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Board of Directors

Biographies of Board Members

H.E. Mr. Adnan Kassar

Executive Director
Chairman of the Board of Directors
Born in 1930 - Lebanon

H.E. Mr. Adnan Kassar is the Chairman & CEO of Fransabank Group and member of the Board of Directors of BLC Bank SAL and Fransabank (France) SA. He is also the Chairman of the Supervisory Board of Fransabank OJSC in Belarus. He and his brother Adel acquired Fransabank in 1980. Mr. Kassar served as Minister of Economy and Trade in Lebanon from 2004 to 2005 and Minister of State in Lebanon from 2009 to 2011. He was the first Arab businessman elected Chairman of the International Chamber of Commerce (ICC) and headed the World Business Organization from 1999 to 2000. He is also former President of the Lebanese Federation of Chambers of Commerce, Industry and Agriculture in Lebanon and headed this Federation for over thirty years (from 1972 to 2002). He is the Honorary President of the Lebanese Economic Organizations and Honorary Chairman of the Arab Union of Chambers which groups millions of companies and associations from the 22 member Arab countries. He is the Honorary Chairman of the Silk Road Chamber of International Commerce (SRCIC) elected in 2016. Mr. Kassar has received global awards and high distinguished decorations from many Heads of States and International Organizations including the Oslo Business for Peace Award in 2014 and the “China Arab Outstanding Contribution” Award from China’s President Xi in 2016. He holds a law degree from Saint Joseph University, Beirut and an Honorary Doctorate from the Lebanese American University.​
Mr. Adel Kassar

Executive Director
Deputy Chairman of the Board of Directors
Born in 1932 - Lebanon

Mr. Adel Kassar is the Deputy Chairman and Chief Executive Officer of Fransabank Group. He is the Chairman of the Board of Directors of Fransabank (France) SA. He is also the Chairman of the Board of Directors and General Manager of Bancassurance SAL and Lebanese Leasing Company SAL. He is member of the Board of Directors of BLC Bank SAL and member of the Supervisory Board of Fransabank OJSC in Belarus. He and his brother Adnan acquired Fransabank in 1980. He is a former Chairman of the Association of Banks in Lebanon and is the Honorary Consul General of the Republic of Hungary in Lebanon. He holds a degree in Lebanese and French law from Saint Joseph University, Beirut, affiliated to the Faculty of Law of Lyon, France.
Mr. Antoine Jeancourt Galignani

Non-Executive Director
Chair of the Audit Committee & the Corporate Governance Committee​
Born in 1937 – France

Mr. Antoine Jeancourt Galignani started his career at the French Ministry of Finance and later joined Chase Manhattan Bank in New York and Crédit Agricole. He was appointed as Managing Director, then Chairman of Bank Indosuez. He was also member of the Board of Directors of Banque Saudi Fransi, in Saudi Arabia and the Chairman and CEO of AGF, which was later acquired by Allianz Group and the Chairman of the holding company of SNA. He also served in numerous Boards such as TOTAL, Bouygues and Société Générale and he chaired the Board of the Institute of International Finance in Washington from 1991 to 1994. Mr. Galignani was until the 1st of December 2012 the Chairman of the Board of Eurodisney France. He holds a master degree in economics and political sciences from ENA, France.​
Mr. Bernd Tümmers
Non-Executive Director

Born in 1947 – Germany

Mr. Bernd Tūmmers began his career working in various roles for large manufacturing, engineering and construction companies in Germany and the US, before settling in for a longer stint at Ford Europe, where he prepared investment decisions for its European subsidiaries. In 1980, he made the move to his long-term employer Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Cologne - member of the KFW Banking Group. Starting as an Investment Manager executing transaction in South Asia, he then progressed to Head of Department in charge of DEG’s overall activities in both South and East Asia; before accepting a role as Senior Vice President, as which Mr. Tūmmers was responsible for DEG`s investments in approximately 500 companies worldwide with an investment volume of approximately USD 6 billion for over a decade. After an internal restructuring of the company, Mr. Tümmers transitioned to a senior VP role in charge of structured finance globally, where he oversaw the execution of on average 100 transactions annually worth circa USD 1.2 billion. After his retirement in 2012, he founded a consulting firm and became a partner of AdminiStraight GmbH, a company advising German companies in different fields. Throughout his career, he has served as a director on numerous boards across multiple industries on behalf of DEG in Asia, Africa and Eastern Europe. He holds an MBA from University of Cologne, Germany.

The Public Institution for Social Security - Kuwait

Non-Executive Director

The Public Institution for Social Security is a public institution which has an independent budget and is under the supervision of the Minister of Finance. The Institution has a Board of Directors, chaired by the Minister of Finance and a General Manager who is responsible for executing the policy as drawn-up by the Board of Directors. The Public Institution for Social Security is represented by Mr. Mohammad Al-Qassar in the Board of Directors.

Mrs. Magda Rizk

Non-Executive Director
Born in 1957 – Lebanon

Mrs. Magda Rizk is the owner and manager of Rizk Real Estate and Agricultural Properties. She was member of the Risk Management Committee at Fransabank SAL until December 2016. She was also a member of the Audit Committee at Fransabank SAL from 2008 to 2012. She is a specialized lawyer in property law and a member of the Beirut Bar Association. She holds a degree in Lebanese and French law from Saint Joseph University, Beirut.​

H.E. Mr. Walid Daouk, Esq.

Non-Executive Director
Born in 1958 - Lebanon

H.E. Mr. Walid Daouk, Esq is a specialized lawyer in commercial law, civil corporate and property law. He started his career in 1981, as an associate in Takla & Trad law firm becoming thereafter a partner. In 2005, he occupied the position of Vice Chairman at the International Affairs Commission at the Beirut Bar Association, and in 2008, he became a member of the Arbitration Commission. In 2011, he was appointed Minister of Information and Minister of Justice per interim. After the termination of his appointment in 2014, he resumed his practice as lawyer, legal consultant and managing partner in above mentioned firm. He is a lawyer and legal advisor for multinational and Lebanese companies performing business in various fields. Also, he is a Board member of many corporations in Lebanon and abroad including Fransabank SAL, Fransabank (France) SA, Fransabank El Djazaïr SPA, BLC Bank SAL, Semiramis SAL, Beirut Waterfront Development SAL, Tourism and Hotel Development Company SAL. He was a member of the Board of Directors of the Council for Development and Reconstruction of Lebanon (CDR) 2001-2004. He is the Commissioner of the Lebanese Government at the Beirut Stock Exchange since 1994. He holds a degree in Lebanese and French law from Saint Joseph University, Beirut and had prepared a degree in business management at the Beirut University College.​

Mr. Rafic Charafeddine

Non-Executive Director
Born in 1939 – Lebanon

Mr. Rafic Charafeddine is a businessman, and has participations in various companies. He deals in construction projects and real estate investments.​

Mr. Nadim Kassar

Executive Director
Born in 1964 – Lebanon​

Mr. Nadim Kassar is the General Manager of Fransabank SAL. He is also Chairman and General Manager of BLC Bank SAL, Founder and Board Member of Fransa Invest Bank SAL (FIB), Founder and Chairman of Fransabank El Djazaïr SPA. In 2019, Mr. Kassar was elected as Vice-Chairman for the Association of Banks in Lebanon (ABL), where he was Board Member since 2001. In addition, he has been nominated Co-Chairman of Mastercard Middle East and Africa Advisory Board of Directors, while he occupied since 2005 the position of Board Member for Mastercard Incorporated Asia, Pacific, Middle East & Africa, APMEA Regional Board of Directors. Mr. Kassar is also a Board Member of the following institutions: Lebanese International Finance Executives (LIFE), NetCommerce, Interbank Payment Network (IPN) SAL, Credit Card Management (CCM) and Founder & Board Member of the American Lebanese Chamber of Commerce (ALCC). Mr. Kassar is also the General Manager of A.A. Kassar SAL. He holds a bachelor’s degree in business administration from the American University of Beirut.​

Mr. Mohamed Ali Beyhum

​Non-Executive Director
Born in 1963 – Lebanon ​

Mr. Mohamed Ali Beyhum started his banking career at Irving Trust in New York and spent 5 years with The Bank of New York, NY. He was then appointed Vice President and Senior Representative of The Bank of New York in their regional office in Beirut. In 2005, he joined Bankmed Group and was responsible for the strategic expansion and business development in the MENA region and the overall restructuring of the organization. In 2010, he was appointed as Executive General Manager at Bankmed Group and served on the boards of various banking group entities until 2018. In the 2nd quarter of 2019, he was elected as the Chairman of Valpre Capital. Mr. Beyhum holds a master’s degree in industrial management from Columbia University, New York and a bachelor of engineering in mechanical engineering from the American University of Beirut.

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