CI Capital Holdings has announced that Hazem Badran and Tarek Tantawy have resigned from their positions as co-CEOs of the group and delegated board members.
The resignations come due to their desire to work on new investment opportunities of their own.
The company’s Board of Directors decided, in its meeting held last Thursday, to appoint Hisham Gohar as the Group’s new CEO.
According to a statement issued by the company, Badran and Tantawy will continue to carry out their duties in the group until 20 May, before transferring their executive tasks to the new administration.
Gohar joined the group in 2012 and has occupied many leadership positions since then, including serving as CEO of the investment banking sector. Before assuming his current position, he helped the Investment Bank become one of the leading entities providing financial advice, and promoting and covering IPOs in Egypt.
In 2019, he launched CI Capital to provide commercial banking services, beginning with the successful investment in Taaleem Management Services, of which he was the Chairperson.
He has over 20 years of experience in the field of regional financial services, having held several leadership positions at Shuaa Capital, Dubai Group, Beltone Financial, as well as many other positions, before joining CI Capital.
“The decision to appoint Gohar to complete the journey of success at CI Capital is a natural step, as he has been one of the main pillars of the company over the past years,” said Mahmoud Atallah, Chairperson and Managing Director of CI Capital.
Gohar said that CI Capital has one of the most diversified platforms in the field of financial services in Egypt. This is supported by experienced management and a team of professionals in various fields, he noted.