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Corporate Governance
Titre degradé
Governance

Paragraphe
M. Othman BENJELLOUN
M. Othman BENJELLOUN
MR. Othman BENJELLOUN
Chairman & Chief Executive Officer

Mr Othman BENJELLOUN is Chairman and Chief Executive Officer of BANK OF AFRICA Group, formerly Banque Marocaine du Commerce Extérieur, which was privatised in 1995, Chairman of O Capital Group Holdings, Chairman of Royale Marocaine d’Assurance and Chairman of Medi Telecom Orange.

He has been the Chairman of the Professional Association of Moroccan Banks -GPBM- since 1995 and was Chairman of the Union of North African Banks from 2007 to 2009.

Mr BENJELLOUN is the founder of BMCE Bank Foundation, which has two main aims:

  • Education, primarily combating illiteracy by building and managing community schools in rural areas in Morocco and Africa, and
  • Environmental protection. 

Mr BENJELLOUN was appointed as Chancellor of Al Akhawayn University of Ifrane between 1998 and January 2004 by His Majesty the late King Hassan II. In 2007, he was awarded an Honorary Fellowship by King’s College, London.

Since 1981, he has been an Adviser to the Washington-based Center for Strategic International Studies -CSIS- that was formerly overseen by Dr Henry Kissinger. In 2013, the CSIS conferred upon him the prestigious title of Honorary Trustee.

Mr BENJELLOUN has received a number of decorations including Officer of the Order of the Throne by His Majesty the late King Hassan II and Commander of the Order of the Polar Star by His Majesty the King of Sweden. Other distinctions include Commander of the National Order of the Republic of Senegal, Commander by Number of the Order of Isabella the Catholic by His Majesty King Juan Carlos of Spain, Commander of France’s Order of Arts and Letters and Commander of the Order of the Grand Star by the Republic of Djibouti.

On 7 April 2010, Mr BENJELLOUN was elevated to the rank of Commander of the Order of the Throne by his Majesty King Mohammed VI.

Born in 1932 in Casablanca, he is a graduate of École Polytechnique Fédérale de Lausanne in Switzerland. Mr BENJELLOUN is married to Dr Leïla Mezian Benjelloun, an ophthalmologist. They have two children, Dounia and Kamal.

Brahim-BENJELLOUN
Brahim-BENJELLOUN
MR. Brahim BENJELLOUN-TOUIMI
Director and General Manager

Mr Brahim Benjelloun Touimi is a Board Member and Deputy Chief Executive Officer of BANK OF AFRICA. As such, he is Member of the Strategy Task Force, an offshoot of the Board of Directors, responsible for assisting the latter in determining the Group’s medium- and long-term strategy and overseeing implementation of its strategic development plans. He is also a Member of the Chairman’s Committee, the body responsible for steering Group strategy.

As part of BANK OF AFRICA Group’s international strategy, Mr Brahim BENJELLOUN-TOUIMI is Chairman of BOA Group Luxembourg, a banking group in which BANK OF AFRICA Group has a stake of just under 73%, with operations in 17 countries in Africa. He is also Director of the Group’s European banking subsidiaries.

As far as his other posts are concerned, he is Chairman or Director of a number of Group companies in Morocco in investment banking and specialised financial services.

Within the framework of strategic partnerships with reference shareholders, Mr Brahim BENJELLOUN-TOUIMI is a Director of RMA, an insurance company and O Capital Group, its holding company. He is also Chairman of the Supervisory Board of EurAfric Information, a technology company and Director of Euro Information, a technology subsidiary of Crédit Mutuel Group-CIC.

Reflecting the Group’s commitment to corporate social responsibility, Mr Brahim BENJELLOUN-TOUIMI is a Director of BMCE Bank Foundation for Education and Environmental Protection.

He also sits on the Board of Proparco, a development finance institution as well as being a Director of the Casablanca Stock Exchange.

Born in 1960, Mr Brahim BENJELLOUNTOUIMI is a Doctor of Money, Finance and Banking from Université Paris I Panthéon Sorbonne. He began his career in financial markets in France and went on to become Head of Research within the Securities division at one of France’s leading investment banks. He joined BANK OF AFRICA in 1990.

He is married and has 3 children.

CHRAIBI-Mounir
CHRAIBI-Mounir
MR. Mounir CHRAIBI
Executive General Manager responsible for Group Functions and Operations

In November 2021, Mr Mounir CHRAIBI was appointed as Chief Operating Officer responsible for Group Functions and Operations. He is responsible for Group Finance as well as BANK OF AFRICA’s technology, legal affairs, logistics, quality and banking processing operations.

Mr CHRAIBI joined BANK OF AFRICA in 2010 as Deputy Chief Executive Officer responsible for the Group Information Technology & Process Division.

As such, he oversaw strategic projects such as designing its Banking and Insurance information systems -SIBEA-, converging the information systems of BANK OF AFRICA’s domestic and overseas subsidiaries, spinning-off the Bank’s back-office operations and managing the Bank’s digital transformation project.

Mr CHRAIBI is Chairman of the Board of BMCE Immobilier, a subsidiary responsible for proactively managing BANK OF AFRICA’s non-operating real estate portfolio and Chairman of the Board of Damancash, a Morocco-based payment institution. Since 2020, he has chaired the Morocco mobile payment services economic interest group -GP2M-.

He began his career in 1987 as Project Manager of Crédit du Maroc’s information systems master plan and then, from 1989 to 1994, was made Head of Organisation and Information Systems of the Office d’Exploitation des Ports. In 1994, he was appointed as Chief Executive Officer of the Office de la Formation Professionnelle et de la Promotion du Travail and then, in 2001, as Chief Executive Officer of the Caisse Nationale de la Sécurité Sociale.

In 2005, Mr CHRAIBI was appointed as Governor of the Marrakesh Tensift Al Haouz region which, during his tenure, attracted a high level of private sector investment and oversaw the launch of several major flagship public projects.

Born in 1963, Mr Mounir CHRAIBI is a graduate engineer of Ecole Polytechnique de Paris and Ecole Nationale Supérieure des Télécommunications de Paris. He was decorated Commander of the Order of Al Arsh Wissam by His Majesty the King in 2008. He is also a Commander of Belgium’s Order of Leopold.

 

Khalid NASR
Khalid NASR
MR. Khalid NASR
Executive General Manager responsible for CIB and Morocco

In November 2021, Mr Khalid Nasr was appointed as BANK OF AFRICA’s Chief Operating Officer responsible for CIB and Morocco. As such, he oversees a number of businesses – Banking in Morocco, Corporate & Investment Banking, International -outside Africa- and Loan Recovery.

Mr Khalid Nasr is a member of BANK OF AFRICA’s Chairman’s Committee and Group Executive Committee. He is also Chairman of the Supervisory Board of BMCE Capital, the Group’s investment banking division.

He also holds a number of directorships at Group entities such as Director of BOA Group, Chairman and Chief Executive Officer of BOA Capital, Director of Maghrebail and Director of BANK OF AFRICA United Kingdom.

Mr Khalid NASR has more than 25 years’ experience in finance, the majority of which has been spent in senior management positions. He began his career in France at one of Europe’s leading insurance companies. After gaining capital markets experience at a Moroccan bank, Mr Khalid NASR then joined BMCE Capital when it was founded in 1998. He was responsible for developing its capital markets businesses as Head of Fixed Income Trading and then, from 2005, as Head of the Dealing Room.

In 2010, Mr Khalid NASR was appointed as Chairman of BMCE Capital’s Supervisory Board, overseeing the entire investment banking business – Capital Markets, Asset Management, Wealth Management, Financial Advisory, Custody, Securities Brokerage, Financial Research, Real Estate, Securitisation and Private Equity. At the beginning of 2019, Mr Khalid NASR was appointed as Head of BANK OF AFRICA’s Corporate & Investment Banking division.

Mr Khalid NASR holds an Executive MBA from ESSEC Business School, Paris, a Master’s in Finance from ESC Marseilles and a Master’s in Mathematics from Marseilles’ Saint Charles University.

He is also the holder of a number of certificates in specialised disciplines such as Asset & Liability Management -ALMand Market Risk Management.

Born in 1967, Mr Khalid NASR is married and has three children.

AMINE BOUABID
AMINE BOUABID
MR. AMINE BOUABID
Executive General Manager responsible for Africa

In November 2021, Mr Amine Bouabid was appointed as Chief Operating Officer responsible for Africa 

In addition, since 2015, Mr Amine Bouabid has been Chief Executive Officer of BOA Group Luxembourg, a holding company within BANK OF AFRICA Group, which has operations in 17 African countries as well as in France, with consolidated total assets of EUR 9.4 billion in 2021 and more than 6,500 employees.

Between 2007 and 2016, i.e. for nearly 10 years, Mr Bouabid sat on the Board of Directors of BANK OF AFRICABMCE Group, which currently owns 72% of BOA Group S.A.

In 1996, Mr Bouabid was tasked with setting up SALAFIN, a consumer credit institution and subsidiary of BANK OF AFRICA-BMCE Group. He made a significant contribution to this company’s development until 2015.

In 2007, SALAFIN was floated on the Casablanca Stock Exchange. By 2015, its market capitalisation had reached USD 170 million, offering investors one of the highest investment returns in the market, with a ROE of 20% on USD 65 million of equity. SALAFIN currently employs 250 people and has total assets of USD 343 million.

Mr Bouabid began his professional career in 1992 as a financial analyst at Banque Commerciale du Maroc -BCM-. The following year, he joined the founders of Casablanca Finance Group -CFG- to participate in its start-up and development. As such, he helped set up a number of business lines at the fledgling investment bank – research and analysis, asset management, brokerage – of which he became Deputy Chief Executive Officer.

Mr Bouabid contributed significantly to Moroccan financial market reforms and helped launch the Casablanca Stock Exchange’s first stock market index.

Mr Amine Bouabid holds a master’s degree in information systems and an MBA from Drexel University in Philadelphia.

Khalid LAABI
Khalid LAABI
MR. Khalid LAABI
Delegate General Manager responsible for Group Risks

Since January 2019, Khalid LAABI, Deputy Chief Executive Officer, has been responsible for Group Risks, which encompasses risk management, risk analysis and loan commitments monitoring. In 2018, Mr Khalid LAABI was appointed as Deputy Chief Executive Officer responsible for Group General Control.

Mr LAABI has a wealth of experience acquired over more than 35 years within the Group, during which he has held a number of positions of responsibility, including Inspectorate Director of head office departments, the branch network and the overseas network and Chief Director responsible for the Audit and General Inspection Division.

As far as his functions are concerned, he is Associate Member and Secretary of the Group Risks Committee, Associate Member of the Group Audit and Internal Control Committee and Member of the Group Internal Control Coordination Committee.

He is also a Permanent Member of the Audit and Risks Committees of several BANK OF AFRICA Group subsidiaries, particularly in sub-Saharan Africa, as well as being a Director of BTI Bank, the Group’s participatory banking subsidiary, Director of BOA Holding, Director of Maroc Factoring and of RM Experts, the Group’s loan recovery subsidiary.

Since 2015, Mr LAABI has overseen implementation of the Convergence Programme for the Internal Control and risk functions within 25 subsidiaries. This is a major programme aimed at structuring the Group.

In addition, he is a highly regarded keynote conference speaker, sharing his expertise on a wide range of subjects including finance, risk management, internal audit, internal control and compliance.

Born in 1960, Mr Khalid LAABI is an Economic Science graduate specialising in The Theory of the Firm. He has undertaken training in a variety of disciplines, both in Morocco and overseas.

He is married and has two children.