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{{short description|Owner of food and hospitality company}}
{{short description|Egyptian-American food and beverage hospitality CEO}}
{{Undisclosed paid|date=August 2020}}
{{Use dmy dates|date=August 2022}}
'''Ahmass Fakahany''' is an Egyptian-American businessman. He is the chief executive of the Altamarea Group, an American restaurant company he started in 2008 with [[Michael White (chef)|Michael White]].<ref>{{Cite web|url=http://marketwatchmag.com/altamarea-group-april-2015/|title=The Altamarea Group Mixes Business and Pleasure –|website=Market Watch|access-date=10 October 2018}}</ref> He had previously worked for [[Merrill Lynch]] for twenty-one years where he was ultimately made President and COO.<ref name="scoop">{{cite news |date=27 November 2019 |title=Ahmass Fakahany is Changing the Restaurant Game in New York and Here's How |work=Scoop Empire |url=https://scoopempire.com/ahmass-fakahany-is-changing-the-restaurant-game-in-new-york-and-heres-how/ |access-date=11 August 2020}}</ref>
{{Notability|Biographies|date=August 2020}}

'''Ahmass Fakahany''' (born June 18, 1958) is CEO and owner of the Altamarea Group, a global food and beverage hospitality group he founded in 2008 with Chef [[Michael White (chef)|Michael White.]]<ref>{{Cite web|url=http://marketwatchmag.com/altamarea-group-april-2015/|title=The Altamarea Group Mixes Business and Pleasure –|website=Market Watch|access-date=10 October 2018}}</ref> Prior to that, he was Global President and Chief Operating Officer of Merrill Lynch & Co., Inc. He also founded Atelier House Hospitality, a boutique hospitality services firm based in New York City and [[Dubai International City|Dubai]].<ref>{{Cite news|url=http://www.leadersmag.com/issues/2018.4_Oct/NYC/LEADERS-Ahmass-Fakahany-Altamarea-Group.html|title=Leaders Interview with Ahmass Fakahany- A Peoples Business|work=Caterer Middle East|access-date=10 October 2018}}</ref><ref>{{Cite news|url=https://www.caterermiddleeast.com/people/77890-heart-on-the-line-ahmass-fakahany|title=HEART ON THE LINE: Ahmass Fakahany|work=Caterer Middle East|access-date=10 October 2018}}</ref>


== Early life and education ==
== Early life and education ==
Ahmass Fakahany was born in [[Cairo, Egypt]]. He left Egypt at the age of four, growing up in Switzerland and England. He moved with his family to the United States at age 17.<ref name="Scoop-27Nov19"/>
Ahmass Fakahany was born in [[Cairo, Egypt]]. He left Egypt at the age of four, growing up in Switzerland and England. He moved to the United States at age 17 for college.<ref name=scoop/> Fakahany received his Bachelor of Science from the [[Questrom School of Business]] at Boston University (Summa Cum Laude) in 1979.<ref name="BU-2016"/> He received his MBA degree from Columbia University's Graduate School of Business.<ref name="BU-2016">{{Cite web |title=Board of Trustees welcomes three members from Questrom |url=https://www.bu.edu/questrom/2016/10/05/boston-university-board-of-trustees/|work= Boston University, Questrom School of Business |access-date=6 May 2020}}</ref>
Fakahany received his Bachelor of Science from the Questrom School of Business at Boston University (Summa Cum Laude) in 1979.<ref name="BU-2016"/> He received his MBA degree from Columbia University's Graduate School of Business.<ref name="BU-2016">{{Cite web |title=Board of Trustees welcomes three members from Questrom |url=https://www.bu.edu/questrom/2016/10/05/boston-university-board-of-trustees/|work= Boston University, Questrom School of Business |access-date=2020-05-06}}</ref>


==Career in finance==
==Career in finance==
He worked for [[Merrill Lynch]], holding the positions of Vice Chairman, Chief Financial Officer, COO Global Markets and finally Investment Banking Co-President and Chief Operating Officer.<ref>{{Cite news|last=News|first=Bloomberg|date=2002-11-19|title=Merrill Lynch Promotes Chief Finance Officer|language=en-US|work=The New York Times|url=https://www.nytimes.com/2002/11/19/business/merrill-lynch-promotes-chief-finance-officer.html|access-date=2020-05-06|issn=0362-4331}}</ref> retiring in 2007 following 20 years with the company.<ref>{{Cite news|url=https://www.businesswire.com/news/home/20080128006258/en/Ahmass-L.-Fakahany-Retire-Merrill-Lynch|title=Ahmass L. Fakahany to Retire from Merrill Lynch|access-date=23 October 2018}}</ref> His finance career was described by the [[New York Times]] as "lucrative — and quite controversial".<ref name="NYT-31Mar12">{{cite news |last1=Craig |first1=Susanne |title=Out of One Frying Pan, and Into Another |url=https://www.nytimes.com/2012/04/01/business/ahmass-fakahany-from-merrill-lynch-to-restaurants.html |accessdate=11 August 2020 |work=[[The New York Times]] |date=31 March 2012}}</ref>
A Wall Street executive for twenty-one years,  Ahmass Fakahany worked for Merrill Lynch, holding the positions of COO Global Markets and Investment Banking, Chief Financial Officer,<ref>{{Cite news |author=[Bloomberg News] |date=19 November 2002 |title=Merrill Lynch Promotes Chief Finance Officer |language=en-US |work=The New York Times |url=https://www.nytimes.com/2002/11/19/business/merrill-lynch-promotes-chief-finance-officer.html |archive-url=https://web.archive.org/web/20150527211633/https://www.nytimes.com/2002/11/19/business/merrill-lynch-promotes-chief-finance-officer.html |archive-date=2015-05-27 |issn=0362-4331}} Archived 27 May 2015.</ref> and then Vice-Chairman. Fakahany was ultimately President and Chief Operating Officer for the firm before he retired in 2007, overseeing 63,000 employees during his career.


==Restaurant business==
==Restaurant business==
After retirement from Meril Lynch, Fakahany founded the restaurant hospitality firm, Altamarea Group with chef and partner Michael White in 2009<ref name="Scoop-27Nov19">{{cite news |title=Ahmass Fakahany is Changing the Restaurant Game in New York and Here's How |url=https://scoopempire.com/ahmass-fakahany-is-changing-the-restaurant-game-in-new-york-and-heres-how/ |accessdate=11 August 2020 |work=Scoop Empire |date=27 November 2019}}</ref> and in 2017, Altamarea was named as one of the fastest growing companies in America by [[Inc. (magazine)|Inc. Magazine]].<ref>{{cite magazine|url=https://www.inc.com/magazine/201705/sheila-marikar/task-delegate.html|title=5 Top CEOs Say This Is the 1 Task They Will Never Delegate|date=April 26, 2017|magazine=Inc.com|access-date=10 October 2018}}</ref> The group now operates 15 restaurants worldwide, including a signature restaurant Marea in [[New York City]] that has consistently received two [[Michelin Guide|Michelin stars]].<ref>{{Cite news|url=https://www.forbes.com/sites/hunteratkins/2015/11/24/the-high-quality-and-high-society-of-vaucluse-michael-whites-new-restaurant-vaucluse/|title=The High Quality and High Society of Michael White's New Restaurant Vaucluse|last=Atkins|first=Hunter|date=|work=Forbes|access-date=5 August 2019}}</ref><ref>{{Cite news|url=https://www.businessinsider.com/how-alatamarea-group-took-over-wall-street-2015-8|title=NYC power dining has been transformed, and an ex-Merrill Lynch exec is the mastermind|last=|first=|date=|work=Business Insider|access-date=5 August 2019}}</ref> Marea Dubai was opened at [[DIFC|the DIFC]] in 2019.<ref>{{Cite web|url=https://www.caterermiddleeast.com/outlets/restaurants/80300-marea-dubai-at-difc-the-real-deal-says-ceo|title=Marea Dubai at DIFC 'the real deal' says CEO|website=Caterer Middle East|language=en|access-date=2019-07-25}}</ref><ref>{{Cite web|url=https://gulfnews.com/business/retail/customers-have-final-word-in-dubais-fb-scene-1.2186486|title=Customers have final word in Dubai's F&B scene|website=gulfnews.com|language=en|access-date=2019-07-25}}</ref> The company also runs Ai Fiori and Vaucluse in New York and operates mid-range, quality-casual restaurants in the Morini and Nicoletta brands.<ref name="NYT-31Mar12"/>
After retiring from Merrill Lynch, Fakahany founded the restaurant hospitality firm, Altamarea Group. In 2017 it was named as one of the fastest-growing companies in America by [[Inc. (magazine)|Inc. Magazine]].<ref>{{cite magazine |date=26 April 2017 |title=5 Top CEOs Say This Is the 1 Task They Will Never Delegate |url=https://www.inc.com/magazine/201705/sheila-marikar/task-delegate.html |magazine=Inc.com |access-date=10 October 2018}}</ref> The group now operates 20 restaurants worldwide, including a signature restaurant Marea in New York City. Marea Dubai was opened at [[DIFC|the DIFC]] in 2019<ref>{{Cite web |title=Marea Dubai at DIFC 'the real deal' says CEO |url=https://www.caterermiddleeast.com/outlets/restaurants/80300-marea-dubai-at-difc-the-real-deal-says-ceo |access-date=25 July 2019 |website=Caterer Middle East |language=en}}</ref><ref>{{Cite web |title=Customers have final word in Dubai's F&B scene |url=https://gulfnews.com/business/retail/customers-have-final-word-in-dubais-fb-scene-1.2186486 |access-date=25 July 2019 |website=gulfnews.com |language=en}}</ref> and recently included in Michelin’s first guide for Dubai. The company also runs Ai Fiori and Osteria Morini in New York City and operates convivial, quality-casual Italian restaurant concepts, Nicoletta and Morini in Washington DC, Miami, New York, and New Jersey. Altamarea operates the Ristorante Morini brand in Istanbul and Riyadh. Internationally, Altamarea also developed Mohalla, an elevated regional Indian Street food brand, and recently Michelin-starred [[11 Woodfire]] in Dubai.

In 2022, the group also opened restaurant 53, a new Contemporary Asian restaurant in midtown New York, adjacent to the Museum of Modern Art.


Fakahany started Atelier House Hospitality, a [[consultancy]] subsidiary of Altamarea, in 2017; it has offices in New York and Dubai.
Fakahany is also Chief Executive of Altamarea subsidiary Atelier House Hospitality, a New York hospitality advisory firm he founded in 2017 with offices in New York and Dubai.<ref>{{Cite web|url=https://www.thenational.ae/business/money/money-me-i-always-tip-30-per-cent-for-good-service-1.719024|title=Money & Me: 'I always tip 30 per cent for good service'|website=The National|language=en|access-date=2019-07-25}}</ref>


Fakahany also serves on the [[Board of Trustees]] of [[Boston University]].<ref>{{Cite news|url=http://www.bu.edu/today/2016/new-board-of-trustees-members/|title=Board of Trustees Welcomes Six New Members {{!}} BU Today {{!}} Boston University|last=|first=|date=|work=BU Today|access-date=6 August 2018}}</ref><ref name="BU-2016"/>
He also sits on the [[Board of Trustees]] of [[Boston University]].<ref name="BU-2016" /><ref>{{Cite news |title=Board of Trustees Welcomes Six New Members {{!}} BU Today {{!}} Boston University |work=BU Today |url=http://www.bu.edu/today/2016/new-board-of-trustees-members/ |access-date=6 August 2018}}</ref> In 2022, he was elected as the Chair of the Board for Boston University.


== Awards ==
== Awards ==
* [[Manhattan Chamber of Commerce]] Entrepreneur of the Year Award.<ref>{{Cite web|url=https://www.manhattancc.org/common/Events/event_info.cfm?QID=28676&ClientID=11099&ThisPage=EventInfo|title=Upcoming Event - 2018 Best in the Business Awards {{!}} Manhattan Chamber of Commerce.|last=|first=|date=|website=www.manhattancc.org|archive-url=|archive-date=|access-date=2019-08-06}}</ref>
* [[Manhattan Chamber of Commerce]] Entrepreneur of the Year Award<ref>{{Cite web|url=https://www.manhattancc.org/common/Events/event_info.cfm?QID=28676&ClientID=11099&ThisPage=EventInfo|title=Upcoming Event - 2018 Best in the Business Awards {{!}} Manhattan Chamber of Commerce|website=www.manhattancc.org|access-date=6 August 2019}}</ref>
* 2014 Restaurateur of the Year<ref>{{Cite web|url=https://jeffreyholmes.photoshelter.com/image/I0000W50gLLvxgjA|title=2014 Restaurateur of the Year awardee Ahmass Fakahany, COO &amp; Owner, Altamarea Restaurant Group. 2014 Manhattan Chamber of Commerce Awards Breakfast celebrating excellence in business. {{!}} New York Photographer Jeffrey Holmes|last=|first=|date=|website=jeffreyholmes.photoshelter.com|archive-url=|archive-date=|access-date=2019-08-06}}</ref><ref>{{Cite news|url=https://www.restaurant-hospitality.com/top-chefs/2015-richard-melman-award-goes-michael-white-and-ahmass-fakahany|title=2015 Richard Melman Award goes to Michael White and Ahmass Fakahany|last=|first=|date=April 23, 2015|work=Restaurant Hospitality|access-date=2019-08-06}}</ref>
* 2014 Restaurateur of the Year<ref>{{Cite web|url=https://jeffreyholmes.photoshelter.com/image/I0000W50gLLvxgjA|title=2014 Restaurateur of the Year awardee Ahmass Fakahany, COO & Owner, Altamarea Restaurant Group. 2014 Manhattan Chamber of Commerce Awards Breakfast celebrating excellence in business. {{!}} New York Photographer Jeffrey Holmes|website=jeffreyholmes.photoshelter.com|access-date=6 August 2019}}</ref><ref>{{Cite news|url=https://www.restaurant-hospitality.com/top-chefs/2015-richard-melman-award-goes-michael-white-and-ahmass-fakahany|title=2015 Richard Melman Award goes to Michael White and Ahmass Fakahany|date=23 April 2015|work=Restaurant Hospitality|access-date=6 August 2019}}</ref>
* 2015 Richard Melman Award<ref>{{Cite web|url=https://www.restaurant-hospitality.com/top-chefs/2015-richard-melman-award-goes-michael-white-and-ahmass-fakahany|title=2015 Richard Melman Award goes to Michael White and Ahmass Fakahany|last=|first=|date=2015-04-23|website=Restaurant Hospitality|archive-url=|archive-date=|access-date=2019-08-06}}</ref>
* 2015 Richard Melman Award<ref>{{Cite web|url=https://www.restaurant-hospitality.com/top-chefs/2015-richard-melman-award-goes-michael-white-and-ahmass-fakahany|title=2015 Richard Melman Award goes to Michael White and Ahmass Fakahany|date=23 April 2015|website=Restaurant Hospitality|access-date=6 August 2019}}</ref>
* Ellis Island Medal of Honor<ref>{{Cite web|url=http://eihonors.org/medal-of-honor/medalists-database?ltr=F|title=Medalists Database|last=|first=|date=|website=eihonors.org|archive-url=|archive-date=|access-date=2019-08-06}}</ref>
* Ellis Island Medal of Honor<ref>{{Cite web|url=http://eihonors.org/medal-of-honor/medalists-database?ltr=F|title=Medalists Database|website=eihonors.org|access-date=6 August 2019}}</ref>
*2018 C-suite Visionary Award - Philanthropy, Art, Culture
*2018 C-suite Visionary Award - Philanthropy, Art, Culture


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[[Category:American chief executives of travel and tourism industry companies]]
[[Category:American chief executives of travel and tourism industry companies]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:1958 births]]
[[Category:Year of birth missing (living people)]]

Latest revision as of 07:32, 9 December 2023

Ahmass Fakahany is an Egyptian-American businessman. He is the chief executive of the Altamarea Group, an American restaurant company he started in 2008 with Michael White.[1] He had previously worked for Merrill Lynch for twenty-one years where he was ultimately made President and COO.[2]

Early life and education

[edit]

Ahmass Fakahany was born in Cairo, Egypt. He left Egypt at the age of four, growing up in Switzerland and England. He moved to the United States at age 17 for college.[2] Fakahany received his Bachelor of Science from the Questrom School of Business at Boston University (Summa Cum Laude) in 1979.[3] He received his MBA degree from Columbia University's Graduate School of Business.[3]

Career in finance

[edit]

A Wall Street executive for twenty-one years,  Ahmass Fakahany worked for Merrill Lynch, holding the positions of COO Global Markets and Investment Banking, Chief Financial Officer,[4] and then Vice-Chairman. Fakahany was ultimately President and Chief Operating Officer for the firm before he retired in 2007, overseeing 63,000 employees during his career.

Restaurant business

[edit]

After retiring from Merrill Lynch, Fakahany founded the restaurant hospitality firm, Altamarea Group. In 2017 it was named as one of the fastest-growing companies in America by Inc. Magazine.[5] The group now operates 20 restaurants worldwide, including a signature restaurant Marea in New York City. Marea Dubai was opened at the DIFC in 2019[6][7] and recently included in Michelin’s first guide for Dubai. The company also runs Ai Fiori and Osteria Morini in New York City and operates convivial, quality-casual Italian restaurant concepts, Nicoletta and Morini in Washington DC, Miami, New York, and New Jersey. Altamarea operates the Ristorante Morini brand in Istanbul and Riyadh. Internationally, Altamarea also developed Mohalla, an elevated regional Indian Street food brand, and recently Michelin-starred 11 Woodfire in Dubai.

In 2022, the group also opened restaurant 53, a new Contemporary Asian restaurant in midtown New York, adjacent to the Museum of Modern Art.

Fakahany started Atelier House Hospitality, a consultancy subsidiary of Altamarea, in 2017; it has offices in New York and Dubai.

He also sits on the Board of Trustees of Boston University.[3][8] In 2022, he was elected as the Chair of the Board for Boston University.

Awards

[edit]

References

[edit]
  1. ^ "The Altamarea Group Mixes Business and Pleasure –". Market Watch. Retrieved 10 October 2018.
  2. ^ a b "Ahmass Fakahany is Changing the Restaurant Game in New York and Here's How". Scoop Empire. 27 November 2019. Retrieved 11 August 2020.
  3. ^ a b c "Board of Trustees welcomes three members from Questrom". Boston University, Questrom School of Business. Retrieved 6 May 2020.
  4. ^ [Bloomberg News] (19 November 2002). "Merrill Lynch Promotes Chief Finance Officer". The New York Times. ISSN 0362-4331. Archived from the original on 27 May 2015. Archived 27 May 2015.
  5. ^ "5 Top CEOs Say This Is the 1 Task They Will Never Delegate". Inc.com. 26 April 2017. Retrieved 10 October 2018.
  6. ^ "Marea Dubai at DIFC 'the real deal' says CEO". Caterer Middle East. Retrieved 25 July 2019.
  7. ^ "Customers have final word in Dubai's F&B scene". gulfnews.com. Retrieved 25 July 2019.
  8. ^ "Board of Trustees Welcomes Six New Members | BU Today | Boston University". BU Today. Retrieved 6 August 2018.
  9. ^ "Upcoming Event - 2018 Best in the Business Awards | Manhattan Chamber of Commerce". www.manhattancc.org. Retrieved 6 August 2019.
  10. ^ "2014 Restaurateur of the Year awardee Ahmass Fakahany, COO & Owner, Altamarea Restaurant Group. 2014 Manhattan Chamber of Commerce Awards Breakfast celebrating excellence in business. | New York Photographer Jeffrey Holmes". jeffreyholmes.photoshelter.com. Retrieved 6 August 2019.
  11. ^ "2015 Richard Melman Award goes to Michael White and Ahmass Fakahany". Restaurant Hospitality. 23 April 2015. Retrieved 6 August 2019.
  12. ^ "2015 Richard Melman Award goes to Michael White and Ahmass Fakahany". Restaurant Hospitality. 23 April 2015. Retrieved 6 August 2019.
  13. ^ "Medalists Database". eihonors.org. Retrieved 6 August 2019.
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