EBRD names Egypt’s Soha El-Turky as new vice president, CFO

The European Bank for Reconstruction and Development (EBRD) said on Friday it had chosen Soha El-Turky to be its new vice president and chief financial officer.

El-Turky, a national of Egypt and chief financial officer at Banque du Caire, will replace András Simor, who retired earlier this year. She will take over her new position at the start of 2020, according to an EBRD statement.

“I am delighted to welcome Soha [El-Turky] to the EBRD, which will benefit from the breadth of her experience and outstanding personal qualities. She will have an important contribution to make as the Bank heads towards its next five-year strategy.”

EBRD President Sir Suma Chakrabarti

She will be a member of the EBRD’s most senior management team Executive Committee, becoming the first ever member to be appointed from the Bank’s southern and eastern Mediterranean (SEMED) region.

Prior to joining EBRD, El-Turky has been chief financial officer at Egypt’s third-largest state bank, Banque du Caire since April 2018. She had previously served as chief financial officer at the Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt). She also worked at Barclays, spending nearly eight years in various executive roles, and before that at Citi, which she joined in 1999.

She has worked in both the UK and Egypt, with experience in finance, business development, and risk management.

“She (Soha El-Turky) will have an important contribution to make as the Bank heads towards its next five-year strategy.” EBRD President Sir Suma Chakrabarti said.