The Middle East’s Power Businesswomen 2021
Rank: #9

Heike Harmgart

Title: Managing Director Southern & Eastern Mediterranean Region
Nationality: German
Company: European Bank for Reconstruction and Development (EBRD)
Sector: Banking and Financial Services

Harmgart has been in her current role since January 2020.  She heads the bank’s operations in Egypt, Jordan, Lebanon, Morocco, Tunisia, and the West Bank and Gaza. She manages a team of 150 staff with an annual business volume of over $2.4 billion. 

Harmgart previously worked with the Economist Intelligence Unit and Institute of Fiscal Studies, and has a PhD in economics from University College London. In 2020, the EBRD unveiled a $1.2 billion emergency coronavirus financing package, as well as committed all the bank’s activities in 2020/21, worth $25 billion, to help its regions counter the impact of the pandemic. The EBRD invested $2.7 billion in the SEMED region in 2020, with more than $16 billion invested in the region since 2012.