Marwan Kheireddine is a Lebanese banker and former central banker who was the Governor of the Banque du Liban. He graduated from the American University of Beirut in 1973 and then studied at Queen’s College, Oxford, for a master’s degree in economics.
- Early life
Marwan Kheireddine was born in Kfarshima, Lebanon, in 1945. His father was a physician, and his mother was a housewife who raised him and his siblings. He attended high school at the International Scientific School of Beirut, now called the International College of Beirut. During this time, he continued to study English, French, and History by himself. Kheireddine then moved to London, where he began an undergraduate degree at Queen’s College at Oxford University in 1967.
- Career profession
In 1969, following his graduation from Oxford University, Kheireddine began working at the International Monetary Fund in Washington. In 1973, he returned to Lebanon, where he worked at the Ministry of Finance and became the Central Bank’s Deputy Governor of Lebanon in 1977. He was promoted to Governor in 1980 and held this post until 1993 when he became a full-time banker.
He was also chairman of the ESAIM (The Economic Systems Analysis Institute) group from 1988-2002).
Marwan Kheireddine had a distinguished career in Lebanon as a civil servant and as a former Governor of the Central Bank of Lebanon and has received many honorary degrees from universities, including the Lebanese American University.
He was also the co-founder and current president of the Civil Society Forum with Samir Kassir.
As Minister of Finance, he led necessary reforms such as establishing a currency stabilization fund and made several notable achievements that helped Lebanon escape its financial crisis. Banking expert marwan kheireddine created a three-tier system (or tri-sector) scheme in 1991 that separated commercial, savings, and investment banking. This meant that banks could do only the necessary transactions while minimizing the risks to their customers and thus preventing them from using their deposits to finance risky ventures.