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CBE promotes 5 senior officials to deputy governor  - Daily News Egypt

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CBE promotes 5 senior officials to deputy governor 

Ramy Abu al-Naga took over monetary markets and reserve management, Essmat Hussein for payment systems, Mai Abu al-Naga for controlling banks, Mohamed Ibrahim for internal internal auditing and Hany Omar for security sector

The Central Bank of Egypt’s (CBE) board of directors, headed by Tarek Amer, issued a decision to promote five senior officials of the bank to a deputy governor post.

The promotion movement included Ramy Ahmed Adel Abu al-Naga as the deputy governor for the monetary markets sector and reserve management, and Ayman Essmat Mahmoud Hussein as the deputy governor for the payment systems and information technology sector. The bank also promoted Mai Sherif Abdel Azim Abu al-Naga to the position of deputy governor for observing and supervising banks, Mohamed Ali Hassan Ibrahim as the deputy governor for the internal auditing sector, and Hany Abdel Mageed Mahmoud Omar as the deputy governor for the security sector.

Ramy Abu al-Naga joined the Centrla Bank of Egypt (CBE) in 2005. He will oversee the international investment portfolio and foreign exchange reserves. He is responsible for negotiating with other central banks and foreign financial institutions and banks to attract more foreign investments.

Abu al-Naga will also follow up on the developments in the local and international monetary markets, approve the products offered by banks operating in the local market, and contribute to the implementation of the economic reform programme.

Ayman Hussein joined the CBE in 2005 as the communications and information security consultant.

Hussein was tasked to develop and implement the strategic plan for payment systems and information technology until 2020; the development of national payment systems; the means of digital payment; and the creation of technological infrastructure to stimulate the society to turn into non-monetary financial transactions. He will also develop the legislative structure of Egyptian payment systems and services. Hussein was also missioned to complete the development project of the information centers of the bank, as well as the programmes and technological applications supporting the banking sector.

Mai Abu al-Naga joined the CBE in 2005, and she will oversee the restructuring and development of public sector banks.

Abu al-Naga will observe several public administrations, mainly the technical office of the governor and the Public Relations Department. She also supervises the financial inclusion department.

Mohamed Ali Hassan Ibrahim joined the CBE in 1985, as he worked in the supervision of the control and supervision office.

Ibrahim will oversee the Internal Auditing Sector, that reviews the work of all departments in the bank, and ensures all sectors and branches’ compliance with the provisions of the Anti-Money Laundering and Combating Law as well as supporting local and international efforts in this field.

Hany Abdel Megeed Omar will supervise the security sector in the bank and its branches as well as the bank’s printing house. He is responsible for securing all the banks’ branches operating in Egypt and ensures their compliance to implement the security instructions of the CBE.

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