Corporate Governance

Titre degradé

Governance

Mr Othman BENJELLOUN is Chairman and Chief Executive Officer of BANK OF AFRICA Group, formerly Banque Marocaine du Commerce Extérieur, which was privatised in 1995, Chairman of O CAPITAL GROUP Holdings, Chairman of Royale Marocaine d’Assurance and Chairman of Medi Telecom Orange. 

He has been the Chairman of the Professional Association of Moroccan Banks since 1995 and was Chairman of the Union of North African Banks from 2007 to 2009. 

Mr BENJELLOUN is the founder of BMCE Bank Foundation, which has two main aims: 

• Education, primarily combating illiteracy by building and managing community schools in rural areas in Morocco and Africa, and 
• Environmental protection. 

Mr BENJELLOUN was appointed as Chancellor of Al Akhawayn University of Ifrane between 1998 and January 2004 by His Majesty the late King Hassan II. In 2007, he was awarded an Honorary Fellowship by King’s College, London. 

Since 1981, Mr BENJELLOUN has been an Adviser to the Washington-based Center for Strategic International Studies (CSIS) that was formerly overseen by Dr Henry Kissinger. In 2013, the CSIS conferred upon him the prestigious title of Honorary Trustee. Mr BENJELLOUN has been named Officer of the Order of the Throne by His Majesty the late King Hassan II and Commander of the Order of the Polar Star by His Majesty the King of Sweden. Other distinctions include Commander of the National Order of the Republic of Senegal, Commander by Number of the Order of Isabella the Catholic by His Majesty King Juan Carlos of Spain, Commander of France’s Order of Arts and Letters, and Commander of the Order of the Grand Star by the Republic of Djibouti. 

On 7 April 2010, Mr BENJELLOUN was elevated to the rank of Commander of the Order of the Throne by his Majesty King Mohammed VI. 

Mr Brahim BENJELLOUN-TOUIMI is Director & Executive General Manager of BANK OF AFRICA with more direct responsibilities in relation to Group Governance & CSR, Compliance, Legal, Human Capital, Communication and Strategy. As such, he is an associate member of various Specialised Committees that are offshoots of the Board of Directors – the Governance, Appointments and Remuneration Committee, the Group Risks Committee, and the Group Audit and Internal Control Committee – in addition to being a member of the Strategy Task Force. 

From 2015 to 2024, steering BANK OF AFRICA Group’s international strategy, Mr Brahim BENJELLOUN-TOUIMI was Chairman of BOA Group, a banking group in which BANK OF AFRICA Group had a stake of 81.82% at end-June 2026 and which has operations in some 20 countries in Africa. 

He is also Director of the Group’s European banking subsidiaries. As far as his other posts are concerned, he is either Board Chairman or Director of a number of Group companies in Morocco. 

Within the framework of strategic partnerships with reference shareholders, Mr Brahim BENJELLOUN-TOUIMI is a Director of RMA, an insurance company and O Capital Group, its holding company. 

Reflecting the Group’s commitment to corporate social responsibility, Mr Brahim BENJELLOUN-TOUIMI is a Director of BMCE Bank Foundation for Education and Environmental Protection and of the Othman Benjelloun Foundation. 

He is Chairman of the Board of Directors of the Casablanca Stock Exchange as well as its Governance, Nominations and Remuneration Committee, and he sits on the Board of Directors of Proparco, a France-based development finance institution and subsidiary of the AFD (Agence Française de Développement).

Mr Brahim BENJELLOUN-TOUIMI is a Doctor of Money, Finance and Banking from Université Paris I Panthéon Sorbonne. After a study internship with the International Monetary Fund in Washington in 1985, he began his career in financial markets in France in 1986, becoming Head of Research within the Securities division at one of France’s large investment banks, before joining in 1990 Banque Marocaine du Commerce Extérieur, which was renamed BANK OF AFRICA BMCE Group in 2020. 

In November 2021, Mr Khalid NASR was appointed as BANK OF AFRICA’s Executive General Manager responsible for Morocco & CIB. In this role, he oversees a number of businesses – Banking in Morocco, Corporate & Investment Banking, International (excluding Africa) and Loan Recovery. 

Mr Khalid NASR is a member of BANK OF AFRICA’s Group Executive Committee. He is also Chairman of the Supervisory Board of BMCE Capital, the Group’s investment banking division. 

In addition, he holds a number of directorships at Group entities including Director of BOA Group, Director of Maghrebail, Director of BANK OF AFRICA United Kingdom, Director of BOA Europe (Madrid), Chairman of Salafin’s Supervisory Board, Chairman of Maroc Factoring’s Supervisory Board, Chairman of Damane Cash’s Supervisory Board and Chairman of the Board of BOA Euroservices. 

Mr Khalid NASR has more than 25 years’ experience in finance, the majority of which in senior management positions. He began his career in France at one of Europe’s leading insurance companies. After gaining capital markets experience at a Moroccan bank, Mr Khalid NASR then joined BMCE Capital when it was founded in 1998. He was responsible for developing its capital markets businesses as Head of Fixed Income Trading and then, from 2005, as Head of the Dealing Room. 

In 2010, Mr Khalid NASR was appointed as Chairman of BMCE Capital’s Supervisory Board, overseeing the entire investment banking business – Capital Markets, Asset Management, Wealth Management, Financial Advisory, Custody, Securities Brokerage, Financial Research, Real Estate, Securitisation and Private Equity. At the beginning of 2019, Mr Khalid NASR was appointed as Head of BANK OF AFRICA’s Corporate & Investment Banking division. 

Mr Khalid NASR holds an Executive MBA from ESSEC Business School, Paris, a Master’s in Finance from ESC Marseilles and a Master’s in Mathematics from Marseilles’ Saint Charles University. He is also the holder of a number of certificates in specialised disciplines such as Asset & Liability Management (ALM) and Market Risk Management. 

In November 2021, Mr Amine BOUABID was appointed as BANK OF AFRICA’s Executive General Manager responsible for Africa. 

Mr Amine BOUABID has also been Delegate General Manager since 2015 – and Chairman and Chief Executive Officer since 2024 – of BOA Group Luxembourg, a holding company within BANK OF AFRICA Group that has operations in 17 African countries as well as in France, with consolidated total assets of EUR 10.2 billion in 2023 and more than 6,600 employees. 

Between 2007 and 2016, i.e. for nearly 10 years, Mr BOUABID sat on the Board of Directors of BANK OF AFRICA - BMCE Group, which, at 30 June 2026, owns 81.82% of BOA Group S.A. 

In 1996, Mr BOUABID was tasked with setting up SALAFIN, a consumer credit institution and subsidiary of BANK OF AFRICA – BMCE Group. He made a significant contribution to this company’s development until 2015.

In 2007, SALAFIN was floated on the Casablanca Stock Exchange. SALAFIN currently employs more than 340 people and has total assets of more than USD 400 million. 

Mr BOUABID began his professional career in 1992 as a financial analyst at Banque Commerciale du Maroc (BCM). The following year, he joined the founders of Casablanca Finance Group (CFG) to participate in its start-up and development. As such, he helped set up a number of business lines at the fledgling investment bank – research and analysis, asset management, brokerage – of which he became Deputy Chief Executive Officer. 

Mr BOUABID contributed significantly to Moroccan financial market reforms and helped launch the Casablanca Stock Exchange’s first stock market index. 

He holds a Master’s degree in information systems and an MBA from Drexel University in Philadelphia.