Hisham Ramez

Hisham Ramez
هشام رامز
Hisham Ramez in 2016
CEO of Arab International Bank
Assumed office
16 April 2016
Preceded byGamal Negm
Governor of the Central Bank of Egypt
In office
3 February 2013 – 27 November 2015
Preceded byFarouk El Okdah
Succeeded byTarek Hassan Amer
CEO of Commercial International Bank
In office
2011–2013
Preceded byHisham Ezz Alarab
Succeeded byHisham Ezz Alarab
CEO of Suez Canal Bank
In office
2006–2007
Preceded byAhmed Shawky
Succeeded byHaytham Farajallah
CEO of Egyptian Gulf Bank
In office
1996–2006
Preceded byMohamed Kamal El-Din
Succeeded byOmar Abdel Aziz El-Sisi
Personal details
Born (1959-09-28) September 28, 1959
CitizenshipEgyptian
SpouseJehan Farid
EducationCairo University
OccupationEconomist
Signature

Hisham Ramez Abdel Hafez (Arabic: هشام رامز; born September 28, 1959) is an Egyptian financier. He was governor of the Central Bank of Egypt from 2013 until 2015.[1] He is the current Chairman of Arab International Bank.[2]

Career

Hisham Ramez held several positions, including CEO of Egyptian Gulf Bank (1996–2006); CEO of the Suez Canal Bank (2006–2007): CEO of the Commercial International Bank (2011–2013) and as First Deputy Governor to Farouk El-Okda (2007–2011).[3][4]

Governor of the Central Bank of Egypt

The Presidency issued a statement clarifying that former President Mohamed Morsi had appointed Hisham Ramez as Governor of the Central Bank, succeeding Dr. Farouk El-Okda, who had submitted his resignation to President Morsi approximately three weeks prior.[5]

His mandate was marked by immense economic volatility. Following the 2011 political unrest, Egypt faced severe pressure on its foreign currency reserves and the value of the Egyptian pound. To combat the dollar shortage and protect the country's dwindling reserves, Ramez implemented highly debated monetary policies, including placing strict caps on dollar-denominated bank deposits to curtail the currency black market.[6]

Post CBE leadership

On April 24, 2016, he was named Chairman of Arab International Bank for a 3-years term.[2]

References

  1. ↑ Farouk, Ehab; Alsharif, Asma. "Egypt replaces central bank governor Hisham Ramez". Reuters. Archived from the original on 2021-05-17.
  2. 1 2 "Former CBE governor Ramez named AIB chairman". Daily News Egypt. 2016-04-24.
  3. ↑ "Hisham Ramez Rejects CBE's Governor Post". Amwalalghad. Archived from the original on 2016-04-15.
  4. ↑ "Who is Hisham Ramez, CBE's new governor? - Egypt Business Directory: Paper". Egypt Business. Archived from the original on 2013-09-18.
  5. ↑ "Hisham Ramez replaces Farouq El-Okdah as Egypt Central Bank governor - Economy - Business". Ahram Online.
  6. ↑ "Egypt replaces central bank governor Hisham Ramez". The Peninsula. 2015-10-21.