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BANQUE DU LIBAN

Aoun en route to win battle regarding new BDL head

The Cabinet is expected to appoint asset manager Karim Souaid on Thursday. It is believed that the latter has a qualified majority in his favor.

Aoun en route to win battle regarding new BDL head

President Joseph Aoun with Prime Minister-designate Nawaf Salam at Baabda Palace, January 17, 2025. (Credit: AFP archives)

It is now an open secret: Barring any last-minute surprises, Karim Souaid, a well-known expert in wealth and asset management, is expected to be appointed as Wassim Mansouri’s successor following the Cabinet meeting on Thursday.Finance Minister Yassine Jaber is expected to present a list of three contenders to his colleagues, including banker and asset manager Jamil Baz, as well as Edouard Gemayel, a regional director at the International Monetary Fund (IMF). These two names were largely unexpected, given the names that had been circulating so far. However, the surprises may not end there, as Baz already announced yesterday that he is not interested in the position. Read more 'We have a comprehensive plan to return depositors' funds': Manssouri “This suggests that they were only added for show, to create the illusion of an open...
It is now an open secret: Barring any last-minute surprises, Karim Souaid, a well-known expert in wealth and asset management, is expected to be appointed as Wassim Mansouri’s successor following the Cabinet meeting on Thursday.Finance Minister Yassine Jaber is expected to present a list of three contenders to his colleagues, including banker and asset manager Jamil Baz, as well as Edouard Gemayel, a regional director at the International Monetary Fund (IMF). These two names were largely unexpected, given the names that had been circulating so far. However, the surprises may not end there, as Baz already announced yesterday that he is not interested in the position. Read more 'We have a comprehensive plan to return depositors' funds': Manssouri “This suggests that they were only added for show, to create the illusion of an...