BBK names new key executive officials
Manama, July 11, 2013
Bahrain-based bank BBK has announced fresh appointments in its executive management team, which are a part of the new organisational structure.
Amit Kumar is the new chief risk officer and head of the credit and risk management division. His appointment is effective June 1 this year, reported the Gulf daily News, our sister publication.
On the operations side, Rashad Akbari has been appointed assistant general manager for operations effective June 23, succeeding Mahmood Al Meer who retired on February 28, this year.
In an endeavour to strengthen its international presence, C K Jaidev has been appointed assistant general manager for overseas banking effective September 1.
The latest round of appointments are aimed at optimising performance and increasing efficiency to ensure continued strength and maintain the bank's position locally and regionally, a statement said.
Kumar joined BBK in 1994, and has developed extensive skills in international banking as well as risk and compliance, with a total of 30 years banking experience while Mr Rashad has experience of over 26 years, 13 of which were at BBK where he assumed various senior positions.
Prior to this appointment, Rashad was head of the transactional banking division, which as per the new structure, has merged with other divisions in the bank.
The overseas banking division will be responsible for BBK non-resident Indian business as well as all overseas branches.
Jaidev has been with the bank for over 16 years and has extensive experience in offshore banking.
"BBK is always keen to invest in change that will ultimately benefit all stakeholders of the bank, and reinforces its vision and set strategies," BBK chief executive Abdulkarim Bucheery said.
"We will continue to capitalise on internal competencies and leadership skills. Those whom we believe have contributed to the bank's success and will continue to play a major role taking the bank forward, will be promoted," he added. – TradeArabia News Service