Alaa Safwat
About Alaa Safwat
Alaa Safwat is the Manager of Commercial Banking in the Real Estate Finance Division at the Canadian Imperial Bank of Commerce, with extensive experience in mortgage advisory and credit counseling.
Current Role at Canadian Imperial Bank of Commerce
Alaa Safwat currently works at the Canadian Imperial Bank of Commerce (CIBC) as the Manager of the Commercial Banking Real Estate Finance Division. He manages a commercial mortgages portfolio valued at CAD $250 million, focusing on retention and risk management. Alaa has played a key role in servicing securitized portfolios worth CAD $950 million as part of the commercial mortgages team. His efforts in identifying and submitting new business opportunities for mortgage refinancing have been recognized.
Previous Roles at Canadian Imperial Bank of Commerce
Alaa Safwat has had an extensive career at CIBC, with roles including Bilingual Personal Mortgage Advisor, Renewal, FirstLine Mortgages (2006-2007), Bilingual Mortgage Credit & Legal Counselor (2003-2006), Bilingual Mortgage Life Insurance (2000-2003), Documentary Collections Officer (1999), and Bilingual Customers Service Officer (1997-1999). His tenure at CIBC reflects a broad experience in various facets of banking and finance.
Work Experience at Egyptian American Bank
Alaa Safwat worked at the Egyptian American Bank as a Credit Officer in the Correspondent Banking Department from 1995 to 1996. During his 7-month tenure, he gained valuable experience in credit assessment and banking operations, contributing to his comprehensive understanding of international banking protocols.
Role at Arab Financial Services Company
From 1984 to 1994, Alaa Safwat worked at the Arab Financial Services Company in Manama, Bahrain, as a Sales and Marketing Manager. Over his 10-year period at the company, he developed strategies to enhance sales and marketing operations, significantly contributing to the company's growth and development.
Educational Background
Alaa Safwat holds a Bachelor of Business Administration (B.B.A.) and a Bachelor of Commerce, both from Cairo University, where he studied from 1978 to 1982. Additionally, he earned an Accounting and Computer Business Applications Diploma from the Toronto School of Business in 1997 and an Honor Degree in Accounting in 1997. His formal education provides a solid foundation for his expertise in business and finance.
Performance Metrics and Recognitions
Alaa Safwat has consistently exceeded retention targets by more than 15% in the commercial banking division at CIBC. He has achieved a client satisfaction service ratio of 92%, surpassing the target by almost 10%. These metrics highlight his effectiveness in client relations and portfolio management within the banking sector.