New chief of EFSA Walid Hegazy (Photo: Ministry of Investment)
Walid Hegazy has been appointed as head of the Egyptian Financial Supervisory Authority (EFSA) by Investment Minister Yehia Hamed.
Hegazy, who will replace Ashraf El-Sharkawy, has over 15 years of legal experience with a focus on Islamic banking and finance, project financing, corporate restructuring and corporate governance.
He is founder and managing partner of Hegazy and Associates, a Cairo-based international law firm.
The minister thanked El-Sharkawy, who was head of the EFSA during the turbulent times following the January 2011 revolution and oversaw the resumption of trading on Egypt's stock exchange after unrest forced it to close.