Sudanese Egyptian Bank has appointed Amr Bahaa as its new MD. Mr Bahaa, a former assistant managing director and executive board member of Piraeus Bank Egypt, will lead SEB as it continues to execute its carefully planned expansion strategy.
Mr Bahaa was the general manager for treasury and product development, where he restructured the bank’s dealing room and developed a number of products for private banking clients. He had earlier held managerial posts with Arab International Bank, Credit Lyonnais and Arab Banking Corporation.
Mr Bahaa said: "I’m very pleased to accept this new position and become a part of a success story that is now taking shape. With a rapidly expanding industrial sector, the overall prospects for the Sudanese economy are extremely positive and the Sudanese Egyptian Bank is now very well positioned to be a positive driver of that growth."
Ahmed El Houssieny, MD of Citadel Capital, said: "Amr’s many years of experience in the regional banking sector make him exceptionally well suited to manage operations in Sudan. His involvement with SEB since its start up will be of great value to us during this critical juncture as the SEB aggressively grows its deposit base and explores new opportunities to expand its presence in Sudan."
Sudanese Egyptian Bank is a portfolio company of Finance Unlimited, Citadel Capital’s Platform Company for investments in the regional financial services industry.
