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FT Lebanese Banking Forum

Strengthening Resilience and Building Confidence

London |
Speakers include:
Riad  Salamé

Riad Salamé

Banque du Liban

Joseph Torbey

Joseph Torbey

Association of Banks in Lebanon

Justine  Walker

Justine Walker

UK Finance

Overview

The banking sector continues to play a leading role in sustaining Lebanon’s economy and efforts are focused on building financial stability and resilience. The country is navigating its way through the uncertainties it faces, including those posed by high levels of public debt, and exposure to volatile regional geopolitics and security threats.

The Lebanese Banking Forum, organised by Financial Times Live in partnership with the Association of Banks in Lebanon, will explore the prospects for collaboration and look at the steps being taken to drive economic growth and strengthen the integrity of Lebanon’s banking system. Senior banking executives from Lebanon will be joined by international thought-leaders, experts and correspondent bank representatives to discuss areas of mutual interest, such as fighting finance fraud and money laundering, and the issues surrounding regulation and compliance.

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fallback Add to my Calendar 11/14/2017 08:15:0011/14/2017 14:00:00trueFT Lebanese Banking Forum The banking sector continues to play a leading role in sustaining Lebanon’s economy and efforts are focused on building financial stability and resilience. The country is navigating its way through the uncertainties it faces, including those posed by high levels of public debt, and exposure to volatile regional geopolitics and security threats.The Lebanese Banking Forum, organised by Financial Times Live in partnership with the Association of Banks in Lebanon, will explore the prospects for collaboration and look at the steps being taken to drive economic growth and strengthen the integrity of Lebanon’s banking system. Senior banking executives from Lebanon will be joined by international thought-leaders, experts and correspondent bank representatives to discuss areas of mutual interest, such as fighting finance fraud and money laundering, and the issues surrounding regulation and compliance.FT-Lebanese-Banking-Forum-070729e74fc9948da1c90d1c3755a80fMM/DD/YYYY

2017 Photos

View photos from the 2017 event here:

LBF Photos

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Keynote Speakers (1)

Riad  Salamé

Riad Salamé

Governor
Banque du Liban

Riad Salamé has been the Governor of Banque du Liban, Lebanon's Central Bank, since 1993. He was reappointed for four consecutive terms in 1999, 2005, 2011 and 2017. Governor Salamé manages all aspects of the Central Bank and is assisted in his functions by four vice-governors and the Central Council. In this capacity, he chairs the BDL Central Council, the Higher Banking Commission, the AML/CFT Special Investigation Commission and the Capital Markets Authority. Mr Salamé is member of the Board of Governors at the International Monetary Fund (IMF) and the Arab Monetary Fund (AMF). In 2012, he chaired the IMF and World Bank Boards of Governors in Tokyo. In 2013, he co-chaired the FSB Regional Consultative Group for the Middle East and North Africa for a two-year term and was also the Chairman of the AMF Board of Governors for 2013. Between 1973 and 1985, Mr Salamé acquired an extensive experience at Merrill Lynch (Beirut and Paris) that led to his designation from 1985 through 1993 as Vice-President and Financial Advisor, a position that he occupied until his appointment as BDL Governor. The main objective of Mr Salamé’s monetary policy has always been to safeguard the Lebanese currency, in order to ensure the basis of a sustained economic and social growth. Governor Salamé attended the Jesuits’ College of Notre-Dame de Jamhour and graduated with a BA in Economics from the American University of Beirut.

Speakers (10)

Joseph Torbey

Joseph Torbey

Chairman
Association of Banks in Lebanon

Dr Joseph Torbey currently heads the Association of Banks in Lebanon (ABL) having previously served the same position for many mandates, the most recent of which started following elections in June 2017. He is also Chairman General Manager of the Banking Group Credit Libanais, one of the leading banking groups in Lebanon and the region. Dr Torbey is Chairman of the World Union of Arab Bankers (WUAB), the premier Arab Professional organization for Arab bankers and finance professionals, or those of Arab origin who assume an active role in the finance and banking communities, locally, regionally and internationally. He has served as Chairman of the Executive Committee of the Union of Arab Banks (UAB) since May 2007, and chaired the Union’s board for two consecutive mandates from April 2001-2007. He has been a Member of the Executive Committee and Member of the Board of Trustees of the Arab Academy for Banking and Financial Sciences in Jordan since 2001. He is co-founder and first Chairman of the Institut Supérieur d’Études Bancaires (ISEB) at St Joseph University in Beirut, Member of the Board of Trustees of the Arab Centre for the Development of the Rule of Law and Integrity (ACRLI) and Member of the Board of Trustees at Louaizeh University, Lebanon. Before chairing Credit Libanais Group, Dr Torbey served as Controller at the Lebanese Audit Court, Financial Controller at the Ministry of Justice and the Ministry of Foreign Affairs, and Head of the Taxation Department at the Ministry of Finance. Dr Torbey holds a PhD degree in Law from the University of Lyon and has followed extensive studies in Public Administration and Business Taxation at the University of Southern California. He was awarded Honorary Professor status at the University of Vienna.

Justine  Walker

Justine Walker

Director Financial Crime (Sanctions and Bribery)
UK Finance

Dr Justine Walker draws on a diverse career working across government, regulatory and international organisations. During her time in the UK Treasury’s counter terrorist and proliferation financing branch and the UK’s Financial Services Authority’s financial crime team she was an established member of the inter-governmental Financial Action Task Force.   Dr Walker has acted as a national expert on global financial sanctions and counter-terrorist financing issues and sits on numerous international expert groups.  She currently leads a United Nations National Agenda for Syria project examining sanctions and related humanitarian delivery issues.  Formerly based in Central Asia with the United Nations Office of Drugs and Crime, she worked on programmes surrounding weapons/drugs trafficking, corruption and money laundering.

On behalf of the IMF, Dr Walker has been a regular visitor to Nigeria in support of financial crime and anti-corruption capacity building.  She has acted as a good governance adviser for the OSCE and regularly works with international aid organisations on managing sanctions/terrorist financing risks within conflict and fragile environments. Within UK Finance, Dr Walker runs their programme on sanctions compliance and counter terrorist financing. This is a role which involves working across 200 global members operating in over 100 countries.  Dr Walker chairs the European Banking Federation sanction working group, is co-chair of the UK government’s counter terrorist financing expert group and is an AML/CFT advisor to the ‘Alliance for Financial Inclusion’ on de-risking and access to finance issues.

Saad  Azhari

Saad Azhari

Chairman and General Manager
Blom Bank

Saad Azhari has been the Chairman of BLOM Bank since 2008, after having been the Vice Chairman and General Manager of BLOM Bank between 2001 and 2007. Mr Azhari also assumes several functions on the board of directors of BLOM Bank Group’s entities. In addition he has been the Vice President of the
Association of Banks in Lebanon since 2001. He joined BLOM Bank, Switzerland, in 1991, and was appointed its General Manager in 1997 and its Chairman in 2001. He worked from 1986 to 1991 in PBZ Privatbank, an affiliate of UBS Group in Zurich, where he was promoted to run, from Zurich, the Bank’s
operations in the Middle East and in its Hong Kong offices. Mr Azhari has a Masters degree in Computer Engineering and an MBA, both from the University of Michigan-Ann Arbor in the USA.

Freddie Baz

Freddie Baz

Vice Chairman and Group Strategy Director
Bank Audi

Freddie Baz joined Bank Audi in 1991 as Advisor to the Chairman and founded the Secretariat for Planning and Development at the bank. As Group Strategy Director, he is now responsible for the development of the Group strategy and for its oversight and communication, internally and externally. In addition to his duties as Group Strategy Director, Dr Baz held the position of Group Chief Financial Officer from 2006 to 2015. In June 2015, Dr Baz was appointed Vice-chairman of the Board of Directors of Bank Audi and Bank Audi’s representative on the Board of Directors of the Association of Banks in Lebanon. He is also the Chairman of the Board of Directors of Bank Audi France, a fully owned subsidiary of Bank Audi, and a member of the Board of Directors of several affiliates of Bank Audi. Furthermore, he is the General Manager of Bankdata Financial Services which publishes Bilanbanques, the only reference in Lebanon that provides an extensive structural analysis of all banks located in Lebanon, in addition to other specialized periodicals and reports. Dr Baz is also the author of several publications and articles, and a permanent lecturer in Arab and international academic and professional conferences. He holds a State PhD degree in Economics from the University of Paris I (Panthéon – Sorbonne).

Michael  Cole-Fontayn

Michael Cole-Fontayn

Chairman
Association for Financial Markets in Europe

Michael Cole-Fontayn is Chairman of the Association for Financial Markets in Europe, an industry organisation representing its membership as the voice of Europe’s wholesale financial markets.

Mr Cole-Fontayn previously spent 35 years with BNY Mellon, the last 7 years serving as Chairman of BNY Mellon Europe, Middle East and Africa. In that role, he was responsible for BNY Mellon’s governance culture in Europe, Middle East and Africa (EMEA) and led regional strategy development, execution and the delivery of enterprise initiatives in the region. Mr Cole-Fontayn joined BNY Mellon over 35 years ago, starting initially as a credit and risk analyst. He was then appointed as a corporate finance banker to special industry clients, including Securities, Oil and Gas and Telecoms between 1986 and 1993. He then joined the Depositary Receipts (DR) division where he continued to work on many DR equity capital raising transactions, including numerous privatisations and equity offerings around the world. He ran BNY Mellon's Issuer Services Group in Hong Kong for seven years from 1993-2000, before serving as CEO of the company’s global Depositary Receipts business. He was BNY Mellon’s EMEA Chairman from 2011 to 2017. 

External to AFME, Mr Cole-Fontayn sits on numerous financial service industry associations. He is a member and co-chair of the Wholesale Banking Group of the European Financial Services Chairman’s Advisory Council (EFSCAC), as well as a member of the advisory council for TheCityUK, and FICC Markets Standards Board Advisory Council. He has been a member of the BritishAmerican Business International Advisory Board and a member of the Official Monetary and Financial Institutions Forum (OMFIF) Advisory Board. He is also a Board and Executive Committee Member of the Global Financial Markets Association (GFMA). He is 30% Club mentor of the Year 2017, trustee of a mental health charity – the Charlie Waller Memorial Trust – and Director of Ranmore Strategic Advisory.

Walid Raphael

Walid Raphael

Chairman and General Manager
Banque Libano-Française

Walid Raphael, Chairman and General Manager, Banque Libano-Française Mr Walid Raphael has been Chairman of the Board of Directors of Banque Libano-Française SAL since September 2014 and General Manager of the Bank since March 2010. He is also the Chairman and General Manager of Libano-Française Finance SAL and member of the Board of Banque SBA (France) and LF Finance (Switzerland). Mr Raphael began his banking career in 1995 at Credit Agricole Indosuez, where he held several positions in both Paris and London, in the International Project Finance Department and in Capital Markets covering the emerging markets. He joined the General Management of the Bank in 2004 and was elected member of the Board of Directors and appointed Deputy General Manager in March 2006. Mr Raphael is also secretary of the board of the Association of Banks in Lebanon. He received a Masters degree in Law from Panthéon-Assas University (France), a Masters diploma in Banking and Financial Law from  Panthéon-Sorbonne University and an MBA from INSEAD.

Anurag  Bajaj

Anurag Bajaj

Managing Director and Global Head, Banks, Transaction Banking
Standard Chartered Bank

As the head of the Americas Transaction Banking business, Anurag leads a team responsible for developing and implementing trade, cash and securities services propositions for Standard Chartered’s Corporate and Financial Institution clients. He also leads sales, product, innovation and service teams globally for Correspondent Banking propositions offered to clients in 100+ countries.

Prior to this, Anurag was Head of Sales for the Correspondent Banking business. He has also worked in Product Management with responsibility for Standard Chartered’s Clearing and Liquidity Management products across 38 markets – ensuring the provision of payments, collections and liquidity management services for institutional clients.  Before joining Standard Chartered Bank, he was a consultant at Booz & Company in London, where he worked with financial services firms in strategy design / execution and operational turnarounds.

Anurag holds an MBA from the Wharton School at the University of Pennsylvania and a Master’s degree in Computer engineering from The University of Michigan, Ann Arbor.

Anthony  Fenwick

Anthony Fenwick

Global Head of Treasury & Trade Solutions AML Risk Management
Citi

Anthony Fenwick is the Global Head of the AML Advisory Compliance department for Citi’s Treasury and Trade Solutions (“TTS”). Anthony works closely with Global business and internal partners to ensure that TTS has effective AML controls.

Anthony has worked at Citi for 11 years all within AML Compliance, working on most of the major infrastructure and Compliance development projects Citi has undertaken including the implementation of the automated monitoring system and more recently the enhanced due diligence program for Citi cash management relationships with a focus on correspondent banking. Prior to Citi, Anthony worked at HSBC and Barclays Capital.  He has a Diploma in Investment Compliance from the UK Securities Institute in London.

Chahdan  Jebeyli

Chahdan Jebeyli

General Manager, Group Chief Legal and Compliance Officer
Bank Audi

Mr Jebeyli is the Group Head for legal and compliance, covering all Group Audi entities. He is a General Manager, member of the Group Executive Committee, Chairman of the Compliance Officers Committee of the Association of Banks in Lebanon and President of Compliance Officers Committee at the World Union of Arab Bankers. Prior to joining Bank Audi in 1997, he was the Managing Director for Legal and Compliance at Citibank - Middle East and North Africa. Before Citibank, was in private legal practice in the USA with focus on commercial and banking matters. He is a former Lebanese Judge and a member of the New York and American Bar associations. He has an LLM in International Banking from Boston University, School of Law.

Lauren Girard

Lauren Girard

Managing Director, Head of Global Financial Crimes Compliance, Treasury Services
JPMorgan

Lauren Girard is the GFCC Head for Treasury Services .  She manages the AML/BSA program for Treasury Services.  She has 18 years of experience working within Transaction Services. 

Prior to joining JPMorgan, Lauren was with Citigroup for 15 years. In her last role at Citigroup, she held the position of Global Head of AML Risk Management for Treasury and Trade Solutions, where she was responsible for ensuring appropriate AML and related controls are in place.

Lauren holds a JD from New York Law and a BA in Corporate Communications from Marywood University. She is ACAMS Certified.  

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Chairs and Moderators (2)

David Gardner

David Gardner

International Affairs Editor
Financial Times

David Gardner was born in Brussels, educated at St John’s College, Oxford, and he lives in Beirut. He is international affairs editor and associate editor at the Financial Times, which he joined in 1978, and has worked mainly as a foreign correspondent and writer on international affairs, reporting from more than 50 countries.

His assignments have included: Spain correspondent, Mexico & Central America correspondent, European Union correspondent, Middle East editor, South Asia bureau chief. He was the FT’s Chief Leader Writer from 2006 until 2010. In 2003 he won the David Watt political journalism prize for his writing on the Arab world. He is the author of “Last Chance: the Middle East in the Balance” (2009, I .B. Tauris, updated edition 2012), which was long-listed for the 2010 George Orwell book prize.

He was made a Senior Associate Member of St Antony’s College, Oxford in 2008. David Gardner has been a speaker at think-tanks and universities in Europe, the Middle East and the US. He is president of the Institute for Integrated Transitions (IFIT), an independent global NGO based in Barcelona, devoted to supporting domestically-led transitions in countries emerging from conflict or dictatorship.

James  King

James King

Africa and Middle East Editor
The Banker

James King is the Africa and Middle East Editor of The Banker. Prior to joining the magazine he worked for the economic research and consulting firm Oxford Business Group, in the United Arab Emirates and Thailand. He has also covered the global energy sector with The Oil & Gas Year, living and working in the US, Brazil, Canada and Peru. Mr King has a BA in International Relations from the University of Exeter and an MA from King’s College London.

Agenda - 14th Nov

  • 8:15am
    Registration and networking
  • 9:00am
    Opening remarks

    David Gardner, International Affairs Editor, Financial Times 

  • 9:05am
    Welcome Address

    Joseph Torbey, Chairman, Association of Banks in Lebanon

  • 9:30am
    Keynote Address and Interview: The road to monetary and fiscal stability

    Riad Salamé, Governor, Banque du Liban

    Moderator:  David Gardner, International Affairs Editor, Financial Times 

  • 10:00am
    Panel discussion: Navigating the uncertainty to sustain the economy

    This session will look at the prospects for economic recovery and reform as Lebanon strives to reinvigorate growth, competitiveness and investment.

    • Mitigating the impact of the Syrian crisis and the fundamental threats to Lebanon’s economic growth
    • The outlook for offshore gas and its economy impact. Latest on the licensing round
    • Progress in stimulating Lebanon’s knowledge economy through the 331 initiative and central bank guarantees

    Saad Azhari, Chairman, Blom Bank

    Freddie Baz, Vice Chairman and Group Strategy Director, Bank Audi

    Michael Cole-Fontayn, Executive Vice President and EMEA Chairman, BNY Mellon 

    Moderator:  David Gardner, International Affairs Editor, Financial Times 

  • 11:00am
    Networking break
  • 11:30am
    Special focus: Addressing the de-risking trend in correspondent banking relationships

    Assessing the effect of de-risking on Lebanon’s banks and measures to reverse the trend and enhance the correspondent banking network.

    Walid Raphael, Chairman and General Manager, Banque Libano-Française

    Anurag Bajaj, Managing Director and Global Head, Banks, Transaction Banking, Standard Chartered Bank 

    Anthony Fenwick, Global Head of Treasury & Trade Solutions AML Risk Management, Citi 

    Moderator: James King, Africa and Middle East Editor, The Banker

  • 12:15pm
    Interactive debate: Strengthening Lebanon's financial integrity

    This interactive panel will focus on Lebanon’s commitment to international banking standards and the regulation, compliance and sanctions needed to maintain confidence in the banking system.

    • Steps taken to strengthen the AML and CTF regulatory environment and risk assessment framework
    • What is being done to enhance international tax compliance and exchange of information?
    • Best practices in fraud prevention and managing financial crime risk and compliance

    Chahdan Jebeyli, General Manager and Group Chief Legal and Compliance Officer, Bank Audi

    Justine Walker, Director of Financial Crime (Sanctions and Bribery), UK Finance 

    Lauren Girard, Managing Director, Head of Global Financial Crimes Compliance, Treasury Services, JPMorgan

    Moderator: James King, Africa and Middle East Editor, The Banker

  • 1:00pm
    Summing up and closing remarks

    James King, Africa and Middle East Editor, The Banker

  • 1:10pm
    Lunch

Why Attend

1. Identify opportunities for collaboration in correspondent banking          
2. Understand the prospects for economic recovery in Lebanon   
3. Assess how Lebanon is building financial stability and resilience              
4. Discuss measures to reverse the de-risking trend           
5. Hear about how the AML and CTF regulatory environment is being strengthened         

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Who attends

This event will gather senior banking executives from Lebanon, international thought-leaders, experts and correspondent bank representatives. Attendance is by invitation only. Applicants will be considered subject to availability of seats and meeting the above criteria.

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Accommodation

To reserve a room at the venue at a preferential rate, please follow this link: https://www.starwoodmeeting.com/events/start.action?id=1708238148&key=14B6E520   

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Organised By (1)

Established in 1959, the Association of Banks in Lebanon (ABL) is a professional industry association with a key mission to effectively promote the interests and public image of the Lebanese banking sector. ABL contributes additionally to public policies debates and economic and financial legislations. It acts also as a coordinator among banks on common issues regarding standards, procedures, technology, etc. ABL accomplishes its goals set by the Board through the work of its professional staff, organized under a General Secretariat, which provides support services including data dissemination and human capital training, and the co-operative efforts of banks' representatives in Working Committees.

Venue

Sheraton Park Lane Hotel
Sheraton Grand London Park Lane Hotel
Piccadilly
London W1J 7BX

United Kingdom

Tel: 02036843643

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Contact Us

Luke McGreevy
Head of Commercial - Middle East and Africa
Financial Times
Ailsa Matkevich
Speaking Opportunities
Financial Times
Marianne Ford
Media Partner and Press Enquiries
Financial Times
Niamh Meehan
Media Partner & Press Inquiries
Financial Times