Managing Director of Private Equity
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Omar Ascar is the Managing Director of Private Equity at Beltone Holding - one of the fastest growing financial institutions in the MENA region. With over 24 years of experience in private equity and investment management, he brings extensive expertise and leadership skills to drive the success of the firm's private equity operations. Prior to joining Beltone, Ascar held the position of Managing Director of Direct Investment and was a member of the Executive Committee at Misr Capital, the investment banking arm of Banque Misr. In this capacity, he managed a diverse direct investment portfolio and contributed to the strategic decision-making process. In late 2022, he moved to CI Capital as part of Banque Misr’s integration exercise between its subsidiaries where he was the Managing Director of Coverage and Product Development. Ascar spent time at Cairo Financial Holding where he served as a Senior Investment Director at Cairo Financial Private Equity and previously supervised all trading activity in Cairo Financial Asset Management. He was also a member of the research and investment committees with a total AUM of EGP 6 billion. Ascar held a range of positions in some of Egypt’s most renowned firms. In 2005, he was Head of the Trading Department at CI Asset Management, where he supervised the trading of local and regional funds under management with a total value of EGP 10.5 billion. In 2003, at the Arab African International Bank (AAIB) as a Senior Dealer for the Treasury and Investment Division, he was dealing in capital markets, treasuries, and money markets and managed all primary dealers’ activities. Ascar began his career at EFG Hermes Asset Management in 1999, where he grew to become Deputy Operation Manager, supervising all local and regional fund operations. Ascar holds an MBA from The Arab Academy for Science and Technology and earned a Bachelor’s in Commerce from Cairo University. He is also a Certified Board Director from The Egyptian Institute of Directors, an affiliate of the Financial Regulatory Authority (FRA), in collaboration with the International Finance Corporation (IFC). He is also a Certified Portfolio Manager earning a certification from the Egyptian Investment Management Association EIMA in 2002.
