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JALLOUL AYED, TUNISIA

Jalloul Ayed

Born February 6, 1951 in Khniss, Tunisia, Ayed is a banker, politician and music composer. He was minister of finance from January to December 2011 in the national unity government of Mohamed Ghannouchi and Beji Caid Essebsi.

He studied at the University of Tunis, graduating in 1977 at the Faculty of Law and Economics, and continued his studies at the University of Maryland, where he graduated in 1979, with a Masters of Economics.

He was general manager of the Tunisian subsidiary of Citibank, and chief operating officer of its subsidiaries in Algeria and Libya. He became vice president of Citicorp in 1987 and then managing director of Corporate Bank in UAE in 1988. He continued his career in the same banks as managing director of Citibank, Maghreb in Casablanca, Morocco; and, country corporate officer of Citicorp-Citibank in Morocco from 1990 to 1995.

He became a senior banking officer of the “division of funds for Europe, Africa and the Middle East” within Citicorp International Ltd., London in 1996. He is managing director of the Corporate Bank from 2004.

He reorganised the Moroccan Foreign Trade Bank (BMCE), including creating merchant bank, corporate finance, the trading floor, the first offshore fund capital development and operations in new countries, including Senegal and Cameroon.

He is vice chairman of the supervisory board of the Moroccan insurance company RMA Wataniya, a member of the Moroccan-American Council for Trade and Investment, and honorary president of the American Chamber of Commerce. In 1993, he was president of the Euromed Forum.

In 2006, he founded a new subsidiary, Axis Capital Tunisia, which manages assets and allows stock market intermediation and advice. In 2010, he was vice president of the British subsidiary of BMCE.

Following the 2011 revolution, Jalloul Ayed was appointed finance minister in the national unity government of Mohamed Ghannouchi and Beji Caid Essebsi.