Latest news with #KarimSaeed
National News
05-04-2025
- Politics
- National News
Labor Union praises new Central Bank Governor's positions, emphasis on returning depositors' funds
NNA - In an issued statement by General Labor Union Head, Bechara Al-Asmar, he praised "the honorable stances of Lebanon's new Central Bank Governor, Karim Saeed, who emphasized the return of depositors' funds through a transparent action plan and roadmap, based on placing the burden of losses resulting from the financial collapse and chaos that has prevailed since the outbreak of protests in late 2019, and the resulting smuggling of funds and the random disposal of other assets, on three parties - the state, the banks, and the Central Bank of Lebanon." The Union also congratulated the new Governor on his intention to conduct a thorough investigation to determine responsibilities to bring those involved to justice before the judiciary. "This falls within the framework of good governance, responsible and independent of all political interference, as the Governor declared in his statements," Al-Asmar added. "The General Labor Union, the most representative body of all Lebanese laborers in various sectors, and the one most affected by the evaporation of deposits and the lack of any clear and planned plan to return them, looks with aspiration to the new Governor, Mr. Karim Saeed, hoping that all concerned will cooperate constructively with him so that he can establish the beginning of solutions that restore confidence to depositors in their certain right to recover their lifetime's earnings and compensation," Al-Asmar concluded.
National News
30-03-2025
- Politics
- National News
Central Bank Governor attends Sunday Mass in Bkirki, holds closed meeting with Al-Rahi
NNA - Lebanon's new Central Bank Governor Karim Saeed took part in Sunday Mass in Bkirki this morning, presided over by Maronite Patriarch Bechara Boutros Al-Rahi. The Patriarch warmly welcomed the new Governor, wishing him success in his difficult and delicate mission, raising prayers for his success for the good of Lebanon and the Lebanese. After the Mass, Patriarch Al-Rahi held a private meeting with Saeed, and then they cut a cake together to mark the Feast of the Annunciation and the anniversary of the Patriarch's accession to the patriarchal throne.
Shafaq News
27-03-2025
- Business
- Shafaq News
Lebanon appoints Karim Saeed as new Central Bank Governor
Shafaq News/ The Lebanese government appointed Karim Saeed as the governor of the central bank on Thursday following a cabinet vote. Saeed secured 17 votes out of the 24 cabinet ministers. Saeed replaces Wassim Mansouri, who had been serving as acting governor after Lebanon's prolonged presidential vacuum prevented a permanent appointment for more than two years. Who is Karim Saeed? Kareem Saeed is a seasoned financial, banking, and legal expert with extensive experience spanning several decades. A member of the New York State Bar Association since 1989, he holds a law degree from Harvard Law School, where he specialized in banking law and wrote his thesis on the US Glass-Steagall Act of 1933, which mandated the separation of commercial and investment banking services. Saeed is closely associated with the "Harvard Plan" for addressing Lebanon's economic crisis, which was funded by Growthgate Capital, a firm he co-founded and where he served as a managing partner. His expertise covers regulatory compliance, financial structuring, and capital markets. Between 1996 and 2000, he worked extensively on equity and banking securities issuances in Lebanon, ensuring adherence to the regulations of the Central Bank of Lebanon and the Lebanese Capital Markets Authority. Saeed also held the position of General Manager of Investment Banking at HSBC Middle East from May 2000 to May 2006. In late 2006, he founded Growthgate Equity Partners in the UAE, an alternative asset management firm focused on private equity investments across the Middle East and North Africa. Additionally, Saeed has worked closely with finance ministries and central banks in several Arab countries, including the UAE, Qatar, Oman, Kuwait, Bahrain, and Jordan.
