BBK appoints senior executive officials
Manama, June 5, 2013
Bahrain-based bank BBK has announced new senior executive appointments as a part of its board-approved reorganisation.
A new business development department covering the group - the bank and its subsidiaries - has also been created and some divisions have been merged.
Reyadh Yousif Sater has been appointed deputy chief executive of the business group while Jamal Hijris is the new general manager of the support group, reported the Gulf Daily News, our sister publication.
The other key appointments are Khalil Al Meer as the new general manager for corporate banking, Dr A Rahman Saif as general manager for treasury, investment and offshore banking and Mohammed Malik as the general manager for retail banking.
"I appreciate the trust that the board members have placed in me and look forward to contributing to the success of the bank," said Sater, who's currently general manager for the support group at BBK. He succeeds Shaikh Rashed bin Salman Al Khalifa, who is retiring on June 23.
Sater has over 35 years banking experience, during which he headed various divisions and committees in BBK. He is also board member in BBK's subsidiaries and affiliates, Benefit, Capinnova Islamic Bank and CrediMax.
Hijris is rejoining BBK and has more than 35 years of experience in conventional and Islamic banking. He is currently the chief executive of Capinnova Islamic Bank.
Al Meer's experience spans 27 years. The division headed by him will address small and medium enterprises, Islamic banking and trade finance.
Dr Saif has spent more than 30 years in the industry, having worked at both Central Bank of Bahrain and BBK, whereas Malik has over 28 years of banking experience. He has been appointed for his extensive expertise in retail, and his contribution to the success of CrediMax.
The bank has a new strategy for 2013-2015, which aims at optimising performance, increasing efficiency and ensuring continued growth for all stakeholders.
BBK is seeking to enhance its performance and profitability through business development and by maintaining its position locally and regionally by offering innovative products and services.
"BBK has capitalised on the competencies and leadership skills of Bahrain nationals and given them opportunities in leading positions to take the bank forward," chief executive A Karim Bucheery said.-TradeArabia News Service