Farouk El Okdah

Farouk El Okdah

Farouk El Okdah

Dr. Farouk El Okdah held the prestigious position of governor of the Central Bank of Egypt from December 2003 until February 2013. From January until December 2003 he was chairman and chief executive officer of the National Bank of Egypt. He acquired 19 years of banking experience, from 1983 until 2002, by working with Irving Trust Company in New York. This was later acquired by the Bank of New York, where he worked as assistant vice president for the Middle East division and as vice president and Africa district manager. El Okdah was also the managing director of the International Company for Leasing, IncoLease, from 1997 until 2002. He established IncoLease while working for the Bank of New York. In addition, El Okdah worked as an instructor in accounting and finance for the Wharton School at the University of Pennsylvania from 1978 until 1982. Also in 1978, he was nominated by the Wharton School to serve as a consultant for the International Finance Corporation, a member of the World Bank Group.

El Okdah obtained a Bachelor of Science degree in commerce accounting from Egypt’s Ain Shams University in 1965. He obtained his Master of Accounting degree (with honors) from Cairo University in 1975. He then obtained his Master of Business Administration degree in finance (1981) and his Doctor of Philosophy degree in business and applied economics from the Wharton School, University of Pennsylvania.

El Okdah has been a member of the board of directors of Egypt Air Holding Co. since 1998. He served as an advisor to the governor of the Central Bank of Egypt (CBE) from 1998 to 2001. He was also a member of the board of directors of the Egyptian Banking Federation and of the Arab Bankers Association North America.