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CIB appoints Tarek Rouchdy as new independent director

CIB appoints Tarek Rouchdy as new independent director

ArabFinance: CIB has appointed Tarek Rouchdy as its Board’s new independent director, the bank stated on March 8th.

Rouchdy has over 40 years of experience in banking, internal audit, and risk management.

His appointment comes as a follow-up to former Chairman and Managing Director Hisham Ezz Al Arab's departure from the bank last October. Back then the Central Bank of Egypt (CBE) after a 2020 audit pointed to violations and weaknesses in the bank’s activities, as we previously reported.

 

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