Khaled El Marsafy Vice chairman of UNIVEST group Elected to BPL Global Board

PITTSBURGH, Pa. – February 6, 2008 – BPL Global™, Ltd., a smart grid technology company dedicated to leading the transformation of energy and information delivery, has appointed Khaled El Marsafy as a board member of the company.

Mr. El Marsafy currently serves as the General Manager of Al Deera Holding Company, (KSE: ALDEERA) which is publicly listed on the Kuwait Stock Exchange. In his role at Al Deera, Mr. El Marsafy is responsible for implementing the firm’s short-term, as well as long-term growth plans by strategically investing into private and public companies worldwide.

“I am honored to be appointed to the BPL Global board," said Mr. El Marsafy. “BPL Global is one of the few companies operating on a global scale to address the critical market needs for improved efficiency and reliability in the utility sector. The company has demonstrated strong growth with leading edge smart grid software, a well designed business model and most importantly a world class management team. I will continue to leverage my network on behalf of BPLG to further accelerate growth on an international basis.”

Mr. El Marsafy has more than 16 years of experience in the global financial markets and investment banking sector. He has obtained valuable experience in private equity and asset management by working at a number of investment firms, including Fletcher Asset Management, a New York based PIPE Hedge Fund where he spent more than four years structuring the company’s private equity investments in public companies across various sectors. Prior to that, he spent more than four years with Union Bank of Switzerland where he was a product manager and risk controller in the bank’s equity trading group.

“We are excited to have Khaled as a board member. Khaled’s sophisticated investment experience and extensive international network will benefit our customers, our company and our shareholders,” said Keith Schaefer, CEO of BPL Global.

Mr. El-Marsafy serves on a number of boards, including: Univest Group, Kuwait National Lube Oil Company, Yotel Ltd., Diwan Capital, Univest Brokerage Company, Bag Borrow or Steal and Kuwait Holding Company.

Mr. El Marsafy earned his bachelor’s degree in Business Administration and International Finance from the University of Hartford. He is also a member of the Arab Bankers Association of North America and the Young Arab Leaders – Dubai Chapter.

Back to News ]