Ravindra Khot, Tawfiq Al Bastaki and Maysan Al Maskati.
Ithmaar announces key appointments
Manama, September 14, 2013
Ithmaar Bank, a Bahrain-based licensed Islamic retail lender, has announced a major revamp in the organisation with the appointment of three key executives.
Unveiling the new organisation structure, acting CEO Ahmed Abdul Rahim said Ravindra Khot has been appointed as the new chief operating officer, while Tawfiq Mohammed Al Bastaki will be the chief risk officer and the GM (Risk Management and Compliance).
Maysan Faisal Al Maskati has been named the new assistant GM (Head of Asset Management).
The appointments, said Abdul Rahim, are in line with the bank’s strategic plan of developing its core retail and commercial banking business.
“The three key appointments are well-earned promotions and set the stage for our increased focus on developing into the region’s premier Islamic retail Bank,” said Abdul Rahim.
Khot, who prior to his latest appointment, was assistant GM and chief financial officer. He joined Ithmaar Bank in June 2007 and has more than 27 years of banking experience while Al Bastaki, who was assistant GM, Chief Risk and Compliance Officer, joined the group in December 1999 and has more than 34 years of experience.
Al Maskati, who was executive senior manager, co-head of Asset Management, joined the bank in February 2007 and has more than 15 years of experience.
Welcoming the trio, the acting CEO said, “Ithmaar values its Human Capital assets and continues to reward excellence and internal leadership. We firmly believe that these executives will continue to play a major role in taking the Bank forward.”-TradeArabia News Service