Standard Chartered said on Monday it had named Mohammed Gad as its chief executive officer for Egypt with immediate effect.
Gad is the first CEO of Standard Chartered’s branch in Egypt. Prior to this, the British bank operated a representative office.
With over 22 years of experience, Gad joined Standard Chartered in 2012 and has since held senior roles at the bank, including CEO of Qatar, where he successfully helped strengthen the franchise in the country. He was also country head of corporate for Commercial and Institutional Banking (CCIB), responsible for delivering the bank’s strategy and deepening client relationships amid diverse market cycles. A seasoned banking professional, prior to joining Standard Chartered he held multiple leadership roles at Mashreq Bank and Arab Bank.
In November last year, Standard Chartered Egypt received its full banking licence, where it will provide banking services to sovereign and government related entities, large corporates, financial institutions and multinational companies operating in the country.
“I am delighted to announce the appointment of Mohammed Gad as CEO for Standard Chartered Egypt. Mohammed has extensive expertise in the region and a strong track record.” Boutros Klink, CEO Standard Chartered Middle East (excluding UAE) said.
“Mohammed will lead the Bank’s market expansion, strengthen our client base, product and service offering expansion, and network consolidation in support of the nation’s aspirations for economic progress. I have no doubt that this appointment will strengthen our position in the Egyptian market and the region.”
Standard Chartered operates in Egypt through its Standard Chartered Bank Egypt entity licensed by the Central Bank of Egypt (CBE).
