Mehdi Manaa is an accomplished professional in the field of payments and market infrastructures, currently serving as the Chief Executive Officer of Buna since January 2020. Prior to this role, Mehdi Manaa held various key positions at the European Central Bank from May 2007 to October 2019, including Deputy Director General for Market Infrastructures and Payments, where responsibilities included overseeing operations of Target Services such as Target2 and T2S. Mehdi Manaa's earlier career spans consultancy and advisory roles with notable organizations such as VERMEG and Euroclear, along with experience as a Programme Manager at LCH. Mehdi Manaa earned a Master's degree from ENSIIE between 1992 and 1995.
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Buna (The Arab Regional Payments Clearing and Settlement Organization)
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Buna, The Arab Regional Payments Clearing and Settlement Organization, is a centralized cross-border payment system owned by the Arab Monetary Fund. It aims at enabling financial institutions and central banks in the Arab region and beyond to send and receive cross-border payments in local and international currencies in a safe, cost-effective, risk-controlled and transparent environment. Buna offers to its participants modern payment solutions that comply with international requirements against financial crime and adhere to the highest standards of information security and data protection. Buna contributes to strengthening the opportunities for economic and financial integration in the Arab region and supporting investment ties with the global trading partners. Buna welcomes the inclusion of all banks that meet the criteria and conditions for participation, primarily the standards and procedures of compliance aspects.