Muhammad Layas
Encyclopedia
Mohammed H. Layas is a prominent Libyan
politician
and investment banker. He obtained a Bachelor of Arts
degree in Accounting and Business Management from the University of Benghazi, Libya, and a Diploma of the Institute of Economic Development, in Washington.
for Libya before the 1969 Al-Fatah Revolution which brought Muammar al-Gaddafi
into power. Currently, Mr. Layas is a member of the Libyan governments General People's Committee (GPCO) for Finance
.
, the only bank authorized to conduct international banking transactions during sanctions. Additionally, he has been Deputy Chairman for the British Arab Commercial Bank (BACB) in London, UK until 2004, and the Banque Inter Continentale Arabe, in Paris, France. He was also Director of the Arab International Bank in Cairo, Egypt - in addition to membership on the boards of several other banks and investment companies.
Mr. Layas is Director of Banco Atlántico
S.A. in Spain, and he joined the Board of the Bahrain based Arab Banking Corporation in 2001: Additionally, since 2006 he has been President and Chief Executive Officer
of the Libyan Investment Authority
.
Libyan
A Libyan is a person or thing of, from, or related to Libya in North Africa.The term Libyan may also refer to:* A person from Libya, or of Libyan descent. For information about the Libyan people, see Demographics of Libya and Culture of Libya. For specific persons, see List of Libyans.* Libyan...
politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
and investment banker. He obtained a Bachelor of Arts
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
degree in Accounting and Business Management from the University of Benghazi, Libya, and a Diploma of the Institute of Economic Development, in Washington.
Politics
Layas has a long history of involvement in Libyan politics, serving as a foreign diplomatDiplomat
A diplomat is a person appointed by a state to conduct diplomacy with another state or international organization. The main functions of diplomats revolve around the representation and protection of the interests and nationals of the sending state, as well as the promotion of information and...
for Libya before the 1969 Al-Fatah Revolution which brought Muammar al-Gaddafi
Muammar al-Gaddafi
Muammar Muhammad Abu Minyar Gaddafi or "September 1942" 20 October 2011), commonly known as Muammar Gaddafi or Colonel Gaddafi, was the official ruler of the Libyan Arab Republic from 1969 to 1977 and then the "Brother Leader" of the Libyan Arab Jamahiriya from 1977 to 2011.He seized power in a...
into power. Currently, Mr. Layas is a member of the Libyan governments General People's Committee (GPCO) for Finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
.
Banking
Layas has served as Chairman and General Manager of the Libyan Arab Foreign BankLibyan Arab Foreign Bank
The Libyan Arab Foreign Bank was established in 1972 in Tripoli, Libya as the country's first offshore banking institution licensed to operate internationally. The bank is 100% owned by the Central Bank of Libya...
, the only bank authorized to conduct international banking transactions during sanctions. Additionally, he has been Deputy Chairman for the British Arab Commercial Bank (BACB) in London, UK until 2004, and the Banque Inter Continentale Arabe, in Paris, France. He was also Director of the Arab International Bank in Cairo, Egypt - in addition to membership on the boards of several other banks and investment companies.
Mr. Layas is Director of Banco Atlántico
Banco Atlántico
In 2003 Banco Atlántico became part of the Banco Sabadell Group.-History:*1901: Shortly after Cuba achieved its independence from Spain, José and Francisco Nonell y Feliu, who had been running a Cambio in Cuba since 1885, moved their business to Barcelona...
S.A. in Spain, and he joined the Board of the Bahrain based Arab Banking Corporation in 2001: Additionally, since 2006 he has been President and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of the Libyan Investment Authority
Libyan Investment Authority
The Libyan Investment Authority is a government entity headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya with estimated capital of $70 billion...
.
See also
- British Arab Commercial BankBritish Arab Commercial BankThe British Arab Commercial Bank Limited , based in London, England, is a wholesale banking institution providing trade and project finance for Arab markets. The bank’s largest single shareholder at 49% is HSBC Bank Middle East, a member of the HSBC Group...
- Banque Inter Continentale Arabe
- Arab International BankArab International BankThe Arab International Bank , founded by 'international treaty' to 'enjoy certain privileges', is an investment bank head-quartered in Cairo which operates outside the jurisdiction of the Central Bank of Egypt. Its chair is Atef Ebeid, appointed by Hosni Mubarak shortly after being removed from...