The American University in Cairo (AUC) announced on Thursday the appointment of Mahmoud Abdallah as a senior adviser to the president for enterprise risk management (ERM) and strategy. Abdallah is a world-renowned expert in the insurance field as well as in financial industries, and the former chairperson and chief executive officer of MISR Insurance Holding Company, and the executive vice president of American Re-Insurance Group.
“I am excited to be joining the AUC and I look forward to adding value to this great university and building on their solid track and record of success,” Abdallah said. “As a leading global institution of higher education, the AUC is fully cognisant of the importance of a well-designed and executed ERM programme,” he added.
Commenting on the appointment of Abdallah, Richard Bartlett, the chairperson of the AUC board of trustees, said, “This is a significant step forward for our university as we continue to adopt the global best practices of the leading universities in the world.”
The majority of the world’s leading institutions of higher education have integrated formal ERM in daily decision-making at all management levels.
Abdallah will work closely with the AUC administration, faculty, and the board of trustees in order to provide assessments of the risks and opportunities, and develop proposals for long-term planning, strategies, and policies to mitigate risks via a stakeholder-dialogue approach.
At the AUC, he will be contributing to the university’s establishment of world-class ERM processes across the university’s operations, making sure that senior leaders and the board of trustees are apprised of the most critical risks to achievement of AUC’s mission and objectives, including real property holdings, supply chain management, budget processes, and financial services.