23rd Dec 2009 15:49
Appointment of a Vice-Chairman of the Board
Appointment of Dr. Marwan Ghandour as Vice-Chairman of the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group
December 23, 2009
Bank Audi s.a.l. - Audi Saradar Group ("the Company") is pleased to announce the appointment of Dr. Marwan M. Ghandour as Vice-Chairman of its Board of Directors.
The appointment of Dr. Ghandour took effect on December 22, 2009.
About Dr. Marwan Ghandour
Marwan Ghandour is an independent Director of the Company, member of the Audit Committee and member of the Corporate Governance and Remuneration Committee.
He is a previous Vice-Governor of the Central Bank of Lebanon. He held this position between January 1990 and August 1993, with primary responsibilities in the area of monetary policy. During this period, he was also a member of the Higher Banking Commission and various other government committees involved in economic policy. In this capacity, he liaised with various international institutions such as the IMF, the World Bank and the BIS.
Since 1995, Dr. Ghandour has been Chairman and General Manager of Lebanon Invest sal, a leading financial services group in the region whose holding company merged with Bank Audi in 2000.
He was elected member of the Board of Directors of the Company in 2000, and Chairman of the Board of Directors of Audi Saradar Investment Bank sal, a fully owned subsidiary of the Company in 2005.
Dr. Ghandour holds a PhD in Economics (Econometrics) from the University of Illinois (Post-Doctorate research at Stanford University).
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