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GOVERNANCE

Executive Committee

Fadi Halout

Chief Executive Officer

Mr. Halout, BankMed (Suisse) SA CEO since November 2019, has over 20 years of experience in the Banking and finance industry.

He was previously Head of Private Banking Europe at Europe Arab Bank, based in London, in addition to his role as acting Country Head for France. From 2004 to 2016, he was the Country CEO for National Bank of Abu Dhabi in France, where he led many major transactions with large European corporates, Middle Eastern Sovereign Wealth Funds, and High Net Worth Individuals.

Mr. Halout started his career with Philippe Investment Management in Paris, before joining BFO –Credit Agricole Indosuez as Product Development Manager and later BLC Bank France as Head of Marketing & Financial Products.

Guest speaker in several conferences, he was elected President of the foreign banks association in France (CBEF), from 2013 to 2017, where he serves now as Honorary President & Board Member. He is currently lecturer in Corporate Strategy at Dauphine University, Paris. From 2001 to 2005, he was lecturer in asset management at Dauphine University. He co-founded an economic think tank in Paris in 2009.

He holds an Executive MBA joint degree from HEC Paris, London School of Economics and New York University; and a Master’s degree in Industrial Organization from Paris Dauphine University.

Fernand Cendan

Chief Operating Officer & Chief Risk Office

Mr. Cendan is Chief Operating Officer. He joined BankMed (Suisse) SA in November 2018.

Prior to joining BankMed (Suisse) SA, he spent 10 years at Merrill Lynch (Bank) Suisse SA in Geneva, holding different positions, 5 years at KBL (Switzerland) Ltd, as Head of Operations, 5 years at SEB Private Bank SA in Geneva, as Chief Operating Officer and 2 years at Lombard Odier in Geneva.

Mr. Cendan has more than 25 years of experience in the Banking industry and assumed responsibility for several strategic projects related to operations, ICT implementation and restructuring.

He holds a Federal Certificate of Proficiency in Commercial Business.

Michel Trolliet

Head of Compliance & Central File

Mr. Trolliet is Head of Compliance and Central File. He joined BankMed (Suisse) SA in April 2017.

Prior to joining BankMed (Suisse) SA, he was responsible of various operational sectors, with Credit Suisse and CA Indosuez Wealth Management as well as in other private banks in Geneva.

Mr. Trolliet has more than 30 years of experience in the Banking industry, mainly in operational areas and control.

Laurent Perusset

Chief Investment Officer

Laurent Perusset is a Swiss national with more than 30 years of banking experience. He started his career in 1989 as a fixed income trader at the Geneva stock exchange for Darier & Cie. In 1995 he joined Banque Ferrier Lullin as Head of Fixed Income and Member of Treasury Committee of the bank.

From 2000 to 2010, Laurent joined Union Bancaire Privée as Head of Investment Research & Advisory, Member of the Investment Strategy Committee.

In 2010, he was appointed by Barclays Bank (Suisse) SA as Head of Investment & Global Research, looking after the advisory services in Switzerland and the pan-European ex-UK discretionary mandates. He was also the Chairman of Barclays’ Pension Fund in Switzerland.

He later on joined again Union Bancaire Privée as Global Advisory Head, Member of the Investment Committee with the objectives to develop and re-design the Advisory Offering. Right after, he was appointed by Edmond de Rothschild in Geneva as Head of Advisory department which included the Research, the Structured Product and the Advisory teams for the International Private Banking division and was also member of the Global Investment Committee.

Before joining Bankmed (Suisse) SA as Chief Investment Officer, Laurent served as Head of Investment Solution for the Singalliance Group.

Patrice Richard

Head of Financial Control

Mr Richard is Head of Financial Control. He joined BankMed (Suisse) SA in 1998. He is a member of Risk and Product Committees.

He is also assuming the role of Credit Risk Manager for the Credit Committee.

Prior to joining BankMed (Suisse) SA, Mr. Richard worked at Barclays (Suisse) for a period of 8 years.

Central Functions

Sabine Bourdet

Human resources

Sabine Bourdet, in charge of Human Resources since November 2019, joined the Bank in 2008.

She holds a Bachelor of Science in Economics from Unidistance and a “Brevet Fédéral” in Human Resources.

Anis Bacha

Internal Audit

Mr. Bacha joined BankMed (Suisse) SA in July 2017 in the Operation, Organization and Risk Department. He was appointed as Head of Internal Audit in September 2018.

Prior to joining BankMed (Suisse) SA, Mr. Bacha had over 10 years of experience covering many countries and including a rich variety of assignments in the areas of audit, finance, compliance and risk management within different financial institutions and audit firms.

He holds a Master’s in finance and an Executive Master in Banking and Financial Markets with honors from the University de Tunis El Manar. He is also a Certified Internal Auditor and member of the Institute of Internal Auditors Switzerland.

Board of Directors

Michel Accad

Chairman

Mr. Michel Accad is the Executive General Manager of Bankmed and serves as an Executive Member on Bankmed’s Board of Directors.

Mr. Accad serves also as Chairman – General Manager of MedInvestment Bank and as Executive General Manager of Saudi Lebanese Bank.

Mr. Accad served as the Group Chief Executive Officer of Al-Ahli Bank of Kuwait (ABK) from May 2014 to April 2020. He assumed this position after having successfully led the turnaround of Gulf Bank, another Kuwaiti lender, and contributed to its return to profitability following the 2008 crisis.

Prior to that, from 2006 to 2009, Michel was the Assistant Chief Executive of Arab Bank PLC, based in Amman. Within this capacity, he had direct responsibility over all banking businesses globally, including Corporate and Investment Banking, Consumer Banking, Private Banking and Wealth Management, Treasury, and Credit.

Before moving to Arab Bank, Mr. Accad spent 27 years with Citigroup, which he joined in 1979. His last post with Citi was Managing Director and CEO for the Middle East and North Africa (MENA) Division, a unit that spanned presence in 10 countries and contributed over $1 BN to Citi’s bottom line.

Mr. Accad holds MBA with Honors from the University of Texas at Austin in 1978.

Antoine Nehman

Vice-chairman*

Mr. Nehman graduated from HEC Paris. Since 1992, Mr. Nehman is the General Manager of Cofimed SA.
He was Deputy General Manager of BankMed SAL from 1978 till 1987 and General Manager of BankMed
(Suisse) SA from 1987 to 1992.

David Bueche

Member*

Mr. Bueche holds a Master in Business Administration from HEC Lausanne and is a Swiss Chartered
Professional Accountant. He is an independent member of several Board of Directors and Audit Committees of companies subject to the supervision of FINMA.

He joined Arthur Andersen Geneva in 1986 as part of the « audit financial market » division and was promoted in 1997 to the partnership in the audit division. In 2002, he joined Baker Tilly Spiess (member of Baker Tilly International, the 10th worldwide largest auditing network) as partner and head of the financial market department and works essentially with a wide variety of Swiss and international clients (internal audit, financial expertise, consulting, tax advice, directorship).

Nicolas Killen

Member*

A graduate of the faculty of Law of the University of Geneva in 1986 and holding a LLM degree from the Duke University School of Law, Mr. Killen is admitted to the Geneva Bar and the New York Bar in 1990, first joining Skadden Arps Slate Meagher & Flom in New York as an associate and Borel & Barbey in Geneva in 1992. He becomes a partner of the firm in 1999 and is managing partner since 2011.

Tania Moussallem

Member

Mrs. Moussallem has a career in banking and is currently Advisor to EGM and COO, Assistant Executive General Manager at BankMed. She sits in several Boards of Directors and committees. She has chaired The Financial Alliance for Women from May 2015 to June 2019. In 2015, she has been selected among the most influential women in the Arab Banking Sectors by the Union of Arab Banks and is the recipient of several awards.

Her career started at Société Générale de Banque au Liban where she held several managerial positions. in the Corporate and Investment Banking Division. She then joined BLC bank in 2008 as Head of Strategic Development and Financial Management Group and later took the responsibility of the Support and Marketing Group in 2014. Mrs. Moussallem was a member of the Board of Directors of USB Bank (Cypriot subsidiary of BLC Bank) and a member of several committees in BLC Bank.

She holds a Master’s degree in Finance & Communication from Ecole Supérieure des Sciences Economiques et Commerciales ESSEC, France and a BA from the American University of Beirut.

Antoine Raphael

Member*

Mr. Antoine Raphael serves as an Independent Non-Executive Member of the Board of Directors of Bankmed (Suisse) SA’s since 20 Jul 2020. Mr Raphael has over 35 years of banking and financial services consulting experience stemming from the positions he held at CIBC, Citigroup, Gulf Bank, Arab Bank, Booz Allen Hamilton and Strategy& in Canada, Switzerland and in the MENA region. He also sat on the board of a number of investment funds in Guernsey, the Netherland and the UK.

Mr. Raphael is currently an Executive  Partner of EPOQ Partners, a corporate advisory firm that he helped establish, since January 2019. Previously, Mr. Raphael was the MENA Financial Services Lead at Strategy& (previously Booz & Company), where he was a member of the firm’s MENA Leadership Team, from 2015 to 2017. Prior to that, he served as a member of the Board of Arab Bank (Switzerland) Ltd. and of its Board’s Credit Committee from 2009 to 2012, before assuming the position of CEO of that bank from 2013 to 2014. Mr. Raphael also served as Advisor to the Chairman of Arab Bank plc in Amman, Jordan where he sat on various executive committees from 2008 to 2012.

Mr. Raphael holds a Bachelor of Science degree in Management from the University of the State of New York.

Bruno Desgardins

Member*

Bruno Desgardins is an Independent Non-Executive Member of the Board of Directors of Bankmed (Suisse) SA’s since 20 Jul 2020. Bruno has more than 38 years of experience in the banking industry in Paris and in Geneva. After starting its career as a financial analyst, he took over the responsibility of the Trade Finance for South European countries for Banque de l’Union Européenne.

Then, Bruno joined NSM Bank to head the Institutional Department for foreign clients, before taking over the Research Department. In 1995, Bruno was hired by ABN AMRO to manage its Corporate Finance’s M&A activities. In Geneva since 2000, he spent the last 20 years at Banque Eric Sturdza holding there a management role.

Raya Haffar El Hassan

Member

Ms. Raya El Hassan serves as Chairperson of Bankmed S.A.L. as of October 2020, and served as an Independent Member on Bankmed’s Board of Directors since December 2011. She is also a Board Member of MedInvestment Bank S.A.L, Saudi Lebanese Bank S.A.L.

From January 2019 until January 2020, Ms. El-Hassan served as the Minister of Interior and Municipalities in Lebanon. Before that, she served as the Chairman-General Manager of Tripoli’s Special Economic Zone.

Prior to that, from November 2009 until June 2011, Ms. El-Hassan served as the Minister of Finance in Lebanon. Earlier in her career, Ms. El-Hassan was the Advisor to the Minister of Economy and Trade.

Ms. El Hassan holds a Bachelor’s degree in Business Administration from the American University of Beirut, and a Master’s Degree in Business Administration from the George Washington University. In 2019, Ms. El-Hassan was awarded an Honorary Doctorate in Humane Letters from the Lebanese American University and an Honorary Doctorate in Business Administration from the Beirut Arab University.

* Reference of independent Board member according to FINMA Circular 2017/1.

Executive Committee

Fadi Halout

Chief Executive Officer

Mr. Halout, BankMed (Suisse) SA CEO since November 2019, has over 20 years of experience in the Banking and finance industry.

He was previously Head of Private Banking Europe at Europe Arab Bank, based in London, in addition to his role as acting Country Head for France. From 2004 to 2016, he was the Country CEO for National Bank of Abu Dhabi in France, where he led many major transactions with large European corporates, Middle Eastern Sovereign Wealth Funds, and High Net Worth Individuals.

Mr. Halout started his career with Philippe Investment Management in Paris, before joining BFO –Credit Agricole Indosuez as Product Development Manager and later BLC Bank France as Head of Marketing & Financial Products.

Guest speaker in several conferences, he was elected President of the foreign banks association in France (CBEF), from 2013 to 2017, where he serves now as Honorary President & Board Member. He is currently lecturer in Corporate Strategy at Dauphine University, Paris. From 2001 to 2005, he was lecturer in asset management at Dauphine University. He co-founded an economic think tank in Paris in 2009.

He holds an Executive MBA joint degree from HEC Paris, London School of Economics and New York University; and a Master’s degree in Industrial Organization from Paris Dauphine University.

Fernand Cendan

Chief Operating Officer & Chief Risk Office

Mr. Cendan is Chief Operating Officer. He joined BankMed (Suisse) SA in November 2018.

Prior to joining BankMed (Suisse) SA, he spent 10 years at Merrill Lynch (Bank) Suisse SA in Geneva, holding different positions, 5 years at KBL (Switzerland) Ltd, as Head of Operations, 5 years at SEB Private Bank SA in Geneva, as Chief Operating Officer and 2 years at Lombard Odier in Geneva.

Mr. Cendan has more than 25 years of experience in the Banking industry and assumed responsibility for several strategic projects related to operations, ICT implementation and restructuring.

He holds a Federal Certificate of Proficiency in Commercial Business.

Michel Trolliet

Head of Compliance & Central File

Mr. Trolliet is Head of Compliance and Central File. He joined BankMed (Suisse) SA in April 2017.

Prior to joining BankMed (Suisse) SA, he was responsible of various operational sectors, with Credit Suisse and CA Indosuez Wealth Management as well as in other private banks in Geneva.

Mr. Trolliet has more than 30 years of experience in the Banking industry, mainly in operational areas and control.

Laurent Perusset

Chief Investment Officer

Laurent Perusset is a Swiss national with more than 30 years of banking experience. He started his career in 1989 as a fixed income trader at the Geneva stock exchange for Darier & Cie. In 1995 he joined Banque Ferrier Lullin as Head of Fixed Income and Member of Treasury Committee of the bank.

From 2000 to 2010, Laurent joined Union Bancaire Privée as Head of Investment Research & Advisory, Member of the Investment Strategy Committee.

In 2010, he was appointed by Barclays Bank (Suisse) SA as Head of Investment & Global Research, looking after the advisory services in Switzerland and the pan-European ex-UK discretionary mandates. He was also the Chairman of Barclays’ Pension Fund in Switzerland.

He later on joined again Union Bancaire Privée as Global Advisory Head, Member of the Investment Committee with the objectives to develop and re-design the Advisory Offering. Right after, he was appointed by Edmond de Rothschild in Geneva as Head of Advisory department which included the Research, the Structured Product and the Advisory teams for the International Private Banking division and was also member of the Global Investment Committee.

Before joining Bankmed (Suisse) SA as Chief Investment Officer, Laurent served as Head of Investment Solution for the Singalliance Group.

Patrice Richard

Head of Financial Control

Mr Richard is Head of Financial Control. He joined BankMed (Suisse) SA in 1998. He is a member of Risk and Product Committees.

He is also assuming the role of Credit Risk Manager for the Credit Committee.

Prior to joining BankMed (Suisse) SA, Mr. Richard worked at Barclays (Suisse) for a period of 8 years.

Central Functions

Sabine Bourdet

Human resources

Sabine Bourdet, in charge of Human Resources since November 2019, joined the Bank in 2008.

She holds a Bachelor of Science in Economics from Unidistance and a “Brevet Fédéral” in Human Resources.

Anis Bacha

Internal Audit

Mr. Bacha joined BankMed (Suisse) SA in July 2017 in the Operation, Organization and Risk Department. He was appointed as Head of Internal Audit in September 2018.

Prior to joining BankMed (Suisse) SA, Mr. Bacha had over 10 years of experience covering many countries and including a rich variety of assignments in the areas of audit, finance, compliance and risk management within different financial institutions and audit firms.

He holds a Master’s in finance and an Executive Master in Banking and Financial Markets with honors from the University de Tunis El Manar. He is also a Certified Internal Auditor and member of the Institute of Internal Auditors Switzerland.

Board of Directors

Antoine Nehman

Vice-chairman*

Mr. Nehman graduated from HEC Paris. Since 1992, Mr. Nehman is the General Manager of Cofimed SA.
He was Deputy General Manager of BankMed SAL from 1978 till 1987 and General Manager of BankMed
(Suisse) SA from 1987 to 1992.

David Bueche

Member*

Mr. Bueche holds a Master in Business Administration from HEC Lausanne and is a Swiss Chartered
Professional Accountant. He is an independent member of several Board of Directors and Audit Committees of companies subject to the supervision of FINMA.

He joined Arthur Andersen Geneva in 1986 as part of the « audit financial market » division and was promoted in 1997 to the partnership in the audit division. In 2002, he joined Baker Tilly Spiess (member of Baker Tilly International, the 10th worldwide largest auditing network) as partner and head of the financial market department and works essentially with a wide variety of Swiss and international clients (internal audit, financial expertise, consulting, tax advice, directorship).

Nicolas Killen

Member*

A graduate of the faculty of Law of the University of Geneva in 1986 and holding a LLM degree from the Duke University School of Law, Mr. Killen is admitted to the Geneva Bar and the New York Bar in 1990, first joining Skadden Arps Slate Meagher & Flom in New York as an associate and Borel & Barbey in Geneva in 1992. He becomes a partner of the firm in 1999 and is managing partner since 2011.

Tania Moussallem

Member

Mrs. Moussallem has a career in banking and is currently Advisor to EGM and COO, Assistant Executive General Manager at BankMed. She sits in several Boards of Directors and committees. She has chaired The Financial Alliance for Women from May 2015 to June 2019. In 2015, she has been selected among the most influential women in the Arab Banking Sectors by the Union of Arab Banks and is the recipient of several awards.

Her career started at Société Générale de Banque au Liban where she held several managerial positions. in the Corporate and Investment Banking Division. She then joined BLC bank in 2008 as Head of Strategic Development and Financial Management Group and later took the responsibility of the Support and Marketing Group in 2014. Mrs. Moussallem was a member of the Board of Directors of USB Bank (Cypriot subsidiary of BLC Bank) and a member of several committees in BLC Bank.

She holds a Master’s degree in Finance & Communication from Ecole Supérieure des Sciences Economiques et Commerciales ESSEC, France and a BA from the American University of Beirut.

Antoine Raphael

Member*

Mr. Antoine Raphael serves as an Independent Non-Executive Member of the Board of Directors of Bankmed (Suisse) SA’s since 20 Jul 2020. Mr Raphael has over 35 years of banking and financial services consulting experience stemming from the positions he held at CIBC, Citigroup, Gulf Bank, Arab Bank, Booz Allen Hamilton and Strategy& in Canada, Switzerland and in the MENA region. He also sat on the board of a number of investment funds in Guernsey, the Netherland and the UK.

Mr. Raphael is currently an Executive  Partner of EPOQ Partners, a corporate advisory firm that he helped establish, since January 2019. Previously, Mr. Raphael was the MENA Financial Services Lead at Strategy& (previously Booz & Company), where he was a member of the firm’s MENA Leadership Team, from 2015 to 2017. Prior to that, he served as a member of the Board of Arab Bank (Switzerland) Ltd. and of its Board’s Credit Committee from 2009 to 2012, before assuming the position of CEO of that bank from 2013 to 2014. Mr. Raphael also served as Advisor to the Chairman of Arab Bank plc in Amman, Jordan where he sat on various executive committees from 2008 to 2012.

Mr. Raphael holds a Bachelor of Science degree in Management from the University of the State of New York.

Michel Accad

Member

Mr. Michel Accad is the Executive General Manager of Bankmed and serves as an Executive Member on Bankmed’s Board of Directors.

Mr. Accad serves also as Chairman – General Manager of MedInvestment Bank and as Executive General Manager of Saudi Lebanese Bank.

Mr. Accad served as the Group Chief Executive Officer of Al-Ahli Bank of Kuwait (ABK) from May 2014 to April 2020. He assumed this position after having successfully led the turnaround of Gulf Bank, another Kuwaiti lender, and contributed to its return to profitability following the 2008 crisis.

Prior to that, from 2006 to 2009, Michel was the Assistant Chief Executive of Arab Bank PLC, based in Amman. Within this capacity, he had direct responsibility over all banking businesses globally, including Corporate and Investment Banking, Consumer Banking, Private Banking and Wealth Management, Treasury, and Credit.

Before moving to Arab Bank, Mr. Accad spent 27 years with Citigroup, which he joined in 1979. His last post with Citi was Managing Director and CEO for the Middle East and North Africa (MENA) Division, a unit that spanned presence in 10 countries and contributed over $1 BN to Citi’s bottom line.

Mr. Accad holds MBA with Honors from the University of Texas at Austin in 1978.

Bruno Desgardins

Member*

Bruno Desgardins is an Independent Non-Executive Member of the Board of Directors of Bankmed (Suisse) SA’s since 20 Jul 2020. Bruno has more than 38 years of experience in the banking industry in Paris and in Geneva. After starting its career as a financial analyst, he took over the responsibility of the Trade Finance for South European countries for Banque de l’Union Européenne.

Then, Bruno joined NSM Bank to head the Institutional Department for foreign clients, before taking over the Research Department. In 1995, Bruno was hired by ABN AMRO to manage its Corporate Finance’s M&A activities. In Geneva since 2000, he spent the last 20 years at Banque Eric Sturdza holding there a management role.

Raya Haffar El Hassan

Member

Ms. Raya El Hassan serves as Chairperson of Bankmed S.A.L. as of October 2020, and served as an Independent Member on Bankmed’s Board of Directors since December 2011. She is also a Board Member of MedInvestment Bank S.A.L, Saudi Lebanese Bank S.A.L.

From January 2019 until January 2020, Ms. El-Hassan served as the Minister of Interior and Municipalities in Lebanon. Before that, she served as the Chairman-General Manager of Tripoli’s Special Economic Zone.

Prior to that, from November 2009 until June 2011, Ms. El-Hassan served as the Minister of Finance in Lebanon. Earlier in her career, Ms. El-Hassan was the Advisor to the Minister of Economy and Trade.

Ms. El Hassan holds a Bachelor’s degree in Business Administration from the American University of Beirut, and a Master’s Degree in Business Administration from the George Washington University. In 2019, Ms. El-Hassan was awarded an Honorary Doctorate in Humane Letters from the Lebanese American University and an Honorary Doctorate in Business Administration from the Beirut Arab University.

* Reference of independent Board member according to FINMA Circular 2017/1.