Rapport d'activité digital 2021
BANK OF AFRICA’s Board of Directors has set up 4 specialised committees responsible for carrying out the various tasks assigned to the Board and for ensuring that the Bank’s growth strategy is properly implemented. These committees draw on the expertise of the Directors who sit on them* to address the various issues related to BANK OF AFRICA’s operations whilst ensuring that shareholders’ interests are protected.
Mr BENJELLOUN is the founder of BMCE Bank Foundation, which has two main aims:
- Education, primarily combating illiteracy by building and managing community schools in rural areas in Morocco and Africa, and
- Environmental protection.
Mr BENJELLOUN was appointed as Chancellor of Al Akhawayn University of Ifrane between 1998 and January 2004 by His Majesty the late King Hassan II. In 2007, he was awarded an Honorary Fellowship by King’s College, London.
Since 1981, he has been an Adviser to the Washington-based Center for Strategic International Studies -CSIS- that was formerly overseen by Dr Henry Kissinger. In 2013, the CSIS conferred upon him the prestigious title of Honorary Trustee.
Mr BENJELLOUN has received a number of decorations including Officer of the Order of the Throne by His Majesty the late King Hassan II and Commander of the Order of the Polar Star by His Majesty the King of Sweden. Other distinctions include Commander of the National Order of the Republic of Senegal, Commander by Number of the Order of Isabella the Catholic by His Majesty King Juan Carlos of Spain, Commander of France’s Order of Arts and Letters and Commander of the Order of the Grand Star by the Republic of Djibouti.
On 7 April 2010, Mr BENJELLOUN was elevated to the rank of Commander of the Order of the Throne by his Majesty King Mohammed VI.
Born in 1932 in Casablanca, he is a graduate of École Polytechnique Fédérale de Lausanne in Switzerland. Mr BENJELLOUN is married to Dr Leïla Mezian Benjelloun, an ophthalmologist. They have two children, Dounia and Kamal.
- Education, primarily combating illiteracy by building and managing community schools in rural areas in Morocco and Africa, and
- Environmental protection.
Mr BENJELLOUN was appointed as Chancellor of Al Akhawayn University of Ifrane between 1998 and January 2004 by His Majesty the late King Hassan II. In 2007, he was awarded an Honorary Fellowship by King’s College, London.
Since 1981, he has been an Adviser to the Washington-based Center for Strategic International Studies -CSIS- that was formerly overseen by Dr Henry Kissinger. In 2013, the CSIS conferred upon him the prestigious title of Honorary Trustee.
Mr BENJELLOUN has received a number of decorations including Officer of the Order of the Throne by His Majesty the late King Hassan II and Commander of the Order of the Polar Star by His Majesty the King of Sweden. Other distinctions include Commander of the National Order of the Republic of Senegal, Commander by Number of the Order of Isabella the Catholic by His Majesty King Juan Carlos of Spain, Commander of France’s Order of Arts and Letters and Commander of the Order of the Grand Star by the Republic of Djibouti.
On 7 April 2010, Mr BENJELLOUN was elevated to the rank of Commander of the Order of the Throne by his Majesty King Mohammed VI.
Born in 1932 in Casablanca, he is a graduate of École Polytechnique Fédérale de Lausanne in Switzerland. Mr BENJELLOUN is married to Dr Leïla Mezian Benjelloun, an ophthalmologist. They have two children, Dounia and Kamal.
Mr Zouheir BENSAID has a wealth of experience spanning more than 37 years of the banking, financial and manufacturing industries. In the mid ’80s, after assuming responsibility for financial institutions at CITIBANK Maghreb, he spearheaded the expansion of ABN AMRO’s branch network.
In 1994, after a three-year period in which he headed up an agri-business, Mr Zouheir BENSAID returned to the financial sector and played an active role in reforming Morocco’s capital markets.
He became Chief Executive Officer of Maroc Inter Titres -MIT-, BMCE Bank’s brokerage firm, where he oversaw the latter’s first capital-raising transactions as well as being involved in privatisations and initial public offerings on the Moroccan Stock Exchange.
Mr Zouheir BENSAID was Vice-Chairman of the Professional Association of Brokerage Firms -APSB- between 1996 and 1998. Between 1998 and 1999, he was Chairman of the Casablanca Stock Exchange, overseeing the development and modernisation of Morocco’s capital markets.
A former student of Cornell, Mr Zouheir BENSAID graduated in Finance from the University of Nevada in 1985. He is a member of the Phi Kappa Phi Honour Society.
In 1994, after a three-year period in which he headed up an agri-business, Mr Zouheir BENSAID returned to the financial sector and played an active role in reforming Morocco’s capital markets.
He became Chief Executive Officer of Maroc Inter Titres -MIT-, BMCE Bank’s brokerage firm, where he oversaw the latter’s first capital-raising transactions as well as being involved in privatisations and initial public offerings on the Moroccan Stock Exchange.
Mr Zouheir BENSAID was Vice-Chairman of the Professional Association of Brokerage Firms -APSB- between 1996 and 1998. Between 1998 and 1999, he was Chairman of the Casablanca Stock Exchange, overseeing the development and modernisation of Morocco’s capital markets.
A former student of Cornell, Mr Zouheir BENSAID graduated in Finance from the University of Nevada in 1985. He is a member of the Phi Kappa Phi Honour Society.
He began his career at Crédit Mutuel du Centre in 1973 before moving to Crédit Mutuel Méditerranée in 1978. From 1995 to 2014, he was Chief Executive of Crédit Mutuel Méditerranéen. He then became Chairman of Fédération du Crédit Mutuel Méditerranéen and Caisse Régionale du Crédit Mutuel Méditerranéen.
He is a technology graduate of the University of Nice Alpes Maritime with an elective in corporate administration.
After graduating in 1982 from the Ecole Mohammedia des Ingénieurs with a specialisation in mining, Abdellatif ZAGHNOUN began his career at the Office Chérifien des Phosphates -OCP-, where he held a number of positions of responsibility until 2004.
In 2004, he was appointed as head of the Directorate General of Customs and Indirect Taxes. In 2007, Mr ZAGHNOUN became Vice-Chairman of the World Customs Organization -WCO- and Chairman of the WCO MENA region. In 2008, he was appointed as Chairman of the World Customs Organization’s Audit Committee. In 2010, he became Director-General of the Directorate General of Taxes.
In January 2015, Mr ZAGHNOUN was appointed by His Majesty as Chief Executive Officer of the Caisse de Dépôt et de Gestion -CDG-.
Mr Abdellatif ZAGHNOUN is married and has 3 children.
When FinanceCom, now O Capital Group, was founded in 2001, Mr EL AMRANI assumed responsibility for the Technologies & Telecommunications division. Appointed as Director of Strategy & Development between 2005 and 2008, Mr EL AMRANI was subsequently promoted to the post of Deputy Chief Executive Officer in 2008.
He then went on to become the holding company’s Chief Executive Officer in June 2010. He was responsible for adopting best practice in steering the performance of the various entities within the holding company’s portfolio.
He also spearheaded a number of M&A deals, LBOs, and restructurings as part of a process of rationalising the holding company’s portfolio and reducing debt.
In 2009, Mr EL AMRANI coordinated the process that enabled Portugal Télécom and Téléfonica to acquire a stake in Medi Telecom and the sale of a 40% stake in this company to Orange in 2010. He is a Director and standing member of Medi Telecom-Orange’s various governing bodies.
In addition to these roles, Mr EL AMRANI is a Director of BANK OF AFRICA, RMA, O Tower, CTM, Risma, Air Arabia Morocco, Finatech, Colliers International Morocco and Chairman of the Audit Committee of Air Arabia Morocco, Medi Telecom-Orange, Risma and CTM.
Mr Hicham EL AMRANI is an engineering graduate of Ecole Hassania des Travaux Publics and holds an MBA and a Graduate Certificate in Manufacturing and Service Management from Southern New Hampshire University, Singularity University’s Executive Program and Yale University’s Leadership Executive Program.
Born in 1973, Mr EL AMRANI is married and has two children.
When FinanceCom, now O Capital Group, was founded in 2001, Mr EL AMRANI assumed responsibility for the Technologies & Telecommunications division. Appointed as Director of Strategy & Development between 2005 and 2008, Mr EL AMRANI was subsequently promoted to the post of Deputy Chief Executive Officer in 2008.
He also spearheaded a number of M&A deals, LBOs, and restructurings as part of a process of rationalising the holding company’s portfolio and reducing debt.
In 2009, Mr EL AMRANI coordinated the process that enabled Portugal Télécom and Téléfonica to acquire a stake in Medi Telecom and the sale of a 40% stake in this company to Orange in 2010. He is a Director and standing member of Medi Telecom-Orange’s various governing bodies.
In addition to these roles, Mr EL AMRANI is a Director of BANK OF AFRICA, RMA, O Tower, CTM, Risma, Air Arabia Morocco, Finatech, Colliers International Morocco and Chairman of the Audit Committee of Air Arabia Morocco, Medi Telecom-Orange, Risma and CTM.
Mr Hicham EL AMRANI is an engineering graduate of Ecole Hassania des Travaux Publics and holds an MBA and a Graduate Certificate in Manufacturing and Service Management from Southern New Hampshire University, Singularity University’s Executive Program and Yale University’s Leadership Executive Program.
Born in 1973, Mr EL AMRANI is married and has two children.
He also sits on the Boards of a number of companies including RMA, BANK OF AFRICA -ex-BMCE Bank-, BOA Group, BANK OF AFRICA Europe -ex-BMCE Bank International Madrid-, Al Mada, Sonasid, Lydec and Imperial Tobacco Morocco. He is also a Director of Al Akhawayn University.
Between 2010 and 2012, Mr GUESSOUS was Chairman of Risma’s Supervisory Board. In 2001, he became Chairman and Chief Executive Officer of Al Watanya, an insurance company and, in 1995, Caisse Interprofessionnelle Marocaine de Retraite -CIMR-.
Between 1978 and 1994, Mr GUESSOUS held a number of senior government positions including Minister of Trade, Industry and Tourism in 1978, Minister responsible for relations with the European Economic Community in 1985 and Morocco’s Ambassador to Spain between 1986 and 1995.
Mr GUESSOUS has been awarded a number of decorations including Officer of the Order of Wissam, Spain’s Order of Civil Merit and Grand Cross, France’s National Order of Merit and the Order of the British Empire.
Mr GUESSOUS was born in 1941.
He also sits on the Boards of a number of companies including RMA, BANK OF AFRICA -ex-BMCE Bank-, BOA Group, BANK OF AFRICA Europe -ex-BMCE Bank International Madrid-, Al Mada, Sonasid, Lydec and Imperial Tobacco Morocco. He is also a Director of Al Akhawayn University.
Between 1978 and 1994, Mr GUESSOUS held a number of senior government positions including Minister of Trade, Industry and Tourism in 1978, Minister responsible for relations with the European Economic Community in 1985 and Morocco’s Ambassador to Spain between 1986 and 1995.
Mr GUESSOUS has been awarded a number of decorations including Officer of the Order of Wissam, Spain’s Order of Civil Merit and Grand Cross, France’s National Order of Merit and the Order of the British Empire.
Mr GUESSOUS was born in 1941.
From 1993 to 2012, he was Senior Partner and Director at McKinsey & Co, with responsibility for developing customer relationships in North Africa and in Western Europe - France, Belgium, Switzerland, and Luxembourg - in retail banking, private banking, investment funds, life insurance and non-life insurance.
From 1997 to 2014, Mr BEAUJEAN was co-founder and non-executive Director at Geneva-based Blue Orchard, now one of the world’s leading inclusive finance institutions specialising in micro-finance. The firm was recently sold to Schroders Asset Management. One of his main responsibilities was strategic thinking and partnerships.
From 2012 to 2018, he was Executive Director at P&V Assurances, Belgium, a systemically important financial institution as defined by the European Central Bank. As Director of Operations, which included overseeing IT and Human Resources, he was responsible for redesigning the group’s core insurance systems and for transformation programmes in general.
From 2018 to 2020, he was Chief Operating Officer of CBP Quilvest, a Luxembourg-based private bank.
Mr BEAUJEAN is also a co-investor in Profinpar, a EUR 40 million fund specialising in financing the growth, transmission, and optimisation of mature SMEs with development potential. He was also a lecturer at HEC Liège between 2010 and 2020.
Born in 1965, Mr BEAUJEAN holds an MBA from Columbia Business School and a Bachelor of Business Administration from Liège’s School of Business Administration.
From 1993 to 2012, he was Senior Partner and Director at McKinsey & Co, with responsibility for developing customer relationships in North Africa and in Western Europe - France, Belgium, Switzerland, and Luxembourg - in retail banking, private banking, investment funds, life insurance and non-life insurance.
From 2012 to 2018, he was Executive Director at P&V Assurances, Belgium, a systemically important financial institution as defined by the European Central Bank. As Director of Operations, which included overseeing IT and Human Resources, he was responsible for redesigning the group’s core insurance systems and for transformation programmes in general.
From 2018 to 2020, he was Chief Operating Officer of CBP Quilvest, a Luxembourg-based private bank.
Mr BEAUJEAN is also a co-investor in Profinpar, a EUR 40 million fund specialising in financing the growth, transmission, and optimisation of mature SMEs with development potential. He was also a lecturer at HEC Liège between 2010 and 2020.
Born in 1965, Mr BEAUJEAN holds an MBA from Columbia Business School and a Bachelor of Business Administration from Liège’s School of Business Administration.
As Minister, he also oversaw the successful privatisation, in 1995, of Banque Marocaine du Commerce Extérieur, which attracted investment from a consortium of Moroccan and foreign institutional and financial investors led by Royale Marocaine d’Assurance.
Mr KABBAJ is a graduate of the prestigious École Française Polytechnique and the École Nationale des Ponts et Chaussées in Paris. He also has a Diploma in Advanced Studies in Econometrics from the Sorbonne, Paris. He had a long and successful career as head of various departments at the Ministry of Public Works prior to becoming Minister. As such, he represented the contracting authority and the prime contractor for many of Morocco’s infrastructure projects.
From 2000 to 2005, he was Adviser to His Majesty King Mohammed VI, before being appointed as Governor of the Greater Casablanca region for nearly 4 years.
Previous socio-professional appointments include two terms as Member of Parliament from 1993 to 2003, Chairman of several foundations and associations, including the Spirit of Fez Foundation, Fez-Saiss, the Fez Festival of World Sacred Music and Chairman of Lafarge Holcim Maroc, the Development Committee of the IMF and the World Bank. He was also a Member of Lafarge International Group’s Advisory Board, Coordinator of the Permanent Inter-ministerial Committee of State-owned Enterprises and Chairman of the Watch Committee of State-owned Enterprises as well as Vice-Chancellor of Al Akhawayn University.
As Minister, he also oversaw the successful privatisation, in 1995, of Banque Marocaine du Commerce Extérieur, which attracted investment from a consortium of Moroccan and foreign institutional and financial investors led by Royale Marocaine d’Assurance.
From 2000 to 2005, he was Adviser to His Majesty King Mohammed VI, before being appointed as Governor of the Greater Casablanca region for nearly 4 years.
Previous socio-professional appointments include two terms as Member of Parliament from 1993 to 2003, Chairman of several foundations and associations, including the Spirit of Fez Foundation, Fez-Saiss, the Fez Festival of World Sacred Music and Chairman of Lafarge Holcim Maroc, the Development Committee of the IMF and the World Bank. He was also a Member of Lafarge International Group’s Advisory Board, Coordinator of the Permanent Inter-ministerial Committee of State-owned Enterprises and Chairman of the Watch Committee of State-owned Enterprises as well as Vice-Chancellor of Al Akhawayn University.
After acting as special advisor to three Prime Ministers with responsibility for economic and financial affairs, Mrs LAHRICHI was then entrusted with the responsibility of heading up Société Marocaine d’Assurance à l’Exportation -SMAEX- as Chairman and Chief Executive Officer, a post that enabled her to gain experience of the credit insurance and risk business.
After time spent as a member of parliament, her second responsibility was to chair the National Foreign Trade Council. The latter’s transformation into an observatory was the catalyst for setting up a business intelligence and strategic planning system.
Mrs LAHRICHI was Director of the National Telecommunications Regulatory Agency -ANRT- for two terms of office. She also sat for 10 years on the National Savings and Investment Council -CNME- as well as being a member of the Caisse de Dépôt et de Gestion’s supervisory committee as the Prime Minister’s representative.
The majority of her publications, categorised by theme, may be accessed on her website www.nezhalahrichi.com.
He is currently Chief Executive Officer of O Capital Europe, a company which steers O Capital Group’s overseas asset management and investment advisory operations.
Since 2008, Mr BENSOUDA has held a number of positions of responsibility within O Capital Group including that of Chairman & Chief Executive Officer of Finatech Group, a systems integrator specialising in digital and energy infrastructure.
Prior to this, he was a founding partner of Finaventures Advisors in California where he helped set up a technology fund in partnership with TL Ventures, an asset management company. His experience in private equity dates back to 1995 in New York.
He began his career at Westinghouse where he worked as an engineer and project leader.
Mr BENSOUDA has a degree in information systems engineering from Boston University and a Master of Business Administration -MBA- specialising in finance and entrepreneurship from Babson College, Massachusetts.
As part of BANK OF AFRICA Group’s international strategy, Mr Brahim BENJELLOUN-TOUIMI is Chairman of BOA Group Luxembourg, a banking group in which BANK OF AFRICA Group has a stake of just under 73%, with operations in 17 countries in Africa. He is also Director of the Group’s European banking subsidiaries.
As far as his other posts are concerned, he is Chairman or Director of a number of Group companies in Morocco in investment banking and specialised financial services.
Within the framework of strategic partnerships with reference shareholders, Mr Brahim BENJELLOUN-TOUIMI is a Director of RMA, an insurance company and O Capital Group, its holding company. He is also Chairman of the Supervisory Board of EurAfric Information, a technology company and Director of Euro Information, a technology subsidiary of Crédit Mutuel Group-CIC.
Reflecting the Group’s commitment to corporate social responsibility, Mr Brahim BENJELLOUN-TOUIMI is a Director of BMCE Bank Foundation for Education and Environmental Protection.
He also sits on the Board of Proparco, a development finance institution as well as being a Director of the Casablanca Stock Exchange.
Born in 1960, Mr Brahim BENJELLOUN-TOUIMI is a Doctor of Money, Finance and Banking from Université Paris I Panthéon Sorbonne. He began his career in financial markets in France and went on to become Head of Research within the Securities division at one of France’s leading investment banks. He joined BANK OF AFRICA in 1990.
He is married and has 3 children.
As far as his other posts are concerned, he is Chairman or Director of a number of Group companies in Morocco in investment banking and specialised financial services.
Within the framework of strategic partnerships with reference shareholders, Mr Brahim BENJELLOUN-TOUIMI is a Director of RMA, an insurance company and O Capital Group, its holding company. He is also Chairman of the Supervisory Board of EurAfric Information, a technology company and Director of Euro Information, a technology subsidiary of Crédit Mutuel Group-CIC.
Reflecting the Group’s commitment to corporate social responsibility, Mr Brahim BENJELLOUN-TOUIMI is a Director of BMCE Bank Foundation for Education and Environmental Protection.
He also sits on the Board of Proparco, a development finance institution as well as being a Director of the Casablanca Stock Exchange.
Born in 1960, Mr Brahim BENJELLOUN-TOUIMI is a Doctor of Money, Finance and Banking from Université Paris I Panthéon Sorbonne. He began his career in financial markets in France and went on to become Head of Research within the Securities division at one of France’s leading investment banks. He joined BANK OF AFRICA in 1990.
He is married and has 3 children.
On returning to Morocco in 1999, she joined BANK OF AFRICA Group’s portfolio management subsidiary as an Equity Portfolio Manager, then as Head of Investment Management.
Whilst working at the company, Mrs BOUAZZAOUI obtained, in 1999, the certificate of financial analyst issued by the French Society of Financial Analysts -SFAF- and then, in 2000, the French Diploma of Accounting and Finance -DECF-.
In 2007, she was appointed as Chief Executive Officer of the BMCE Capital Gestion Privée subsidiary, which she has managed since it was founded. She also became a Member of BMCE Capital’s Executive Board in 2013.
At the end of 2018, Mrs Myriem BOUAZZAOUI was appointed as Managing Director of BMCE Capital Gestion, taking over the management of BMCE Capital’s Asset & Wealth Management division.
During a career spanning 43 years in international banking, he has forged significant client relationships in both the private and public sectors as well as acquiring expertise in management and corporate governance.
At Merrill Lynch, where he spent a large part of his career, Mr HENDERSON held several positions of responsibility including Executive Assistant to the Chairman and Chief Executive Officer, Vice- Chairman of Merrill Lynch Europe, Middle East and Africa and Chairman of the Global Public Sector division. He also served as Chairman of Prime Merrill S.p.a Italy and as member of the Board of Merrill Lynch South Africa Pty Ltd.
Mr HENDERSON began his career at Chase Manhattan Bank where he held a number of important positions within the Group’s European Institutions division, including Vice-Chairman and Director of the sub-Saharan Africa region as well as within the Investment Banking division. He was also a Board member of Banque Ivoirienne du Développement Industriel and Chase Bank Cameroon SA as well as being Vice-President and Treasurer of the Atlantic Council of the United States.
He is currently non-executive Chairman of Augustea Bunge Maritime Ltd., Malta, Advisor to Cremades & Calvo Sotelo, Madrid and Senior Advisor to Rockefeller Capital Management.
His civic engagements include those of Chairman of the Chatham House Foundation, Honouring Nations’ Board of Governors, American Indian Economic Development at Harvard University’s JFK School of Government and Director of the Fort Apache Heritage Foundation.
Mr HENDERSON holds a Bachelor of Science degree in International Economic Relations from Georgetown University, School of Foreign Service, Washington DC.
He is responsible for Group Finance as well as BANK OF AFRICA’s technology, legal affairs, logistics, quality and banking processing operations. Mr CHRAIBI joined BANK OF AFRICA in 2010 as Deputy Chief Executive Officer responsible for the Group Information Technology & Process Division.
As such, he oversaw strategic projects such as designing its Banking and Insurance information systems -SIBEA-, converging the information systems of BANK OF AFRICA’s domestic and overseas subsidiaries, spinning-off the Bank’s back-office operations and managing the Bank’s digital transformation project.
Mr CHRAIBI is Chairman of the Board of BMCE Immobilier, a subsidiary responsible for proactively managing BANK OF AFRICA’s non-operating real estate portfolio and Chairman of the Board of Damancash, a Morocco-based payment institution. Since 2020, he has chaired the Morocco mobile payment services economic interest group -GP2M-.
He began his career in 1987 as Project Manager of Crédit du Maroc’s information systems master plan and then, from 1989 to 1994, was made Head of Organisation and Information Systems of the Office d’Exploitation des Ports.
In 1994, he was appointed as Chief Executive Officer of the Office de la Formation Professionnelle et de la Promotion du Travail and then, in 2001, as Chief Executive Officer of the Caisse Nationale de la Sécurité Sociale.
In 2005, Mr CHRAIBI was appointed as Governor of the Marrakesh Tensift Al Haouz region which, during his tenure, attracted a high level of private sector investment and oversaw the launch of several major flagship public projects.
Born in 1963, Mr Mounir CHRAIBI is a graduate engineer of Ecole Polytechnique de Paris and Ecole Nationale Supérieure des Télécommunications de Paris. He was decorated Commander of the Order of Al Arsh Wissam by His Majesty the King in 2008. He is also a Commander of Belgium’s Order of Leopold.
He is responsible for Group Finance as well as BANK OF AFRICA’s technology, legal affairs, logistics, quality and banking processing operations. Mr CHRAIBI joined BANK OF AFRICA in 2010 as Deputy Chief Executive Officer responsible for the Group Information Technology & Process Division.
Mr CHRAIBI is Chairman of the Board of BMCE Immobilier, a subsidiary responsible for proactively managing BANK OF AFRICA’s non-operating real estate portfolio and Chairman of the Board of Damancash, a Morocco-based payment institution. Since 2020, he has chaired the Morocco mobile payment services economic interest group -GP2M-.
He began his career in 1987 as Project Manager of Crédit du Maroc’s information systems master plan and then, from 1989 to 1994, was made Head of Organisation and Information Systems of the Office d’Exploitation des Ports.
In 1994, he was appointed as Chief Executive Officer of the Office de la Formation Professionnelle et de la Promotion du Travail and then, in 2001, as Chief Executive Officer of the Caisse Nationale de la Sécurité Sociale.
In 2005, Mr CHRAIBI was appointed as Governor of the Marrakesh Tensift Al Haouz region which, during his tenure, attracted a high level of private sector investment and oversaw the launch of several major flagship public projects.
Born in 1963, Mr Mounir CHRAIBI is a graduate engineer of Ecole Polytechnique de Paris and Ecole Nationale Supérieure des Télécommunications de Paris. He was decorated Commander of the Order of Al Arsh Wissam by His Majesty the King in 2008. He is also a Commander of Belgium’s Order of Leopold.
Mr Khalid Nasr is a member of BANK OF AFRICA’s Chairman’s Committee and Group Executive Committee. He is also Chairman of the Supervisory Board of BMCE Capital, the Group’s investment banking division.
Mr Khalid Nasr is a member of BANK OF AFRICA’s Chairman’s Committee and Group Executive Committee. He is also Chairman of the Supervisory Board of BMCE Capital, the Group’s investment banking division.
He also holds a number of directorships at Group entities such as Director of BOA Group, Chairman and Chief Executive Officer of BOA Capital, Director of Maghrebail and Director of BANK OF AFRICA United Kingdom.
Mr Khalid NASR has more than 25 years’ experience in finance, the majority of which has been spent in senior management positions. He began his career in France at one of Europe’s leading insurance companies.
After gaining capital markets experience at a Moroccan bank, Mr Khalid NASR then joined BMCE Capital when it was founded in 1998. He was responsible for developing its capital markets businesses as Head of Fixed Income Trading and then, from 2005, as Head of the Dealing Room.
In 2010, Mr Khalid NASR was appointed as Chairman of BMCE Capital’s Supervisory Board, overseeing the entire investment banking business – Capital Markets, Asset Management, Wealth Management, Financial Advisory, Custody, Securities Brokerage, Financial Research, Real Estate, Securitisation and Private Equity. At the beginning of 2019, Mr Khalid NASR was appointed as Head of BANK OF AFRICA’s Corporate & Investment Banking division.
Mr Khalid NASR holds an Executive MBA from ESSEC Business School, Paris, a Master’s in Finance from ESC Marseilles and a Master’s in Mathematics from Marseilles’ Saint Charles University. He is also the holder of a number of certificates in specialised disciplines such as Asset & Liability Management -ALM- and Market Risk Management.
Born in 1967, Mr Khalid NASR is married and has three children.
Mr Khalid NASR has more than 25 years’ experience in finance, the majority of which has been spent in senior management positions. He began his career in France at one of Europe’s leading insurance companies.
After gaining capital markets experience at a Moroccan bank, Mr Khalid NASR then joined BMCE Capital when it was founded in 1998. He was responsible for developing its capital markets businesses as Head of Fixed Income Trading and then, from 2005, as Head of the Dealing Room.
In 2010, Mr Khalid NASR was appointed as Chairman of BMCE Capital’s Supervisory Board, overseeing the entire investment banking business – Capital Markets, Asset Management, Wealth Management, Financial Advisory, Custody, Securities Brokerage, Financial Research, Real Estate, Securitisation and Private Equity. At the beginning of 2019, Mr Khalid NASR was appointed as Head of BANK OF AFRICA’s Corporate & Investment Banking division.
Mr Khalid NASR holds an Executive MBA from ESSEC Business School, Paris, a Master’s in Finance from ESC Marseilles and a Master’s in Mathematics from Marseilles’ Saint Charles University. He is also the holder of a number of certificates in specialised disciplines such as Asset & Liability Management -ALM- and Market Risk Management.
Born in 1967, Mr Khalid NASR is married and has three children.
In addition, since 2015, Mr Amine Bouabid has been Chief Executive Officer of BOA Group Luxembourg, a holding company within BANK OF AFRICA Group, which has operations in 17 African countries as well as in France, with consolidated total assets of EUR 9.4 billion in 2021 and more than 6,500 employees.
Between 2007 and 2016, i.e. for nearly 10 years, Mr Bouabid sat on the Board of Directors of BANK OF AFRICA-BMCE Group, which currently owns 72% of BOA Group S.A.
In 1996, Mr Bouabid was tasked with setting up SALAFIN, a consumer credit institution and subsidiary of BANK OF AFRICA-BMCE Group. He made a significant contribution to this company’s development until 2015.
In 2007, SALAFIN was floated on the Casablanca Stock Exchange. By 2015, its market capitalisation had reached USD 170 million, offering investors one of the highest investment returns in the market, with a ROE of 20% on USD 65 million of equity. SALAFIN currently employs 250 people and has total assets of USD 343 million.
Mr Bouabid began his professional career in 1992 as a financial analyst at Banque Commerciale du Maroc -BCM-. The following year, he joined the founders of Casablanca Finance Group -CFG- to participate in its start-up and development. As such, he helped set up a number of business lines at the fledgling investment bank – research and analysis, asset management, brokerage – of which he became Deputy Chief Executive Officer.
Mr Bouabid contributed significantly to Moroccan financial market reforms and helped launch the Casablanca Stock Exchange’s first stock market index.
Mr Amine Bouabid holds a master’s degree in information systems and an MBA from Drexel University in Philadelphia.
Previously, Mr M’fadel EL HALAISSI was Deputy Chief Executive Officer responsible for Corporate Banking, Morocco. This division, which comes under General Management’s remit, brings together corporate customers, SMEs and Large Enterprises. This specific responsibility for corporate banking was entrusted to him after a career spanning more than 25 years at BANK OF AFRICA, in credit, investment finance, loan restructuring and long-term financing solutions.
On joining BMCE Bank, he was entrusted with the responsibility of setting up the investment loans restructuring department. He subsequently went on to become Head of the Investment and Corporate Markets division in 1998. In April 2002, he was appointed as Deputy Chief Executive Officer responsible for Corporate Banking, a division which was then subsequently expanded to include overseas operations.
Born in 1956, Mr M’fadel EL HALAISSI is a Doctor of Economics from Lille University. He is married and has two children.
Previously, Mr Omar TAZI was Deputy Chief Executive Officer responsible for Personal and Professional Banking.
Mr Omar TAZI began his career at the Banque de Développement du Canada. In 1992, he joined Wafa Bank as Head of Treasury.
From 1993 to 2005, Mr Omar TAZI held a number of posts of responsibility within Société Générale Maroc, including Head of the Specialised Finance and Industrial Research Division, Head of the Retail, Professional and Corporate Banking Network and then Deputy Chief Executive Officer responsible for Retail Banking. During this period, he was also Director, Vice Chairman or Chairman of a number of Société Générale subsidiaries, including its leasing, consumer credit, securities brokerage, asset management and insurance subsidiaries.
From 2005 to 2010, Mr Omar TAZI was Chief Executive Officer of AFMA Group.
Mr Omar TAZI joined BANK OF AFRICA Group in June 2011 with a remit to boost retail banking operations and improve the effectiveness of the Bank’s sales force.
Mr Omar TAZI holds a master’s degree in finance from the University of Sherbrooke, Canada.
Mr Omar TAZI began his career at the Banque de Développement du Canada. In 1992, he joined Wafa Bank as Head of Treasury.
From 1993 to 2005, Mr Omar TAZI held a number of posts of responsibility within Société Générale Maroc, including Head of the Specialised Finance and Industrial Research Division, Head of the Retail, Professional and Corporate Banking Network and then Deputy Chief Executive Officer responsible for Retail Banking. During this period, he was also Director, Vice Chairman or Chairman of a number of Société Générale subsidiaries, including its leasing, consumer credit, securities brokerage, asset management and insurance subsidiaries.
From 2005 to 2010, Mr Omar TAZI was Chief Executive Officer of AFMA Group.
Mr Omar TAZI joined BANK OF AFRICA Group in June 2011 with a remit to boost retail banking operations and improve the effectiveness of the Bank’s sales force.
Mr Omar TAZI holds a master’s degree in finance from the University of Sherbrooke, Canada.
Mr LAABI has a wealth of experience acquired over more than 35 years within the Group, during which he has held a number of positions of responsibility, including Inspectorate Director of head office departments, the branch network and the overseas network and Chief Director responsible for the Audit and General Inspection Division.
As far as his functions are concerned, he is Associate Member and Secretary of the Group Risks Committee, Associate Member of the Group Audit and Internal Control Committee and Member of the Group Internal Control Coordination Committee.
He is also a Permanent Member of the Audit and Risks Committees of several BANK OF AFRICA Group subsidiaries, particularly in sub-Saharan Africa, as well as being a Director of BTI Bank, the Group’s participatory banking subsidiary, Director of BOA Holding, Director of Maroc Factoring and of RM Experts, the Group’s loan recovery subsidiary.
Since 2015, Mr LAABI has overseen implementation of the Convergence Programme for the Internal Control and risk functions within 25 subsidiaries. This is a major programme aimed at structuring the Group.
In addition, he is a highly regarded keynote conference speaker, sharing his expertise on a wide range of subjects including finance, risk management, internal audit, internal control and compliance.
Born in 1960, Mr Khalid LAABI is an Economic Science graduate specialising in The Theory of the Firm. He has undertaken training in a variety of disciplines, both in Morocco and overseas.
He is married and has two children.
Mr LAABI has a wealth of experience acquired over more than 35 years within the Group, during which he has held a number of positions of responsibility, including Inspectorate Director of head office departments, the branch network and the overseas network and Chief Director responsible for the Audit and General Inspection Division.
He is also a Permanent Member of the Audit and Risks Committees of several BANK OF AFRICA Group subsidiaries, particularly in sub-Saharan Africa, as well as being a Director of BTI Bank, the Group’s participatory banking subsidiary, Director of BOA Holding, Director of Maroc Factoring and of RM Experts, the Group’s loan recovery subsidiary.
Since 2015, Mr LAABI has overseen implementation of the Convergence Programme for the Internal Control and risk functions within 25 subsidiaries. This is a major programme aimed at structuring the Group.
In addition, he is a highly regarded keynote conference speaker, sharing his expertise on a wide range of subjects including finance, risk management, internal audit, internal control and compliance.
Born in 1960, Mr Khalid LAABI is an Economic Science graduate specialising in The Theory of the Firm. He has undertaken training in a variety of disciplines, both in Morocco and overseas.
He is married and has two children.