HSBC Egypt Chairman Retires
Abdel Salam El Anwar, who served as Chairman of HSBC Bank Egypt since 2003, was retired. Sources said Simon Cooper, CEO of HSBC Bank Middle East Limited, will be the Chairman of HSBC’s unit in Egypt after the retirement of El Anwar.
El Anwar was earlier nominated for the Ministry of Investment of Kandil’s Cabinet, but he refused. In addition, he is nominated to hold the position of the Governor of the Central Bank of Egypt succeeding Farouk El-Okdah who decided to quit by the end of 2012.
He started his banking career in 1975 when he joined Chase National Bank. During the 14 years he spent with Chase National Bank, he held several senior responsibilities amongst which were Head of Treasury and General Manager Branches. He also had assignments in Singapore, London and New York, and in 1987 he was appointed Senior General Manager of Chase National Bank Egypt.
In 1988, he filled the position of Regional Manger at Saudi Cairo Bank, Saudi Arabia. In 1991, he joined HSBC Bank Egypt (then Egyptian British Bank) as General Manager. In 1994, he was appointed Managing Director and in 2001 he was designated Deputy Chairman & CEO of HSBC Bank Egypt and since 2003 he holds his current position as Chairman & CEO.
He was also Board member of the Central Bank of Egypt (CBE), member of CBE Monetary Policy Committee and member of CBE Banking Development Committee and Board member of the Egyptian Banking Institute.
He is currently Board member of the New Urban Communities Authority, Member of the Egyptian British Business Council and Treasurer of Future Generation Foundation.
Moreover he is Board Member of the Egyptian Foundation for Technological Education Development (Nile University) and the Citadel Capital Scholarship Fund. He was previously a Member of the Egypt-US Presidents’ Council.
