Starting January 1, 2025, Casablanca Finance City (CFC) will take on the presidency of the World Alliance of International Financial Centers (WAIFC), succeeding Japan’s FinCity.Tokyo. This election, announced at WAIFC’s General Assembly in Japan on October 15, marks a significant milestone for CFC, reinforcing its status as a leading African financial hub and a growing force in the global financial community.
CFC’s Chief Executive Officer, Said Ibrahimi, highlighted that this leadership role reflects Casablanca’s international reputation and its contributions to WAIFC’s global network since CFC joined the alliance. “This decision is a testament not only to Casablanca’s legitimacy as a regional hub and Africa’s top financial center but also to its expanding international influence,” he stated.
Lamia Merzouki, CFC’s Deputy General Director and former WAIFC Vice President, was elected to succeed FinCity.Tokyo’s Executive Director, Keiichi Aritomo, as WAIFC’s incoming leader. Merzouki’s appointment, after serving as vice president since 2022, reflects her deep engagement and advocacy for cross-border financial collaboration and innovation.
CFC’s vision for financial synergies and global collaboration
CFC is committed to strengthening cooperation among global financial centers, promoting joint initiatives, and facilitating the exchange of best practices. In a recent statement, CFC emphasized its dedication to advancing synergies between international financial hubs, aiming to drive growth through collaboration and shared expertise.
Since its founding in 2010, CFC has been pivotal in promoting investment across Africa, offering a business-friendly regulatory environment and tailored services to support international investors. Recognized as Africa’s top financial center, CFC provides a springboard for companies seeking to expand across the continent.
WAIFC’s mission and strategic focus
The World Alliance of International Financial Centers (WAIFC) is a nonprofit organization promoting innovation, sustainability, and excellence in financial services. WAIFC actively supports initiatives in green finance, financial inclusion, and talent development—areas increasingly important to the global financial landscape. Through its leadership, CFC will continue to champion these priorities, placing a particular emphasis on Africa’s role in the sustainable finance movement.
This milestone cements Casablanca’s place in the global financial sector, as CFC steps up to guide WAIFC’s mission to foster a more connected, inclusive, and innovative financial community worldwide.
