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 the appropriateness of the strategy and the extent of its success.

RAYA HAFFAR EL HASSANChairperson > View Profile

Raya Haffar El Hassan

Ms. Raya El Hassan serves as Chairperson of Bankmed S.A.L. as of October 2020, and served 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, Saudi Lebanese Bank S.A.L, and BankMed (Suisse) S.A.


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.



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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.

Nada Abdelsater, Esq.Board Member> View Profile

Nada Abdelsater, Esq.
Board Member


Nada Abdelsater, Esq. serves as an Independent Member of the Board of Directors of Bankmed since October 2020.

Me. Abdelsater is an international lawyer admitted to the Courts of New York and Lebanon. She is a legal specialist in banking law, money tracing and asset recovery, complex banking and finance transactions, syndicated loans, financial engineering, financial restructuring, M&A, project finance, Islamic banking, foreign investment projects, corporate governance restructuring, and other legal sectors. She was named more than once as “Leading Lawyer” by reputed international guides. She earned international recognition for her work in corporate governance and ethics. She is the recipient of the Corporate Governance Rising Star Award, 2009, Yale University (School of Management, the Millstein Center) and has received other medals and decorations.

Me. Abdelsater holds a Masters in Law from Harvard Law School (LL.M 1999), a Lebanese and French Master Law degree from University Saint Joseph in Beirut (1998), a Bachelor of Science from the American University of Beirut (1994) and has completed the M.A coursework in International Affairs at the Lebanese American University (1994). Me. Abdel Sater taught law and corporate governance at the American University of Beirut, Business School.

GROUPMED S.A.L. (HOLDING)Member> View Profile

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

OUSSAMA SALMANGroup General Counsel and Corporate Secretary> View Profile

Oussama Salman, Esq.

Group General Counsel and Corporate Secretary


Oussama Salman, Esq. is the Group General Counsel and Corporate Secretary at Bankmed Group which includes banking and financial institutions in Switzerland, Turkey, Cyprus, Iraq, Kingdom of Saudi Arabia, U.A.E. (DIFC), and Lebanon.


Me. Salman is Board member at GroupMed insurance and reinsurance entities where he served as Group Chief Legal Officer (2010-2018).  

Me. Salman is admitted to Beirut Bar Association and holds a Master of Laws (LL.M.) in International Legal Studies from Georgetown University Law Center (Washington D.C., U.S.A.), a Law Degree from the Faculty of Law and Political Sciences at Saint Joseph University (Beirut, Lebanon), in addition to completing the  Corporate Governance Program at Harvard Business School, Executive Education (Boston, MA, U.S.A.).


Me. Salman also holds the Corporate Directors Certification from the International Finance Corporation (IFC), the Award in General Insurance from the Chartered Insurance Institute (U.K.), the Foundational Financial Accounting Certificate from the Institute of Management Accountants, in addition to completing other professional trainings in Financial Statement Analysis, Valuation, Budgeting, Trust, Compliance, Risk, and Anti Bribery & Corruption.

The Board Committees include the: Audit Committee, Risk Committee, Remuneration Committee, Compliance and Combatting Financial Crimes Committee, as well as the 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 established the Compliance and Combatting Financial Crimes 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 established a Corporate Governance and Nomination Committee to oversee the corporate 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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