Finablr announces resignation of Karim Awad

Maria Nikolova

Karim Aly Awad Saleh Salama has resigned as a Director with immediate effect.

Provider of cross-border payments, FX and payment technology Finablr PLC (LON:FIN) has earlier today posted a brief notice, announcing that Karim Aly Awad Saleh Salama has resigned as a Director with immediate effect.

On behalf of the Board, Chairman Michael Tomalin placed on record the appreciation of Karim Awad’s contribution during his time with the company.

Karim Aly Awad Saleh Salama is Group Chief Executive Officer, Chairman of the Executive Committee and a member of the board of directors of EFG Hermes Holding. Since assuming leadership of the firm in 2013, he has led EFG Hermes’ return to profitability by cutting unwarranted expenses, selling non-core assets and distributing excess cash to shareholders.

Starting in 2014, he worked with top tier professionals across the company’s different divisions in building a comprehensive regional advisory pipeline; extending its leadership as the Arab world’s largest securities brokerage; continuing to lead its peers in like-for-like rankings as an asset manager; successfully refocusing private equity business; and continuing to provide the region’s highest-quality research offering.

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