The African Export-Import Bank (Afreximbank) has named Haytham El Maayergi as executive vice-president for its global trade bank, effective immediately.

El Maayergi makes the switch from Arab African International Bank, where he served as group chief operating and transformation officer since 2020.

At Afreximbank, he replaces Amr Kamel, who worked at the bank for nearly three decades before retiring in November 2022.

Based in Cairo, El Maayergi is tasked with sourcing new transaction opportunities for Afreximbank and developing products for trade finance and syndications, as well as advisory and capital market services.

He will act as a liaison between Afreximbank’s president, Benedict Oramah, and the lender’s board of directors, stakeholders and investors, and is further tasked with mitigating risks in the global trade bank’s value chains.

In a career spanning over three decades, El Maayergi has also held senior transaction banking, corporate banking and trade finance roles at financial institutions in the Middle East and North Africa, including Abu Dhabi Islamic Bank, Standard Chartered, Citi and Société Générale.

“El Maayergi boasts a long and proven track record of structuring innovative trade finance and bilateral lending solutions, including Islamic structures, for both multinational corporations and large local corporates,” Afreximbank says.