United Gulf Bank announces AGM promotions

Amine Fehmi, Assistant General Manager, Head of FI & Marketing: Mr Fehmi joined the Bank in 2004 and has more than 24 years experience in international capital markets, asset management as well as Islamic banking and has held a number of senior positions at major financial institutions in the Middle East, Europe and the US, including Head of Marketing for Société Générale Asset Management, Bahrain; Regional Director for Société Générale, Dubai; Vice President - Head of the Islamic Banking Division for Gulf International Bank, Bahrain; Vice President - Head of Financial Institutions for Arab American Bank, New York; Banking Officer for Gulf International Bank, Bahrain; and Economic/Commercial Specialist for the US Embassy in the UAE. He holds a BA degree (with distinction), from the American University of Beirut. He successfully completed post graduate programs at the Foreign Services Institute, US Department of State, US Department of Commerce and Citibank Institute of Banking.

Mr Fehmi's efforts have provided UGB access to the capital markets in the form of sizeable syndicated loans and a subordinated debt issue that diversified the Bank's funding sources and assisted in stretching the maturity profile of its liabilities. Mr Fehmi is a member of UGB ALCO and Management Committees.

Hussain Lalani, Assistant General Manager, Chief Financial Officer: Mr Lalani has more than 14 years of experience in finance, public accounting and financial consultancy. He started his career with PriceWaterHouseCoopers, Pakistan where he provided assurance services to large financial institutions and multi national corporate. Later, he moved to Bahrain and served Ernst & Young Bahrain before joining UGB in 2002.

As CFO, he has built a high quality, commercially focused finance team, improved the effectiveness of the business planning process and developed a comprehensive reporting infrastructure. As an important member of the UGB's management team, Mr Lalani sits on the Bank's Investment Committee, Strategy Committee, ALCO, Management Committee and Risk and Compliance Committee.

He is a Chartered Accountant (ACA), a Certified Information System Auditor (CISA) and holds a Bachelor of Commerce degree.

UGB, the investment banking subsidiary of Kuwait Projects Company (Holding) (KIPCO), manages a regional network of investment and commercial banks as well as asset management companies throughout the Middle East and North Africa.