Catalyst Partners has appointed Maged Shawky as its new chairperson, the company revealed on Saturday. Shawky will succeed Aly El-Tahry, the managing partner and co-founder of Catalyst Partners. This follows El-Tahry’s decision to retire and exit the company.
Catalyst Partners was established in 2013 as a financial advisory firm, then it was transformed into a full-fledged investment bank.
Shawky previously led the Egyptian Exchange (EGX) and Beltone Financial Holding. He will be the chairperson of Catalyst Partners, in addition to his current role as non-executive vice chairperson of Sequence Ventures.
Shawky said that he is excited to join the Catalyst Partners’ team, which includes Abdelaziz Abdel Nabi and Ramy Osman, who lead the Audit & Due-Diligence, and Tarek Effat, the executive chairperson of Catalyst Leasing.
He explained that he will work to continue and expand the firm’s vision in support of the small and medium enterprises (SMEs), family businesses, and non-banking financial institutions.
The firm said in a press statement that entrepreneurship will be its main focus, as it aims to become an entrepreneurship investment bank.
According to Shawky, Catalyst Partners will follow a hybrid model that caters to the needs of investment banking activities, startups, and entrepreneurs.
Catalyst Partners has a capital of EGP 50m, and it owns several dedicated arms, including Capital Leasing. The firm’s direct investment arm has more than EGP 450m assets under management.