Afreximbank appoints Amr Kamel Executive VP for Business Development
The African Export-Import Bank (Afreximbank) has appointed of Amr Kamel, formerly Director of Banking Operations, as its new Executive Vice President in charge of Business Development and Corporate Banking, giving him the position occupied by Dr. Benedict Oramah until his elevation to the post of President of the Bank in September 2015.
Announcing the appointment at the end of the 110th meeting of the Bank’s Board of Directors in Lagos, Nigeria, President Oramah said that Mr. Kamel’s appointment will take effect from 1 October 2016.
Congratulating him on the appointment, President Oramah said that Mr. Kamel’s 21 years in Afreximbank, where, as one of the nucleus staff members, he had been involved in setting up the front and back offices, had enabled him to acquire tremendous experience in managing the relevant functional areas. Mr. Kamel had also been involved in specialized assignments, including the setting up of the Bank’s Abuja Branch Office, raising equity for the Bank, and negotiating country programmes, he noted.
As Executive Vice President in charge of Business Development and Corporate Banking, Mr. Kamel will oversee the Banks origination and business development activities, including managing the Client Relations; Project Finance; Export Development; Syndications and Agency; Trade Finance; Guarantees and Specialised Finance; and Advisory and Capital Markets departments.
An Egyptian national, Mr. Kamel received a Master of Business Administration from the City University of New York in the United States and a Bachelor of Arts in economics from the American University in Cairo. He started his banking career in 1985, working variously for Bank of Credit and Commerce, Bank of America, and Chemical Bank, before joining Afreximbank in 1995.
His experience spans many banking functions, including structured trade finance, documentary credits, operations, loan administration and agency, treasury, marketing, and business development.
His appointment concludes a recruitment process, managed by an international agency, which started with an international media advertisement in April and included interviews of four shortlisted candidates in July, leading to his emergence as the successful candidate.
Afreximbank Executive Vice-Presidents are appointed by the Board of Directors upon the recommendation of the President and serve for four-year terms that may be renewed for an additional term.
