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The reselection of Mohamed Abdel Salam as AMEDA Chairman
The Africa and Middle East Depositories Association (AMEDA) 19th meeting just concluded in Muscat, Sultanate of Oman from 8 to 10 March 2014. Mr. Mohamed Abdel Salam gained majority trust and was reselected as AMEDA Chairman for a new term, while Ms. Monica Singer –CEO South Africa Central Securities Depository (STRATE) – was appointed as Deputy Chairman. It is worth mentioning that AMEDA members are 35, including 29 members representing countries from Africa and the Middle East. Thanks to AMEDA’s effective role, many countries out of AMEDA regional area in addition to international institutions such as SWIFT, Thomas Murray, NSGB (France), HSBC and standard charter Bank, have insisted on joining the association. According to AMEDA bylaw, three members at least shall be nominated from which members have to select the Chairman.