Monday, 26 September 2016

Antoun Sehnaoui- What You Should Know about his Character


Summary
Antoun Sehnaoui is a popular Lebanese banker and successful businessman. Read this article to learn more about the true character of Sehnaoui the banker and businessman.

Antoun Sehnaoui is a reputable banker and successful Lebanese businessman whose popularity has been growing over the years. Currently, he serves as the Chairman of the Société Générale de Banque au Liban SGBL. He also chairs the FIDUS Wealth Management. In addition, Sehnaoui chairs the Société Générale de Banque – Jordan while acting as a member of the Board of Directors in the Lebanese Banks Association.  

Background

Born in 1972 from a renowned Greek Catholic and political family, Sehnaoui was raised with good morals. He is named after his grandfather who was named minister in 1994 and elected as the Deputy in Beirut severally. Sehnaoui grew up in Lebanon during the civil war but this did not deter him from dreaming about great things for his country. He grew up with a strong sense of national duty being instilled in him. Perhaps, this is why he has managed to achieve so much and become one of the most reputable figures in the Lebanese banking and financial sectors. The great morals and sense of national duty instilled in him while growing up are reflected in the way he performs his duties as a CEO and chairman.

Antoin dissociates SGBL from Hezbollah’s activities

One of the major incidences that brought out his true character is when the U.S accused some banks in Lebanon of facilitating the activities of Hezbollah, the Shiite Militant group. The Obama administration accused some secretive banks in Lebanon of money laundering and establishing ties with Hezbollah. This prompted Sehnaoui to come out clearly to dissociate SGBL from such activities. This move by the Obama administration compelled banks to expose their deeper secrets. In fact, Americans claimed to have identified some drug-tainted accounts at Lebanese Canadian Bank that SGBL wanted to buy. Things became troublesome when SGBL agreed to purchase the assets of this bank.

However, on its agreement with the officials at the Treasury, the Central Bank in Lebanon set up a process of scrubbing the books. Nevertheless, compliance officers at the French partner of SGBL were sceptical about the investigators chosen by the Central Bank.

As a way of reassuring the wary international partners, Sehnaoui commissioned a parallel investigation or audit with the assistance of the chief money-laundering officer at Société Générale. Eventually, SGBL bought the Lebanese Canadian Bank’s assets. Sehnaoui came out publicly later saying that SGBL purchased only clean assets without taking any client that deemed slightly questionable. 

Outstanding character

Clearly, Sehnaoui is a man of a noble character. He has proven to stand for what is right while being patriotic to his country. He is also a philanthropist who has sponsored many worthy causes including the Arcenciel, Beirut Art Centre and Beirut International Film Festival. Antoun Sehnaoui also has clean, successful investments in the print media, tourism and hospitality industries.

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