About Details

Raed H. Charafeddine

First Vice-Governor, Banque Du Liban

Raed H. Charafeddine has served as the first vice-governor of the Banque du Liban, Lebanon’s central bank, since April 2009. He is the alternate governor for Lebanon at the International Monetary Fund (IMF) and the Arab Monetary Fund (AMF) and the alternate chairman of the Capital Markets Authority (CMA). In 2013, he was elected executive director for the Levant region at the AMF’s board of executive directors. Mr. Charafeddine represents Lebanon at the IFC committee on central bank statistics at the Bank for International Settlements (BIS) and is the national coordinator for Lebanon’s participation in the IMF’s General Data Dissemination System (GDDS). Mr. Charafeddine is also the co-chairman of the capacity building task force of the COMCEC Capital Market Regulators Forum.

At BDL, he chairs the information security management and Islamic banking regulatory committees and is a member of the bank’s central council (governing board), the open market, and the investment committees. He also oversees several areas at the bank, including: Strategy and corporate governance, Statistics and economic research, Information technology, BDL branch network, Cash operations.

Mr. Charafeddine is the chairman of the Advisory Council for the Islamic Finance Qualification (IFQ), an internationally-renowned certificate and a jury panelist in the “Lebanese Excellence Award”, Lebanon’s national quality award. Prior to assuming his current responsibility, Mr. Charafeddine had 20 years of banking experience. He held senior positions including deputy general manager, regional manager, and branch manager in leading commercial banks such as Fransabank and Byblos Bank in Lebanon as well as Mashreqbank in Dubai, U.A.E. As a lifelong activist, Mr. Charafeddine also served as a board member in several NGOs dealing with social justice as well as organizational, human, and local community development. In the academic realm, Mr. Charafeddine lectured at Harvard, Yale and INSEAD on the current challenges of the Arab transition, particularly on the economic, financial, social and cultural aspects. In Lebanon, he was a visiting lecturer at select universities where he facilitated graduate and undergraduate courses in strategic management, leadership, and leading change. He also trained senior staff in many corporations, educational institutions, governmental and non-governmental organizations and made numerous contributions to national and international forums on the issues of governance, quality management systems, conflict management, peace building, interfaith dialogue, and personal and group development.

Mr. Charafeddine holds masters and bachelor degrees in business administration from the University of North Carolina (Charlotte, USA) and participated in several executive education programs at Harvard University (Cambridge, Mass., USA).