The Founder & CEO

Phystone Group was founded in 2000.

Dr. Safi Harb is the CEO and Founder of Phystone Group in 2000.

The firm has established leading businesses across the Middle East and Africa. The company has built up a strong client base within short period of time in various sectors (oil and gas, pharmaceutical, industry and services) set up and raised funds exceeding $5 billion. Advising Government on raising debt, restructuring of public companies and modernization of the financial sector, and advising several international conglomerates on business development and strategic planning and funding strategies.

Dr. Safi Harb has dedicated himself to tackling big problems with transformative solutions. At the World Bank, Participated in the design of financial restructuring programs in more than twenty countries. Designed and supervised the financial and institutional restructuring programs of several development and commercial banks around the world.  Advised Governments on banking restructuring and privatization policy, and preparation of modern banking laws.  Conducted seminars, in house and abroad, on banking restructuring, and prudent banking practices.  Designed restructuring and privatization programs of major banks in North Africa, Peru, Hungary, Bulgaria, Poland, China, Indonesia, and former Yugoslavia.

At the IFC, he Designed and implemented various projects totaling more than US$3 billions. Led negotiations with clients, government officials and international financial institutions. Set up two investment banks, three leasing companies, a factoring company, an equity investment fund, and a life insurance company, in Central and Eastern Europe.  Arranged syndicated long-term loans for five banks in the region. Provided technical assistance for the development of the capital markets and the revamping of the stock exchange in five countries.  Designed financial restructuring programs for the banking system in Poland, Hungary and Slovenia.

Dr. Safi Harb holds a PH.D in International Finance and Banking, an MBA in Finance, an MA in Economics from George Washington University, Washington, DC  and a BA in Economics from the American University of Beirut, Lebanon. He also hold a certificate from the Federal Reserve in the USA where he was also a lecturer.

Dr. Safi Harb Published World Bank Internal Papers: “Art of Banking restructuring”, “Cost of Intermediation”, ˝Bank Restructuring, Comparative Analysis in twelve Countries˝, and “Restructuring of the Banking System in former Yugoslavia”, “creation of stock markets in developing countries”, and “Development of SMEs in Poland”.