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Egypt's CIB appoints ex-central bank governor as managing director

Egypt's largest listed company has appointed former central bank governor, Hisham Ramez as vice chairman and managing director.

People and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt's headquarters in downtown Cairo, Egypt, December 21, 2015. REUTERS/Amr Abdallah Dalsh

"Mr. Ramez will be overseeing the overall business of the bank and managing day-to-day operations, where he will be responsible for both key business lines i.e. consumer and institutional banking as well as the COO area," it said.

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