BANQUE DU LIBAN
Biography of Second Vice Governor
SAAD A. ANDARY
Second Vice-Governor, Banque du Liban
Saad Andary was appointed as the Second Vice-Governor of the Banque du Liban (the Central Bank of Lebanon), on April 1, 2009. He is a member of the Bank’s Central Council, and of the Open Markets’ Committee. He chairs the joint BDL-Banking Control Commission Financial Stability and Early Warning System Committee, and the Scientific, Technical, and Ethical Qualifications Committee. He is also “Membre du Conseil de Surveillance de l’Ecole Supérieure des Affaires”. He oversees the Banks’, Financial Stability, and Training and Development Institute at BDL.
Mr. Andary held several senior executive positions in the financial sector including, Deputy General Manager (BBAC), General Manager (Kuwaiti Interests for Financial Investments), and Head of Treasury (Arab Bank, Lebanon). He Chaired the Association of Banks' Human Resources Committee, and was until his last appointment member of the Board of Directors of Capital Insurance & Re-Insurance. In the Academic field he served for many years as the Director of the Institute of Money & Banking at the American University of Beirut, and as Associate Professor at the Lebanese American University’s Business School.
Mr. Andary served as Chairman of the International Chambers of Commerce’s Anti-Corruption Commission. He was instrumental in directing “Lebanon’s Young Entrepreneurship” initiative, which was launched by BDL in 2009 with support from ESA and the civil society. This initiative started its activities by holding networking events bringing together stakeholders and local and international backers to build economic capacity supported by the financial sector.
Mr. Andary holds a Ph.D. (Econ.) from the University of Aberdeen (U.K.); M.A. (Econ.) from Durham University (U.K.); and B.A. from A.U.B.