Age, Biography and Wiki

AbdulMagid Breish was born on 11 October, 1951 in Libya, is a Libyan banker. Discover AbdulMagid Breish's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 72 years old?

Popular As N/A
Occupation N/A
Age 72 years old
Zodiac Sign Libra
Born 11 October 1951
Birthday 11 October
Birthplace Libya
Nationality Libyan

We recommend you to check the complete list of Famous People born on 11 October. He is a member of famous banker with the age 72 years old group.

AbdulMagid Breish Height, Weight & Measurements

At 72 years old, AbdulMagid Breish height not available right now. We will update AbdulMagid Breish's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
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Children Not Available

AbdulMagid Breish Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is AbdulMagid Breish worth at the age of 72 years old? AbdulMagid Breish’s income source is mostly from being a successful banker. He is from Libyan. We have estimated AbdulMagid Breish's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income banker

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Timeline

1951

AbdulMagid AbdulSalam Breish (born October 11, 1951) is a prominent Libyan international investment banker.

1975

Breish holds a Bachelor of Arts in Political Sciences from the American University of Beirut, graduating in 1975.

Breish started his career in banking in 1975 when he joined the Libyan Arab Foreign Bank in Tripoli, Libya.

1977

In 1977 he gained a Diploma in Financial Analysis and Policy Diploma, from the International Monetary Fund in Washington DC.

Breish speaks fluent Arabic, English and Italian.

Breish has over 40 years of experience working in the banking and finance sector.

1980

In 1980 he moved to the Arab Banking Corporation (ABC) and served as Head of Business Development until 1985 before transferring to Tokyo as Chief Representative.

1988

In 1988 Breish took over as Managing Director of ABC Investment & Services Co. (E.C.) the ABC Group’s Investment Bank in Bahrain.

1991

In 1991 he assumed the position of General Manager of ABC International Bank plc, and was appointed that bank's Chief Executive Officer in 1993.

2002

In November 2002, Breish assumed the position of Deputy Chief Executive and Chief Banking Officer of the ABC Group.

Breish held the following directorships during his banking career: Chairman of ABC Islamic Bank in Bahrain; Chairman of ABC Securities; Chairman of the Bahrain Stock Exchange Audit Committee, and Board member of the Bahrain Stock Exchange ; Chairman at ABC Daus Germany; Director at Banque Internationale de Monaco; Director at Sun Hung Kai Bank in Hong Kong; Director at United Bank of Bangkok Thailand; and held the Chairmanship of the Foreign Banks and Securities Houses Association (FBSA) in London.

2011

Under UN Security Council Resolution 1970 of 26 February 2011 approximately 85% of the LIA's assets remain frozen to safeguard them against potential misappropriation and corruption.

These sanctions were originally requested by the National Transitional Council shortly after the fall of the Gaddafi regime to protect such assets from theft.

Breish has insisted on maintaining the UN position that Libyan assets must be frozen until a Unity Government emerges and asserts control.

Bouhadi, by contrast, has repeatedly sought to unfreeze the assets, stating that said he would appeal to the UN, the US and the EU.

2013

Breish was appointed Chairman of the Libyan Investment Authority (LIA) on 1 June 2013 by the LIA’s Board of Trustees.

On 17 June 2013, he was appointed CEO by the LIA’s Board of Directors.

Breish faced a leadership challenge by the now resigned Chairman of the LIA Hassan Bouhadi and judge ruled in favor of the GNA as being the legitimate government.

2014

In June 2014, Breish was removed as chairman by the integrity committee, which sought to replace former Gaddafi aids.

The LIA's Board of Trustees appointed Mr. AbdulRahman Benyezza.

In early 2014, Breish initiated legal proceedings on behalf of the LIA against Goldman Sachs and Société Générale S.A to recover billions of dollars lost through improper transactions done in their dealings with the LIA during the Gaddafi regime.

The LIA appointed the English law firm Enyo Law to pursue the litigations.

2015

Breish was then reinstated on 18 May, following a decision of the Libyan Court Of Appeal on 13 April 2015.

The Enyo Law Firm was forced to step aside in April 2015 but was re-instated in July 2015 when the English High Court approved the LIA’s application to appoint BDO LLP (UK) as interim receivers and Enyo Law were reappointed as solicitors in the litigations.

Breish has consistently called for the UN to maintain its freeze over the majority of the LIA's assets.

2016

Breish had supported the establishment of a Presidency Council (PC) and Government of National Accord (GNA) since 3 April 2016.

In a statement Breish welcomed the PC and the GNA, stating that "the LIA... reaffirms its readiness fully cooperate with the Government of National Accord in providing all relevant data, report and support" but then changed position when on 16 August 2016 the Presidency Council of the internationally backed Government of National Accord did not include Breish in the newly appointed steering committee to run the LIA.

Breish in a later interview claimed that he has contested the appointment and that the decision is illegal