at the American University in Cairo and a specialized course in the (Investment Risks Assessment) at Harvard University in the United States of America.
These courses comprised the Future Leaders Program at the Egyptian Banking Institute, the Leaders Qualification Program at London Business School, the Executive Leaders Qualification Program at Harvard University in the United States of America, and other several courses at the (Societe Generale Bank) in France.
Mrs. Hala El Kasar
Chief Risk Officer.
Ms. Hala Kasar joined Banque du Caire in October 2010 as the Head of Credit Risk and was appointed as Chief Risk Officer in May 2012. She has extensive management experience in the areas of credit risk, market risk, operational risk, credit administration, remedial loans, and information security.
Before joining Banque du Caire, Ms. El Kasar filled various credit risk positions at leading banks including Abu Dhabi Islamic Bank as Head of Credit Risk & Portfolio Management and the Arab Banking Corporation Egypt as the Credit & Risk Management Division Head.
Ms. El Kasar has a diversified 25 years of experience in banking in the fields of corporate finance, credit, various risk management functions as well as information security management and has extensive knowledge of governance, compliance, and control frameworks.
She previously held various external positions as a non-executive member of the board of directors of Nile Holding for Investment (a subsidiary of Banque du Caire) and Misr Insurance Holding Companies.
She is also currently a non-executive member of I-Score’s board of directors. Ms. El Kasar holds a diploma in the implementation of Basel II Requirements with the American Bankers Association, as well as a BA in Economics from the American University in Cairo.
Mr. Mohamed Aly
Mr. Mohamed Aly joined Banque du Caire in September 2018 as the Head of Treasury & Capital Markets Group capitalizing on his 26 years of experience in covering international markets as well as the Egyptian market.
He is also a member of the Executive, ALCO, and Investment Committees at Banque du Caire. He is currently a member of the American Chamber of Commerce in Egypt and the Interarab Cambist Association (ICA).
Additionally, he is the Vice Chairman & Board Member of ACI Egypt.
Prior to joining the bank, Mr. Aly was the Head of Capital Markets at QNB Alahli.
During his time at QNB Alahli, Mr. Aly was the Portfolio and Investment Manager of the Staff Fund. Prior to QNB Alahli, he was the Head of Capital Markets at National Société Générale Bank in Cairo (Socgen Cairo).
During his professional experience, Mr. Aly attended numerous seminars and workshops for well-known international investment houses in Europe, the United States, and Gulf countries covering various banking and finance topics.
Mr. Aly holds a BA in Business Administration from Ain Shams University.
Mr. Mohamed Ibrahim
Chief Financial Officer.
Mr. Mohamed Ibrahim leverages more than 20 years of experience across financial control, financial planning and analysis and banking operations at multiple international and local banks.
He is currently Chief Financial Officer (CFO) at Banque du Caire where he leads on finance, strategy, and investor relations, having previously served as Financial Controller and Deputy CFO at the bank.
Prior to joining Banque du Caire, Mr. Ibrahim spent 10 years at Barclays Bank in Egypt, later Attijariwafa Bank, where he held multiple roles including Financial Controller and Vice President, Head of Accounting and Financial Regulatory Reporting, and Head of Business Planning and Analysis, among others.
He previously spent 7 years with Citibank Egypt, where he last served as Business Planning Assistant Manager under the Global Consumer Group.
Mr. Ibrahim is a Certified Management Accountant and holds a Bachelor of Commerce in Accounting from Ain Shams University.