BURLINGAME, Calif., Nov. 10, 2009 (GLOBE NEWSWIRE) -- The man The LA Times refers to as the banker who "got it right" is in the USA for brief visit and will deliver the keynote address at the Lebanese American Association's annual banquet in Silicon Valley on Saturday, November 14th.
Riad Toufic Salame, Governor of the Central Bank of Lebanon, led his country safely through the most recent global financial crisis to its current position of stability and economic growth. Mr. Salame' understood the perils of investing in mortgage-backed securities, and took the necessary preemptive measures by instituting policies that not only prevented economic downturn but resulted in record-breaking profits for the country's banks last year.
Salame is widely acknowledged as one of the world's top bankers, and has received many prestigious international banking and economic awards, including the Euromoney Award as The Best Central Bank Governor in the World. As governor of Banque du Liban for the past 16 years, he has been lauded by domestic and foreign observers for his steady hand during periods of political and financial instability.
Journalists and bankers from around the world are extremely interested in learning from Mr. Salame. "We are very proud of and honored to welcome governor Salame to commemorate our 20th anniversary. He will share insights of his past successes and future financial stability in the face of global economic crisis" said Lebanese American Association president, Anwar George Kenicer.
The event will take place at the Hyatt Regency Grand Ballroom in Burlingame beginning at 6:30 pm. Tickets can be found online at www.LAA.org or by calling (650) 274-8119.
About the Lebanese American Association
The LAA is a non-profit, non-political and non-sectarian organization dedicated to providing cultural, social and community services located in Burlingame, CA. Founded in 1989, it has provided funds for universities, wheelchairs and medical supplies to clinics and hospitals in Lebanon, as well as scholarships for Lebanese American students in Northern California. For more information, please visit www.LAA.org.