Sherif Safwat
About Sherif Safwat
Sherif Safwat serves as the Group Head of Information Technology and Applications at the National Bank of Egypt, a position he has held since 2010. With a background in computer engineering and extensive experience in IT management, he has successfully led significant projects and managed large teams and budgets.
Work at National Bank of Egypt (NBE)
Sherif Safwat has served as the Group Head of Information Technology and Applications at the National Bank of Egypt since 2010. Over his 14-year tenure, he has managed a budget of $15 million and led a team of over 300 members within the IT department. His leadership has been pivotal in overseeing significant projects, including the transition to modern banking applications and the implementation of essential banking systems.
Education and Expertise
Sherif Safwat holds a Bachelor of Engineering (BEng) degree in Computer Engineering and Automatic Control from the Faculty of Engineering. He completed his studies from 1980 to 1985, equipping him with a solid foundation in engineering principles and technology applications, which he has leveraged throughout his career in the banking sector.
Background in IT Management
Before joining the National Bank of Egypt, Sherif Safwat worked at Barclays for 25 years, where he held the position of Head of IT Application Development & Support. His experience also includes a role as Head of IT at Abdullatif Alissa Automotive Co. in Riyadh, Saudi Arabia, from 1994 to 1998. This extensive background has provided him with a comprehensive understanding of IT management in various sectors.
Achievements in Core Banking Implementation
At the National Bank of Egypt, Sherif Safwat led the launch of the FlexCube Core Banking Application 12.0.2 in April 2017, which marked a significant upgrade from the bank's legacy systems. He also oversaw the implementation of the FlexCube Core Banking Program Phase I in December 2013, which included critical functionalities such as consumer lending, loan origination, and collection.
Project Management and Development Initiatives
Sherif Safwat has been instrumental in developing and implementing the System Development Life Cycle (SDLC) and Production Support Change & Release Management workflow at the National Bank of Egypt. He completed two tender processes for selecting a Core Banking Testing Vendor, which involved comprehensive steps such as shortlisting, RFP preparation, site visits, and technical assessments.