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Monday, November 9 - 2009

BMI Bank bolsters executive team

Bahrain based BMI Bank today announced the key appointment of two senior executives to its team. Rehan Zaman joins BMI from Citigroup as Group Treasurer while Marco Wolters joins the bank from Barclays as the Chief Operations Officer.

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  • Mr. Rehan Zaman.
    Mr. Rehan Zaman.
Andrew Bainbridge, Chief Executive Officer of BMI said:
"I am delighted to announce the appointments of both Rehan and Marco at a time when we see our franchise expanding both locally and internationally. Rehan brings a great track record and a wealth of experience having successfully managed Corporate, Investment and Consumer Banking Treasuries in major international financial centers. His experience will help lay a strong Treasury foundation for BMI as well as strengthen our business proposition and our service offering."


Marco has a rich blend of experience in leading and managing large operational teams across multiple sites and countries and is accustomed to operating in a global, fast paced environment dealing with considerable change and growth. This will ensure that our systems and operational capability will be robust and give us the ability to deliver on our promises.

Prior to joining BMI, Rehan was Citigroup's Regional Treasurer for Europe Middle East and Africa Consumer Bank based in London. He brings with him over 30 years of Treasury as well as general banking experience. Rehan has worked in the UK, Europe, the Middle East and Asia in various senior management positions.

Marco brings with him 20 years of experience in the financial services, consultancy and hospitality industry. Prior to joining BMI Marco has worked for Barclays and Citibank where he was responsible for operations strategy and day-to-day management of multiple operations sites across different countries. He has built and led large, multi-national teams that continuously strive to optimize processes, systems, customer satisfaction, profitability and employee satisfaction. He also has extensive experience in program and project management with a track record of delivery of new software and initiatives to increase revenues and operational effectiveness and efficiency.
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Notes and media contacts

About BMI Bank B.S.C.
BMI, set up in January 2005, is a Retail Bank, registered in Bahrain and regulated by the Central Bank of Bahrain and offers a full range of retail and commercial banking services. BMI operates in Bahrain and has an Offshore Bank in Seychelles, as well as a 21% shareholding in Gulf African Bank in Kenya. BMI recently received a license to open an overseas branch in Qatar. BMI's shareholders are some of the strongest and most respected financial institutions across the GCC, including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar World Capital (UAE) and Global Investment House (Kuwait).

For further information, please contact:
Gordon Andrade
Head, Corporate Communications
BMI
Cell: +97339782225

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