The Export Guarantee Fund of Iran (EGFI) has re-appointed Seyed Kamal Seyed Ali as chairman and CEO, six years after his departure from the role.

Seyed Ali was at the head of EGFI from 2005 to 2009, helping the ECA reach a record of US$3.2bn of new business that year. He then left to become deputy governor of the Central Bank of Iran, and later took a role as managing director of a private Iranian bank.

He has 33 years of experience in the banking and credit insurance industries.

Additionally, EGFI has promoted Arash Shahraini from risk and international co-operation director to board member and deputy CEO.

Valiollah Afkhami Rad, the head of Iran’s Trade Promotion Organisation, as well as banking professional Mojtaba Kavoosi, have also been appointed as new members of the board.

“The new management of EGFI welcomes expansion of relations with all counterparts, especially considering the positive outlook for Iran’s trade relations with other countries, after the landmark agreement between Iran and [P5+1 countries],” the ECA says in a statement.