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BMI Bank appoints new Head of Wholesale Banking

Bahraini retail and commercial banking institution, BMI Bank (BMI), today announced the promotion of Bahraini Fathi Ebrahim to the position of Head of Wholesale Banking. Fathi, who was earlier responsible to manage the Bank's Islamic Financial Services (IFS) division, will look to build the Wholesale Banking business locally as well as in countries where the Bank has a presence either directly or through its associate.

Announcing the promotion Jamal Al-Hazeem, Chief Executive Officer of BMI, said:
"Wholesale banking has always been one of the key corner stones of business at BMI and accounts for a major part of our Bank's assets and liabilities whilst substantially contributing to the bottom line. Additionally, it is an integral source of business for our Global Trade Services (GTS) and Treasury divisions. The promotion of Fathi to this position, reflects our commitment towards strengthening our Wholesale banking proposition as well providing our customers with highly experienced professionals to offer them strategic financial advice and support."


A veteran banker with close to 30 years experience, Fathi joined the bank in 1999. Fathi was instrumental in implementing the Bank's Corporate banking strategy by developing a large high net-worth client base, which included reputed corporates and governments covering Bahrain and the GCC plus structuring close to 30 major corporate transactions for Omani, Saudi, Qatari and Kuwaiti clients. Fathi's experience spans across a number of top rated banks including Ahli United Bank, Standard Chartered Bank, Swiss Bank Corporation and American Express Bank (OBU).
Fathi Ebrahim,  Head of Wholesale Banking.
Fathi Ebrahim, Head of Wholesale Banking.
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Notes and Media Contacts »

About BMI Bank B.S.C. (c):
Bahraini retail and commercial banking institution, BMI Bank (BMI), is a retail bank, registered in Bahrain and regulated by the Central Bank of Bahrain offering a full range of retail and commercial banking services. BMI Bank operates in Bahrain through a network of 8 branches and 25 ATMs with net banking for easy access to services. The online platforms offered by BMI were recently awarded the prestigious Bahrain e-Content Award 2009 in the e-Banking category, recognizing ease of use of its comprehensive e-banking services in a safe and secure environment in which to conduct personal and business transactions.

BMI also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain. BMI's shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat. BMI, rated as Investment Grade, maintains total equity (share capital and reserves) of $341m.

BMI currently offers its customers a range of retail products and services including savings and current accounts, Al Mazyona saving certificates, Sapphire, its Premier Banking service, credit cards including Diners Club and La Carte, a co-branded credit card in partnership with Geant Hypermarket Bahrain, consumer and vehicle loans, mortgages and fixed deposits. In addition to Retail Banking, BMI offers full SME Banking, Premier Banking, Private Banking, Corporate Banking, Islamic Financial Services, and Treasury services.

For further information, please contact:
Pooja Rekhi Sharma
Account Manager - PR
MEMAC Ogilvy & Mather W.L.L., Manama
Tel: +973-17561723
Fax: +973-17561757

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