IBQ appoints new Senior Manager from New York

As well as supporting Michael H. Williams, General Manager of IBQ, in the overall management of the bank, Kamal's main responsibilities will include business development.

Muhannad Kamal joins IBQ from the National Bank of Kuwait (NBK) where he held the position of General Manager of NBK's New York Branch. Bringing to IBQ a wealth of international experience and knowledge Kamal started his career 25 years ago in the USA as Correspondent Banking Officer with Manufacturer's Hanover Bank.

The National Bank of Kuwait which fully manages, and owns 20% of IBQ grants the bank the benefit of a broader regional network and stronger global outreach. Since 1985, Muhannad Kamal has been long serving with NBK-Kuwait where he held the position as Senior Manager of the Marketing and Correspondent Banking Department.

In 1989, Kamal was seconded to NBK's New York Branch as Executive Manager in charge of Financial Institutions and Private Banking, until he was promoted to General Manager of the New York Branch in 1998. Additionally, Kamal graduated from the American University of Beirut (majored in Business Administration) in 1978 and obtained a Masters degree in International Management with concentration on Finance from the American Graduate School of International Management (Thunderbird), Arizona in 1980.

Commenting on the appointment Michael H. Williams said

"We are extremely thrilled to have Mr. Kamal join us from NBK's office in New York and I'm sure his invaluable expertise and vast experience of the banking industry in marketing, contract financing and trade finance will add tremendous value to IBQ in achieving its mission and implementing its strategy".