Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor

  • Commercial International Bank (CIB) in Egypt has hired Tony Prestedge as an executive advisor to its board of directors.
  • Prestedge is a veteran banker with experience in strategic reviews, corporate governance, digital transformation, and sustainability.
  • His previous roles include deputy CEO at Nationwide Building Society and Santander UK, where he led private banking and consumer finance.
  • Prestedge is expected to drive CIB’s transformation towards more accessible and digital financial solutions for customers.
  • He will step down from his current role as global head of banking and payments at Capco.
  • CIB also announced the appointment of Neveen Sabbour as non-executive chair and the reappointment of Hisham Ezz Al-Arab as CEO and board member.
  • These appointments aim to support CIB’s transformation efforts and future leadership development.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

NYSE Faces $9 Million Fine from SEC Over Trading Glitch

Regulatory action follows significant trading errors affecting market operations.Highlights: NYSE fined $9 million by SEC for a trading...

Stablecoin Startup Kast Raises $80 Million to Accelerate Growth

Funding aims to expand operations and enhance offerings in the stablecoin sector.Highlights: Kast raises $80 million inSeries A...

Nasdaq Connects European Trading Venues to Seturion Tokenized Asset Platform

New integration aims to enhance trading efficiency in Europe.Highlights: Nasdaq links European trading venues to Seturion platform.Integration focuses...

Irish Banks Launch P2P Payments Service to Enhance Digital Transactions

New service aims to simplify peer-to-peer money transfers in Ireland.Highlights: Irish banks have introduced a new P2P payments...