BrandArena: Haytham El Maayergi appointed as Executive Vice President of Global Trade Bank at Afreximbank

Friday 10 November 2023

Haytham El Maayergi appointed as Executive Vice President of Global Trade Bank at Afreximbank

Haytham El Maayergi has been named Executive Vice President, Global Trade Bank at African Export-Import Bank (Afreximbank), succeeding Mr. Amr Kamel, previous Executive Vice President, Business Development & Corporate Banking.

Mr. El Maayergi offers over three decades of broad expertise to this post, including 25 years with regional and multinational banking companies like as Citibank, Standard Chartered Bank, and Société Générale. Mr. El Maayergi has worked in global transaction banking/trade finance, corporate banking and financial institutions, retail banking, digital factory, operations, and technology departments throughout his career. Mr. El Maayergi has a lengthy and successful track record of designing innovative trade finance transactions.

Moreover, Mr. El Maayergi’s expertise spans multiple markets in the Middle East & North Africa, with a primary focus on Egypt and Gulf Council Countries. Additionally, Mr. El Maayergi brings abroad international perspective, having worked extensively in Asia, Europe, and the Americas during his tenure with other multinational banks.

Prof Benedict Oramah, President and Chairman of the Board of Directors, commented: "We are delighted to welcome Mr. Haytham El Maayergi to Afreximbank as the new Executive Vice President,Global Trade Bank. This crucial appointment aligns with our strategic vision, as outlined in Strategic Plan VI. With an impressive wealth of experience, we are confident that Mr. El Maayergi will play a pivotal role in advancing our mission of fostering intra-African trade and economic integration."

In his new role, Mr. El Maayergi will lead a team managing a diverse portfolio of customers across Africa and also will be tasked with developing a broad range of global trade banking products. This includes trade finance, syndications, and advisory and capital market services. He will also be responsible for sourcing new transaction opportunities, and managing the entire value chain for global trade banking, while mitigating associated risks. In addition, he will serve as a liaison between the President, the Board of Directors, stakeholders, and investors providing strategic direction, building relationships, and ensuring compliance with risk guidelines, a vital role pivotal for Afreximbank's and the Global Trade Bank’s success.

Commenting on his appointment, Mr. Haytham El Maayergi, said: “I am deeply honoured to take on this  role and embrace the significant responsibilities it entails. We have a tremendous opportunity to make a meaningful impact on global trade and economic development for Africa. I look forward to working with the team to identify new opportunities and effectively manage the entire value chain of global trade banking while ensuring rigorous risk management. I believe that together with Afreximbank’s leadership, we will achieve outstanding results and propel our global trade bank portfolio to greater success."

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