• HSBC

Grameen-Jameel announces new General Manager

  • United Arab Emirates: Thursday, July 16 - 2009 at 10:33
  • PRESS RELEASE

Grameen-Jameel Pan-Arab Microfinance Ltd announced the appointment of Julia Assaad as its new General Manager.

Ms Assaad brings eight years of senior banking experience to the position, most recently serving as the deputy general manager and head of retail network and sales for BNP Paribas (BNPP) Egypt. Ms Assaad will be based at Grameen-Jameel's head office for Pan-Arab operations in Dubai's Humanitarian City.

"Ms Assaad is a results-driven leader and strategic thinker who introduced a number of new practices that resulted in exceptional growth at BNPP,"
said Zaher Al Munajjed, Grameen-Jameel's chairman.

"By doubling the number of branches in BNPP and introducing multiple new retail banking products in Barclays, she rapidly expanded access to financial services for Egyptians. We are excited to have her direct her energy into achieving similar results for the poor in the Arab World," he said.

Alex Counts, Grameen-Jameel Director and President of Grameen Foundation added,
"Grameen-Jameel has fast become a leading microfinance organisation in the region. With Ms Assaad at the helm, we are well positioned to enhance services to microfinance institutions serving the poor and to reach our goal of adding one million new microfinance clients through our partners by 2011."

Educated in Egypt and Canada, Ms Assaad entered the banking industry in 2001 at UBS. She also held various management positions at Barclay's Bank in South Africa and Egypt before assuming her responsibilities at BNP Paribas in 2007.
 
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About Grameen-Jameel:
Grameen-Jameel is a social business established in 2007 by Grameen Foundation USA and the Abdul Latif Jameel Group of Saudi Arabia. The company alleviates poverty in the Arab World by providing technical, financial and operational support to microfinance institutions. To date, Grameen-Jameel has facilitated local currency financing of $44 million that has enabled partners to reach more than 350,000 new microfinance clients in Morocco, Tunisia, Egypt, Lebanon, Jordan, Palestine, Syria and Yemen.

About Abdul Latif Jameel Group:
The Abdul Latif Jameel (ALJ) Group, based in Jeddah, Saudi Arabia, is one of the Arab World's most successful and respected business groups. ALJ was founded by the late Sheikh Abdul Latif Jameel in 1945, and in 1955, he was granted the sole distributorship for Toyota in Saudi Arabia, which the Group has maintained to date. ALJ has an active community services program, which emphasises education, training, and development to help younger generations achieve independence and self-sustainability.

About Grameen Foundation:
Grameen Foundation, a global non-profit organisation, helps the world's poorest people access financial services and technology solutions by providing financing, technology support and management strategies to the local organisations that serve them. It also spearheads technology initiatives that create new microbusiness opportunities for the poor, provide telecommunications access for the world's rural poor, and improve their access to health and agriculture information and other services.

Founded in 1997, Grameen Foundation has offices in Washington, D.C. and Seattle, Washington. Dr Muhammad Yunus, the founder of Grameen Bank and the 2006 Nobel Peace Prize Laureate, is a founding member of its board of directors and served on the board for 12 years. Since April 2009, he has served as Grameen Foundation's first director emeritus.

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