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Top Minds: The risk manager

Joe Mont | July 6, 2016

“We are living in a very high-risk geopolitical area,” says Fouad Khalifeh, well aware of what an understatement that is. “It is not business as usual.”

Khalifeh is group chief compliance officer for Fransabank, a Beirut-based institution that provides retail, corporate, investment, and private banking services to individuals and businesses in Lebanon. It has roughly 3,400 Employees

Founded in 1921, the bank has survived, and prospered, as one of the top three banks in Lebanon. A challenge to that success—beyond the competitive forces that affect all banks—is its location, neighboring Iraq, Syria, and Turkey, and surrounded by war, refugees (nearly 1.5 million have fled to the country), and political unrest, not to mention a homegrown terrorist organization, as least as designated by the United States and others, Hezbollah.

There is no shortage of danger. On June 12, an explosion at the headquarters of the Lebanese Blom Bank in Beirut, caused significant damage...

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