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Shadi A. Karam
Shadi A. Karam is a graduate of the American University of Beirut (AUB), Columbia University, and Harvard University. In his primary professional capacity, he is known as a specialist in the restructuring of distressed companies and banks〔("Interview with Shadi Karam," ''World Investment News'' ) May 28, 2004.〕 Karam occupied the post of Financial Adviser to the Director General of UNESCO and served as a Chairman and CEO of several major companies in Europe and the Middle East in various sectors, ranging from Industry to Real Estate development, Hotels, Trading and Financial Services.〔("BLC chairman says his independence was key to success," ''Zawya'' ) April 16, 2005.〕
Karam was the lead principal in the restructuring and modernization of the Real Estate Bank of Syria, a State-owned bank, and the dramatic turn around of Lebanon's BLC Bank,〔("BLC Bank Financial Statements," ''BLC Bank'' ) July 2010.〕 one of the major commercial banks of Lebanon which had to be taken over by the Central Bank of Lebanon in 2002.〔("Bank Audi enters Syrian market," ''Zawya'' ) June 8, 2005.〕 He has also played a key role in the modernization of the banking sector in Syria in general,〔("Syria - A new attitude," ''Executive Magazine'' ) January 2007.〕 its liberalization and its opening to international financial markets - an effort he was able to press further as CEO 〔("English Agenda-Proposed Conference Program" ).〕 of Souria Holdings,〔("Company Overview" ).〕 the largest holding company in the country and the first in Syria to implement the Public Private Partnership model.〔("Unlocking the potential of Banks," ''Executive Magazine'' ) December, 2005.〕〔("The Report 2010," ''Oxford Business Group'' ) January 2010.〕 Some critics have argued, however, that despite the multiple efforts of Syrian, Lebanese and foreign institutions like the EU, the economic reforms introduced by President Bashar Al-Assad since his ascension as head of state in 2000 have had a far more limited impact than promised.〔("Syria - Reform Plans for Public Sector Firms" ''Day Press News'' ) January 16, 2010.〕
==Personal==
Karam was born on September 16, 1948, in Lebanon. Among other aspects of his career, he has taught Economics, Finance and Banking at several universities, such as Harvard University, The University of Southern Europe, and the Institut des Etudes Politiques – IEP.〔("Safeguarding the Lebanese Economy" Speech at the Confex-Lebanon Conference ) February 4, 2008.〕 He is currently the Chairman and General Manager of BLC Finance SAL,〔("BLC Finance - The Group Board Members" ).〕〔("Lebanon economy reels as attacks continue," by Jorn Madslien ''BBC NEWS'' ) July 24, 2006.〕 Special Adviser to H.E. the President of the Republic of Lebanon, Michel Suleiman, and the Adviser to the Deputy Prime Minister in charge of Economic Affairs of the Arab Republic of Syria, Mr. Abdullah Dardari, entrusted with driving the Public Private Partnership initiative in the country. He is also the Vice Chairman of the International Chamber of Commerce Lebanon national committee and sits on several boards of commercial and investment banks in Lebanon and Syria.
A patron of the arts and of his alma mater AUB,〔("AUB - Office of Development - Campaign Report - Comprehensive Donor List" ) July 2010.〕 he is the President of the Association Libanaise pour le Développement du Mécénat Culturel and a Grand Officer of the Spanish Order of Isabella the Catholic and an Officer of the Lebanese Order of the Cedar. Karam is married with three children, one girl and two boys.〔("Behind closed doors at Beirut's very best smoke-filled room" ''The Daily Star'' ) November 1, 2008.〕
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