Bahrain’s Arab Banking Corporation (Bank ABC) said on Monday it has named Amr Tharwat as new managing director and CEO of its Bank ABC Egypt franchise.
Tharwat brings to the role over 26 years of substantial local and regional corporate and investment banking experience gained from a variety of senior positions in the Middle East and Turkey (MENAT). He joins from HSBC, where he has worked for more than 15 years, out of which he spent seven years in Egypt as the Head of Global Banking, and the remainder based in Dubai covering the region.
He was most recently the Managing Director, Deputy Head of Global Banking, and Head of Corporate Banking MENAT for HSBC out of Dubai.
Tharwat holds a Master’s degree in Finance from Cass Business School in London, and graduated from the American University in Cairo with a major in Economics and a minor in Political Science.
He joins Bank ABC Egypt at a pivotal moment of growth, amid the final stages of Bank ABC Group’s acquisition of BLOM Bank Egypt, the bank said in a statement.
The acquisition was closed on August 11, 2021; the Bank is now working towards the integration of BLOM Bank Egypt into Bank ABC Egypt, it added.
Tharwat is expected to begin his tenure on September 26, 2021.
“Amr brings a diverse strategic and operational perspective to Bank ABC Egypt. He has an excellent track record, and we are confident that he will be a great addition to our team in Egypt.” Yousef Al Awadi, Bank ABC Egypt Chairman, said.
