The African Export-Import Bank (Afreximbank) has announced the appointment of Haytham El Maayergi as its Executive Vice President, Global Trade Bank. Succeeding Amr Kamel, the former Executive Vice President, Business Development & Corporate Banking.
Prof Benedict Oramah, President and Chairman of the Board, expressed enthusiasm about the appointment, stating, “We are delighted to welcome Mr. Haytham El Maayergi to Afreximbank as the new Executive Vice President, Global Trade Bank,”
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He further added “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,”
With three decades of experience, El Maayergi has spent 25 years at regional and multinational banking institutions, including such as Citibank, Standard Chartered Bank, and Société Générale.
His career spans various roles in global transaction banking/trade finance, corporate banking, financial institutions, retail banking, digital factory, operations, and technology departments.
He has a proven track record of structuring trade finance and bilateral lending solutions, including Islamic structures, for multinational corporations and large local corporates.
And with expertise extending across multiple markets in the Middle East & North Africa, with a primary focus on Egypt and Gulf Council Countries.
In his role as executive vice president, he will lead a team managing a diverse portfolio of customers across Africa. With responsibilities that include developing a broad range of global trade banking products, such as trade finance, syndications, advisory, and capital market services.
Additionaly he will be tasked with sourcing new transaction opportunities and managing the entire value chain for global trade banking and mitigating associated risks all while serving as a liaison between the President, the Board of Directors, stakeholders, and investors.
Upon his appointment, Haytham El Maayergi stated, “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,”
Afreximbank is a Pan-African financial institution with a mandate to finance and promote intra-and extra-African trade. Recently the bank launched the Pan-African Payment and Settlement System (PAPSS). A payment settlement system that lets African institutions perform transactions with each other in real time and without the need for any foreign currency.
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