02 Board of Directors

The Board of Directors oversees the development of the Bank's overall business strategy and the decisions made by senior management in the pursuit of strategic objectives. The Board of Directors assesses both the appropriateness of the strategy, its probability, and even the extent of its success.

The Board of Directors is composed of nine real members. The majority, represented by eight members, are as follows: six are independent members and two are non-executive members.  This composition helps in strengthening the objectivity of the Board's monitoring and revision of activities. It also enables the members to allocate the necessary time and effort to fulfill their responsibilities.

Although it is not required by local regulations to separate the roles of the Chairman and the General Manager (CEO), the Board has nominated a separate senior Executive General Manager (EGM) to carry out many of the executive responsibilities vested in the General Manager’s role in order to achieve the appropriate checks and balances.

MOHAMMED HARIRIChairman-General Manager
Executive Board Member
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Mohammed Hariri

Chairman of the Board of Directors and General Manager

Mr. Mohammed Hariri is the Chairman-General Manager of Bankmed S.A.L. since July 14, 2005.

Mr. Hariri also serves as the Chairman of the Saudi Lebanese Bank S.A.L.  and of BankMed Suisse S.A. in Switzerland.

He is a member of the board of directors of the Association of Banks in Lebanon.

Mr. Hariri had previously served as a member of the board of directors of Arab Bank PLC, Jordan, and was a member of  Deutsche Bank PWM Middle East and Africa Advisory Board.

He has over 35 years of experience in the management of various international companies in the fields of Banking and Finance, Telecommunication, and Investment, and until 2016, he had served as chairman or board member at a number of these companies.

Mr. Hariri holds a Bachelor’s degree in Business Administration from the University of Ottawa, Canada.

NAZEK AUDI HARIRINon-Executive Board Member
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Nazek Hariri

Non-Executive Board Member


Mrs. Nazek Rafik Hariri, the wife of H.E. late Prime Minister Rafik Hariri, is the Vice Chairman of GroupMed, sal (Holding) in addition to being a Board Member of Bankmed SAL. Mrs. Hariri was also member of the board of the Arab Bank PLC for over two decades. She is also Member of the Board of Cleveland Clinic , the President of the Rafik Hariri Foundation and the President of the Board of Trustees of Rafik Hariri University and several other humanitarian, cultural, and educational institutions in the Lebanese Republic and in the Gulf region. Mrs. Hariri is the First Ambassador of the International Osteoporosis Foundation and the President of this Foundation’s 206-A Bone Fund. She is the President of Nazek Hariri Welfare Center for Special Education; President of the Beirut Festivals Association; Vice President of the Chronic Care Center, Lebanon; Member of the Board of Trustees of the Children’s Cancer Center, Lebanon; Member of the “Nahda Philanthropic Society for Women”, Saudi Arabia; Member of the Board of Trustees of the “Welfare Association", Member of the Board of Trustees of Jordan Education Association as well as Co-Chairperson of the Rafik Hariri UN-Habitat Memorial Award.

RAYA HAFFAR EL HASSANIndependent Board Member
Chairperson of the Group Audit Committee
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Raya Haffar El Hassan
Independent Board Member
Chairperson of the Group Audit Committee
Member of the Remuneration Committee


Ms. Raya El Hassan serves as an Independent Member on Bankmed’s Board of Directors since December 2011. She is also a Board Member of MedInvestment Bank S.A.L. and Saudi Lebanese Bank S.A.L.


From January 2019 until January 2020, Ms. El Hassan served as the Minister of Interior and Municipalities in Lebanon. Before that, she served as the Chairman-General Manager of Tripoli’s Special Economic Zone.


Prior to that, from November 2009 until June 2011, Ms. El Hassan served as the Minister of Finance in Lebanon. Earlier in her career, Ms. El Hassan was the Advisor to the Minister of Economy and Trade. In the mid 90’s, she supervised the implementation of tax and expenditure management reforms at the Ministry of Finance and later served as Advisor at the Prime Minister’s Office, working on the elaboration of the Lebanese Government’s Economic and Social Reform Agenda.

Ms. El Hassan holds a Bachelor’s degree in Business Administration from the American University of Beirut, and a Master’s Degree in Business Administration from the George Washington University. In 2019, Ms. El Hassan was awarded an Honorary Doctorate in Humane Letters from the Lebanese American University and an Honorary Doctorate in Business Administration from the Beirut Arab University.



MICHEL ACCADExecutive Board Member
Member of the Group Risk Committee
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Michel Accad
Executive Board Member
Member of the Group Risk Committee


Mr. Michel Accad is the Executive General Manager of Bankmed and serves as an Executive Member on Bankmed’s Board of Directors.


Mr. Accad serves also as Chairman - General Manager of MedInvestment Bank and as Executive General Manager of Saudi Lebanese Bank.


Mr. Accad served as the Group Chief Executive Officer of Al-Ahli Bank of Kuwait (ABK) from May 2014 to April 2020. He assumed this position after having successfully led the turnaround of Gulf Bank, another Kuwaiti lender, and contributed to its return to profitability following the 2008 crisis.


Prior to that, from 2006 to 2009, Michel was the Assistant Chief Executive of Arab Bank PLC, based in Amman. Within this capacity, he had direct responsibility over all banking businesses globally, including Corporate and Investment Banking, Consumer Banking, Private Banking and Wealth Management, Treasury, and Credit.


Before moving to Arab Bank, Mr. Accad spent 27 years with Citigroup, which he joined in 1979. His last post with Citi was Managing Director and CEO for the Middle East and North Africa (MENA) Division, a unit that spanned presence in 10 countries and contributed over $1 BN to Citi’s bottom line.


Mr. Accad holds MBA with Honors from the University of Texas at Austin in 1978.

OUSSAMA SALMANGroup Corporate Secretary, Attorney at Law> View Profile

Oussama Salman

Group Corporate Secretary, Attorney at Law


Me. Oussama Salman serves as the Group Corporate Secretary, Attorney At Law, at Bankmed S.A.L. since October 1, 2018.


Before joining Bankmed S.A.L., Me. Salman served as Chief Legal Officer of GroupMed Insurance group and still serves as Board member in its various entities. Prior to that, Me. Salman worked at Ramzi Joreige & Partners Law Firm (Lebanon).

Me. Salman is admitted to Beirut Bar Association, and holds a Law Degree from the Faculty of Law and Political Sciences at Saint Joseph University (Lebanon) and a Master of Laws (LL.M.) in International Legal Studies from Georgetown University Law Center (Washington D.C., U.S.A.).   

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GroupMed is the principal shareholder of Bankmed and one of the largest banking and financial groups in Lebanon, with a growing regional presence.

The Board Committees include the: Audit Committee, Risk Committee, Remuneration Committee, Compliance and AML/CFT Committee, as well as Corporate Governance and Nomination Committee.

The Audit Committee assists the Board in the proper discharge of its duties, especially those related to selecting and enhancing the qualifications and independence of external and internal auditors, fairness of the financial statements and related disclosures. This Committee is also entitled to ensure compliance with applicable laws and regulations.

The Risk Committee assists the Board of Directors in fulfilling its tasks and supervisory role in properly applying the Bank's Risk Management framework as stipulated in the regulations issued by BDL  and the Banking Control Commission of Lebanon (BCCL) Circulars.

As per BDL Circular No. 133, the Bank established a Remuneration Committee for the purpose of setting the Remuneration Principles and standards for Bankmed’s staff of all levels. The Committee also oversees the proper implementation of both the Remuneration Principles and Remuneration framework.

As per the amendments of  BDL Circular No. 83, the Bank formed the Compliance and AML/CFT Board Committee to support the Board of Directors in its functions and supervisory role with respect to fighting money laundering and terrorist financing and understanding the related risks, and to assist it with making the appropriate decisions in this regard.

The Bank also formed a Corporate Governance and Nomination Committee to oversee the governance of the Bank.

The Board and its relevant Committees meet regularly with the Heads of Internal Audit, Risk and Financial Control to review policies and to ensure that control functions are properly staffed and that their responsibilities are carried out effectively. The Board, through its Committees and Senior Management, assesses the quality of Corporate Governance at the Bank on an ongoing basis. The assessment is based on the reviewed results of the activities at the Bank, completed by all control units and by the Bank’s independent examiners.


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