Lamise Ali Negm, a seasoned banking expert and Top 50 Forum’s member, has commenced her role as an advisor to Dr. Mohamed Farid, the Chairman of the Financial Regulatory Authority, effective October 2024. This appointment follows a distinguished career marked by significant contributions to both domestic and international banking sectors.
In her new role, Negm will support the Financial Regulatory Authority (FRA) in realizing its ambitious vision to enhance the financial stability of non-banking financial markets and institutions. Simultaneously, she will contribute to achieving advanced levels of financial inclusion while ensuring fair and equal opportunities for all stakeholders, safeguarding their rights within transparent and ethical markets.
A Wealth of Experience
Negm has held leadership positions at several major banks, including Citibank Egypt, where she served as Vice Chairman. She has also been actively involved in various industry initiatives, such as chairing the Sustainable Development Committee at the Federation of Egyptian Banks.
Extensive Banking Journey
Lamise Ali Negm boasts a distinguished career, as she joined Citibank in 1993, where she held various positions and rose to the position of Vice Chairman of Citibank Egypt. She also served as a member of the Sustainable Development Committee at the Federation of Egyptian Banks in 2014. Further, she chaired the committee in 2020.She also played a key role in establishing the Central Bank’s CSR unit, promoting responsible practices among banks and fostering collaboration within the sector.
From 2017 to 2023, Negm held the position of Advisor to the Governor of the Central Bank for Corporate Social Responsibility. She initiated the establishment of a Corporate Social Responsibility unit at the Central Bank for the first time, making it a practice adopted by the banking sector. Lamise joined the board of directors of Misr Clearing in March 2020 as the first woman to join the board.
A Strong Commitment to CSR
Her interest in community work began in her family, where she was raised on community work. She contributed to supporting various activities such as the Ahl Masr Foundation, the Ingaz Foundation, and the Enactus Foundation, which work to develop the skills of young people and qualify them for the labor market.
Negm is a member of the board of directors of the Egyptian Food Bank, Forsa Hayah Foundation, Fahem Foundation for Psychological Support, Malyakat Al Aamal, Hayat Education Fund, and the Waladna Investment Fund, Hassan Foundation, AIG & GIG Insurance Company, Waqf Misr, Sharek el Basma, Taaleem Awlan Foundation, the Egyptian Exchange Company, the Arab Financial Services Company, the Eastern Company, and the Development and Empowerment Association, which focuses on developing the skills and empowering young people in Upper Egypt villages.
Negm graduated from the Faculty of Commerce at Ain Shams University and joined the banking sector before graduation, starting her training while still a university student. She worked at the National Bank of Egypt and Bank of America.
About FRA
Enshrined in the Egyptian Constitution, FRA is an independent regulatory body, established under Law No. 10 of 2009, and is responsible for overseeing and regulating non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, leasing, discounting, consumer finance, securitization, and financing for small, medium, and micro enterprises, as well as the movable collateral registry.
The FRA ensures the safety and stability of non-banking financial markets, regulates and develop them, and protects the rights of market participants; as well as issuing the rules that guarantee market efficiency and transparency of the activities conducted therein.
