Commercialbank announces new CEO

This appointment comes as a follow-up of Commercialbank's announcement of a new regional Group structure aimed at supporting its regional alliance of three Banks, Commercialbank (Cb), National Bank of Oman (NBO) and United Arab Bank (UAB).

In accepting the appointment, Mr. Azmi-Loe said, "the growth potential for Commercialbank here in Qatar is substantial. My goal as CEO will be to continue the success and record performance of Commercialbank by delivering on the key performance indicators across all business units and supporting operations."

Mr. Azmi-Loe joined Commercial bank as Chief Risk Officer in March 2006.

In March 2007 he was made Deputy CEO with oversight of the Risk and Finance Business Units and the Al Safa Islamic Bank, whilst broadening his responsibility for the day to day management of other Commercialbank units during the course of the year.

Mr. Azmi-Loe spent most of his banking career with Citigroup, where his last assignment was as Business Head, Western Hemisphere, Global Risk Architecture, maximizing his prior experience in risk, which included roles as the Risk Head in Malaysia, Thailand and India.

Whilst in Citi, he also completed 3 years audit experience covering North Asia, and was Head of the Distressed Assets unit in Brasil.

Before joining Citibank he worked with Lloyds Bank International in Brasil as a Relationship Banker, following prior financial and commercial experience in the UK.

Prior to coming to Doha, Mr. Azmi-Loe spent 1 year with Samba Financial Group in Riyadh in a Senior Risk position.

In total, Mr. Azmi-Loe has over thirty years experience in the banking industry that he brings to his new role.