Adnan Kassar

Adnan Kassar (Arabic: عدنان القصار; born 1930) is a Lebanese banker, businessman and politician, who served at different cabinet posts.

Adnan Kassar
Minister of State
In office
9 November 2009 – June 2011
Prime MinisterSaad Hariri
In office
2004–2005
Prime MinisterOmar Karami
Preceded byMarwan Hamadeh
Succeeded byDemianos Khattar
Minister of Economy and Trade
Personal details
Born1930 (age 92–93)
Beirut, Lebanon
Political partyIndependent
SpouseRaedaa Miskaoui
Children1
Alma materSt. Joseph University
WebsiteOfficial website

Early life and education

Kassar was born into a Sunni family in Beirut in 1930.[1] His father, Wafiq Kassar, was a prominent diplomat who served as the ambassador of Lebanon in Pakistan and Turkey.[1] His mother was Chafika Diab.[1]

He received a law degree from St. Joseph University in 1951.[1][2][3]

Career

At age 25 Kassar managed to build a business partnership with China in 1955.[4] In addition to being a businessman, he is a banker dealing finance investments. He has founded and owns various companies concerning trade, shipping and travel, and industry. He is one of the owners of the Banque Libano-Francaise together with Farid Raphael, his brother Nadim Kassar and Victor Kassir.[5] Kassar acquired the bank in 1980.[6]

Kassar served as the president of the Beirut Chamber of Commerce and Industry for nearly thirty years to which he was elected in January 1972.[7][8] In June 1997, he became the president of the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon.[8] From 1999 to 2000, he headed the International Chamber of Commerce (ICC) based in Paris,[7] being the first Arab to preside over it.[9] On 1 January 2001, Richard D. McCormick, who served as his deputy at the ICC, succeeded Kassar as head of the ICC.[10]

In January 2003, Kassar was appointed member of the patrons committee of the Anglo-Arab organisation.[2] In addition, Kassar and his brother are shareholders of Fransabank, a large Lebanese commercial bank. As of 2013 Kassar was serving as the chairman of the bank.[11] He was also chairman of the general union of Arab chambers of commerce, industry and agriculture and of Lebanon’s economic committees.[12]

In October 2004, Kassar was appointed minister of economy and trade to the cabinet led by Prime Minister Omar Karami, replacing Marwan Hamadeh as economy minister.[13] His tenure lasted until 2005 when Karami resigned from office due to the pressures exerted by Lebanese people as a protest over the assassination of Rafik Hariri.[14] Kassar was succeeded by Demianos Khattah in the post.[7][13] Later Kassar served as the minister of state in the cabinet led by Prime Minister Saad Hariri from November 2009 to 2011.[11][15] Kassar was one of the cabinet members appointed by the Lebanese President Michel Suleiman.[16]

Kassar has been regarded as a potential prime minister since the beginning of the 2000s.[7][17]

Awards and honors

Kassar has also been given other awards, including, Commander of the Order of La Pléiade, Hungarian Order of Merit, and the prize of the Crans Montana Forum (2000).[2][6] The Union of Arab Banks awarded him with the title of the Banker of the Year for the period 2012–2013.[9] He is the recipient of the Business for Peace Award (2014)[18] and was named as the honorary chairman of the Silk Road Chamber of International Commerce in 2016.[6]

In April 2015 the School of Business at the Lebanese American University was named after Adnan Kassar.[19]

Personal life

Kassar married Raedaa Miskaoui on 14 June 1969, and they have a daughter, Roula Kassar.[1][13]

References
  1. Who's Who in Lebanon (19th ed.). Beirut: Publitec Publications. 2007. p. 191. ISBN 978-3-598-07734-0.
  2. "His Excellency Mr Adnan Kassar". Anglo Arab. Archived from the original on 7 March 2014. Retrieved 25 March 2013.
  3. "Board of Directors". Fransabank Group. Retrieved 8 April 2013.
  4. Mark Perry (2019). "The Silk Road in the West: Lebanon's Industrial History and Current Prospects for Partnership with China". In Nazrul Islam (ed.). Silk Road to Belt Road. Reinventing the Past and Shaping the Future. Singapore: Springer Nature Singapore Pte Ltd. p. 67. doi:10.1007/978-981-13-2998-2. ISBN 978-981-13-2997-5. S2CID 239102482.
  5. Najib Hourani (2015). "Capitalists in Conflict: The Lebanese Civil WarReconsidered". Middle East Critique. 24 (2): 150. doi:10.1080/19436149.2015.1012842. S2CID 144769983.
  6. "Adnan Kassar". The Muslim 500. Retrieved 28 August 2022.
  7. "Fatfat names Adnan Kassar as neutral Lebanon PM". Ya Libnan. 15 December 2012. Retrieved 25 March 2013.
  8. Sami E. Baroudi (2000). "Sectarianism and business associations in postwar Lebanon". Arab Studies Quarterly. 22 (4): 81–107. JSTOR 41858353.
  9. "Adnan Kassar named Arab banker of the year". ANBA. 3 July 2013. Retrieved 23 June 2023.
  10. "Former US West CEO Elected VP of International Chamber of Commerce; will Become President in 2 Years". PR Newswire. Geneva. 8 January 1999. Archived from the original on 19 November 2017. Retrieved 25 March 2013.
  11. "Speakers". Fransabank. Archived from the original on 28 July 2014. Retrieved 25 March 2013.
  12. "Stunted growth: Lebanon's economy at the mercy of political stability". Albawaba. 4 September 2012. Retrieved 25 March 2013.
  13. "Former Ministers". Ministry of Economy and Trade. Archived from the original on 21 February 2013. Retrieved 5 October 2012.
  14. Elie Hajj (4 April 2013). "Tammam Salam Likely March 14 Candidate for Lebanese Premier". Al Monitor. Retrieved 5 April 2013.
  15. "Lebanon finally has a government Sulaiman's man seals the deal". Gulf News. 11 November 2009. Retrieved 25 March 2013.
  16. "-Hariri Presents 30-Member Cabinet List to President Suleiman". The Daily Star. 8 September 2009. Retrieved 25 March 2013.
  17. Mariam Shahin (1 October 2000). "For liberty, prosperity, fraternity?". The Middle East. Beirut. Retrieved 25 March 2013.
  18. "Adnan Kassar". Business for Peace Foundation. Retrieved 28 August 2022.
  19. "Adnan Kassar School of Business at Lebanese American University (LAU)". Hospitality. Retrieved 28 August 2022.
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