The Euromoney Lebanon Conference

Keynote

H.E. Mr Riad Salamé

Governor

Banque du Liban


His Excellency Mr Riad Salamé is the Governor of Banque du Liban, Lebanon's Central Bank, first appointed in August, 1993. He was reappointed for three consecutive terms in 1999, 2005 and 2011. Governor Salamé is assisted in his functions by four vice-governors and the Central Council. In this capacity, he chairs the following bodies: the Banque du Liban Central Council, the Higher Banking Commission, the AML/CFT Special Investigation Commission and the Capital Markets Authority. Mr Salamé is member of the Board of Governors at the International Monetary Fund (IMF) and the Arab Monetary Fund (AMF). On March 2009, Mr Salamé became the first Arab central bank governor to ring the New York Stock Exchange Opening Bell. In 2012, Mr Salamé chaired the IMF and World Bank Boards of Governors held in Tokyo. In the same year, Governor Salamé participated in the opening of the London stock exchange on the occasion of Lebanon Capital Markets Day. Starting July 1, 2013, Mr Salamé co-chairs the FSB Regional Consultative Group for the Middle East and North Africa for a term of two years. He is also the chairman of the AMF Board of Governors for 2013. Between 1973 and 1985, he acquired an extensive experience at Merrill Lynch (Beirut and Paris) that led to his designation from 1985 through 1993 as vice-president and financial advisor, a position that he occupied till his appointment as Governor of Banque du Liban. The main objective of Mr Salamé’s monetary policy has always been to safeguard the Lebanese currency, in order to ensure the basis of a continuous economic and social growth. Born on July 17, 1950 in Lebanon, son of Toufic Salamé and Renée Romanos, Mr Salamé attended the Jesuits’ College of Notre - Dame de Jamhour and then graduated with a BA in economics from the American University of Beirut. Mr Salamé has been presented with numerous awards and decorations since his appointment. In both 2003 and 2006, he received the Euromoney’s award for best central bank governor in the world. He was also presented with the Euromoney award for best central bank governor in the Middle East in 1996, 2005 and 2013. Mr Salamé has also received the Shield Award from “Bankers for a Better Future”, selected as one of the best 20 central bank governors in the world for 2004. In 2007, he was honoured by ABANA (the Arab Bankers Association of North America). Mr Salamé was also granted the Banker Magazine award for best central bank governor in the Middle East in 2008, 2009 and 2012. The World Union of Arab Bankers awarded him with the banking leadership award in 2008 and the award for best Arab central bank governor for the year in 2012-2013. In 2009, Mr Salamé received the Arab creativity award in economics, presented by His Royal Highness Prince Khalid Al Faisal, chairman of the Arab Thought Foundation. Later that same year Mr Salamé was awarded the Officer of the Legion of Honour which was bestowed upon him by French president Nicolas Sarkozy on December 31, 2009. Mr Salamé was also awarded the Knight of the Legion of Honour by French president Jacques Chirac on May 31, 1997. In 2010, he received the man of the year award from the International Chamber of Commerce and was granted the shield award for creativity and sagacity by the Lebanese International Business Council in Michigan. In 2011, Global Finance magazine named Mr Salamé as one of the World’s Top 6 Central Bankers. In April 2014, Mr Salamé was awarded the shield award of the Rotary annual congress in Lebanon and “Paul Harris” medal in honour of his achievements. The Union of Arab Banks then honoured Mr Salamé with the gold-plated shield award to mark Banque du Liban’s 50th anniversary as well as his 20 years with the Central Bank. Mr Salamé was celebrated as one of the Best Central Bank Governors of the World as awarded by the Global Finance Magazine in its Central Banker Report Cards 2016.


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