MasterCard has announced the appointment of Khalid Elgibaly as division president for Middle East and North Africa (Mena), which will take effect on May 8. 
With a network of offices and local centres across the region, Mena is an “extremely important market” for the business and Elgibaly “will play instrumental role in driving commercial growth, executing the growing, and emerging technology payment opportunities in the region, and also deepening business alliances with MasterCard’s key partners and stakeholders,” MasterCard said in a statement. 
Elgibaly, who will be based in Dubai, brings a wealth of experience to this role. Most recently, he worked for HSBC Middle East (HBME), where he was the regional head of Retail Banking & Wealth Management for Mena. 
Elgibaly also worked with Standard Chartered Bank (SCB), Barclays, and Citigroup, where he held several senior roles, including head of Consumer Banking, chief executive officer for SCB Pakistan, CEO for Barclays Egypt, and head for Global Consumer Bank for Citigroup Egypt. Raghu Malhotra, president, Mena for MasterCard, said: “We see enormous potential for the Middle East and North Africa region and with Khalid joining the team, we will continue to build on our existing strong business base across the region. Khalid has a very strong and successful track record in the industry and we look forward to him leading our growth in Mena.”
Elgibaly holds a bachelor’s degree in Economics from the American University in Cairo and an MBA from Strathclyde Graduate Business School in Glasgow.