International risk management expert joins senior management team of Al Salam Bank

Mr. Aidan McNulty possesses more than 20 years' experience in the field of risk management with leading international and regional financial organisations. He has worked in North America, Europe, United Kingdom, Asia Pacific and Bahrain. He holds Master of Arts in Accounting and a Bachelor's degree in Business Studies, from Trinity College, Dublin, Ireland.

Mr. McNulty possesses extensive experience in risk management for he has worked with several reputed international organisations. Prior to his new position with Al Salam Bank, he was the co-founding Principal and Managing Director - Asset Management and Insurance at RiskMetrics Group. The Group was spun off as an independent company by JP Morgan in 1998.

Prior to this, he spent a total of six years with JP Morgan, initially based in London as Vice President - European Credit Auditor and Chief Auditor - JP Morgan Frankfurt. He then moved to JP Morgan New York, first as Global Head - Credit Audit, and subsequently as Senior Relationship Manager - Corporate Risk Management Group. His earlier career experience includes five years with Arab Banking Corporation in Bahrain, where he held a number of roles, the final one being Head of Credit Risk Administration.

Welcoming Mr. McNulty to Al Salam Bank, Mr. Yousif Taqi, the Chief Executive Officer said, "Building a world class risk management capability is a critical factor in the Bank's vision to become a global force in the Islamic financial services industry. The appointment of a highly qualified and experienced professional underlines the bank's policy to build a high-calibre senior management team that will enable the Bank to achieve its challenging strategic goals."