Published: November 30, 2009
The Sudanese Egyptian Bank has appointed Amr Bahaa as its new managing director. Bahaa, a former assistant managing director and executive board member of Piraeus Bank Egypt, will lead SEB in its expansion strategy.
Sudanese Egyptian Bank is a portfolio company of Finance Unlimited, Citadel Capital’s platform company for investments in the regional financial services industry. Citadel Capital, a private equity firm in the Middle East and Africa (MEA) with US$8.3bn in investments under control, has helped SEB through a series of expansions.
Before his position as assistant managing director at Piraeus Bank, 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.
Bahaa has also been a director on the board of Sudanese Egyptian Bank since its inception.