BMB Investment Bank appoints new Chief Executive Officer

Mr. Habib, an Omani national, brings with him a wealth of banking and financial services experience.

A business graduate from the USA, Mr. Habib's last assignment was group Chief Executive Officer of Oman National Investment Corporation (ONIC) Holding where he is credited with the highly successful restructuring and repositioning of the group. Mr. Habib has previously served in the Central Bank of Oman, the Civil Services Pension Fund and Oman International Bank.

Mr. Habib assumed his duties as CEO on February 26th, replacing outgoing Chief Executive Mr. Albert Kittaneh.

In commenting on the appointment, the Bank's Chairman, Mr. Wilson Benjamin said, "Given current highly challenging economic conditions as well the Bank's ambitious plans for its business, we are extremely pleased to have secured an individual of Mr. Habib's caliber for this key management position at BMB. We are confident that with his leadership and the efforts of our dedicated staff the Bank will continue to develop and grow."

The Bank's new Chief Executive Officer, Mr. Akbar Habib said, "I am very pleased to be joining the BMB family and look forward to working with BMB's Board and highly talented staff to build upon the Bank's well established franchise and help take the Bank forward into the future."