April 13, 2017

Raymond Audi steps down as Chairman of Bank Audi. Replaced by Samir Hanna who remains Group CEO

Samir Hanna has been appointed as Chairman and General Manager of Bank Audi replacing Raymond Audi who has stepped down for health reasons. This is the first chairman of the bank outside the Audi family. Hanna will also keep his job as CEO of the Bank Audi Group. His term as Chairman expires at the 2019 annual general assembly of shareholders.

Audi, aged 85, has been serving as director at the bank since its incorporation in 1962, and chairman since 1998. He is a former minister and ex-Chairman of the Association of Banks.

Hanna, aged 71, has started his career in the bank from the ground up at Bank Audi in 1963. He held several managerial positions and was appointed General Manager in 1986. He was elected a member of the board of directors in 1990.

Hanna spearheaded, in the early 1990s, the restructuring and expansion strategy of Bank Audi. He has been instrumental in driving Audi’s growth journey to become the country’s largest bank by assets. The bank’s consolidated assets currently stand at more than $42 billion while its workforce exceeds 6,000 employees. Hanna also chairs Odea Bank, Audi’s subsidiary in Turkey.