Chairman & Chief Executive Officer
Mr. Tarek Fayed is the Chairman and CEO of Banque du Caire, with over 32 years of banking experience in various fields including banking supervision, risk management, as well as corporate and investment banking.
Mr. Fayed is currently a board member of the Egyptian Banking Institute, Social Fund for Mortgage Finance, Egyptian Stock Market, Union of Arab Banks, Credit Guarantee Company (CGC), Cairo Leasing Company (CLC), General Assembly Egyptian Holding Company for Aviation, and the Federation of Egyptian Chambers of Commerce.
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 ongoing surveillance, licensing and macroprudential supervision. He successfully shifted the supervisory framework from a compliance to a risk-based approach and introduced new supervisory tools such as early warning and stress testing. 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 2016 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 and the Financial Stability Working Group at 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 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.
Executive Vice Chairman
Bahaa El Shafie has 30 years of banking experience in Corporate and Investment Banking.
Throughout the last 10 years, El Shafie headed the Corporate and Investment Banking Division at QNB Al-Ahli (previously National Société Générale Bank).
Besides managing the bank’s large corporate portfolio, he managed the bank’s Private Equity Portfolio in addition to Custody services and Mutual Funds. He was a leading member of several committees at QNB Al Ahli including; Management Committee, Assets and Liability Committee, Risk Review Committee, Recovery Committee as well as the Investment Committee.
Mr. El Shafie multidisciplinary background resulted in becoming the representative for QNB Al Ahli in a number of companies in various sectors including tourism, petroleum, and asset management, where he was assigned as member of the Board of Directors representing QNB Al Ahli.
El Shafie had spent several years working as the Head of Project Finance and Structured Finance at QNB Al Ahli, during which he arranged and managed several Syndicated loans for mega projects in different economic sectors including petroleum, petrochemicals, telecommunications, construction, as well as large national projects that required coordination amongst multiple Egyptian and foreign banks and Multilateral Institutions.
El Shafie led his team in assuming several leading Agency and Security agency roles as well as leading the arrangement of almost all Syndicated transactions in the local market. He Structured and Managed the execution of complex transactions including Mergers, acquisitions and leveraged buy-outs.
As an Executive Director and a core member of the committees at QNB Al Ahli, El Shafie has actively participated in multiple financial mergers throughout his career including the initial merger between National Société Générale Bank and Misr International Bank which was then followed by Qatar National Bank’s acquisition of National Société Générale Bank.
During El Shafie’s career, he managed to consolidate a range of certifications. After receiving a post-graduate degree in Investment Appraisal and Risk Management from Harvard University in Massachusetts, USA, El Shafie continued advancing his knowledge by having training courses - internally and externally - in the fields of Advanced Capital Market and Portfolio Management and Advanced Credit Analysis at the American University in Cairo, Derivatives and Options at SOGEMARC – Paris.
As El Shafie continues to stay well versed in the industry’s on-goings, he most recently took part in the Future Leaders Program at the Egyptian Banking Institute, the Leadership Program at London Business School as well as the Executive Leadership Program at Harvard University - Harvard Business School to be exact - in the USA.
Deputy Chief Executive officer
Ahmed Effat is a versatile banking professional with expertise in both conventional and Islamic banking with career expanding over two decades in various banks as Citibank, Banque Misr and Abu Dhabi Islamic bank.
Ahmed joined Banque Du Cairo in 2023 as Deputy Chief Executive officer, prior to BDC Ahmed was holding the position of EVP Head of Consumer Banking, Founder and Chairman of ADI-Consumer Financing Company as well as a Board Member of ADI-Finance company (Leasing, Factoring and Real-estate finance).
Ahmed’s career includes a diverse array of banking activities ranging from, Risk management, treasury operations and front-line business enabling him to formulate and implement business strategies within Retail, SME's, Microfinance, Mortgage Finance, Cards, Assets and liabilities.
Throughout his career, Ahmed has played a crucial role in implementing various banking system developments and migrations. He has also been instrumental in leading digital transformation and implementing new banking trends.
Ahmed's notable career highlights include his role as EVP- Retail Banking Sector Head at Abu Dhabi Islamic Bank - Egypt, where he led the rebranding of ADIB brand he also launched a full retail banking product suite, revamped and redistributed ADIB’s branch networks
Ahmed has also served as EVP- Head of Risk Management – Retail Banking at Abu Dhabi Islamic Bank- Egypt, where he built a retail risk department and was responsible for developing and implementing a detailed business risk management framework.
Ahmed Has also helped establishing the Retail Risk department of Banque Misr as well as holding various key roles within Citibank Egypt where he was on of the key members who started consumer banking business in Egypt.
Ahmed's other skills include strong risk assessment and control awareness, strong managerial and communication skills, and analytical and enquiring mind. He is also tactical and strategic thinker with presentation and negotiation skills and creative problem-solving skills
Ahmed is a holder of a BA in Accounting and MBA from AAGSB.
Chief Risk Officer
Mrs. Hala El-Kasar is the Chief Risk Officer since 2012 as she had joined Banque du Caire as Head of Credit Risk in 2010.
Mrs. El-Kasar has over 29 years of banking experience in various banking activities specializing in corporate finance, credit risk management, enterprise risk management and InfoSec. Previously, she spent two years at Abu Dhabi Islamic Bank - Egypt as the Head of Credit Risk & Portfolio Management and six years at the Arab Banking Corporation - Egypt as the Credit & Risk Management Division Head.
Prior to that and for eight years she was a Corporate Relationship Manager in Mashreq Bank - Egypt.
Mrs. El-Kasar holds a BA in Economics with a minor in Business Administration from the American University in Cairo. She is a holder of Harvard Business School Executive Leadership Certification from Harvard University and Certified Effective Board Member from IFC – World Bank in corporation with EBI.
Mrs. El-Kasar acted as an independent non-executive board member at Misr Insurance Holding, held the position of non-executive board member at Nile Holding Company for Investment and currently is a non-executive board member at The Egyptian Credit Bureau “I-Score".
Senior General Manager Head of Treasury & Capital Markets Group
Mohamed Aly joined Banque du Caire in September 2018 as the Head of Treasury & Capital Markets Group and Executive Committee Member capitalizing on his 29 years of experience in covering international markets as well as the Egyptian market.
He is also a member of the ALCO and Investment Committees at Banque Du Caire.
Prior to joining the bank, Mr. Aly was the Head of Capital Markets at QNB Alahli, and prior to that, he was the Head of Capital Markets at NSGB in Cairo.
Mr. Aly is certified from Harvard Business School – Boston USA for Executive Leadership Program fall 2019, Future Leaders Program, EBI in 2018, and Strategic Management in Banking Program fall 2022, London, UK. During his professional experience, Mr. Aly attended numerous seminars & workshops for well-known international investment houses in Europe, United states & Gulf Countries covering various banking and finance topics, and attended numerous workshops in Société Générale Bank France.
Mr. Aly holds a BA in Business Administration from Ain Shams University.
Chief Financial Officer
Mr. Mohamed Ibrahim is currently Chief Financial Officer at Banque du Caire, where he leads on finance, strategy, and investor relations. His previous roles with the bank include Financial Controller and Deputy CFO.
Mr. Ibrahim brings a diversified skill set to his position, with over 21 years of experience across financial control, financial planning and analysis, and bank operations at multiple international and local banks and a solid record of improving business performance. Prior to joining Banque du Caire, he served as Financial Controller and Vice President at Attijariwafa Bank from 2017 to 2018.
Prior to this, Mr. Ibrahim previously held an array of roles at Barclays Bank in Egypt spanning a period of ten years. He joined Barclays in 2008 as Assistant Vice President and Retail Business Planning & Analysis Manager, leading a team of financial analysts, developing financial strategies and ensuring proper execution and compliance with bank policies. His later roles include Vice President, Head of Accounting and Financial Regulatory Reporting, and Head of Business Planning.
Prior to that, Ibrahim spent seven 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.