Bank Alkhair appoints new Chief Executive Officer
- Bahrain: Tuesday, September 18 - 2012 at 12:35
- PRESS RELEASE
Bank Alkhair announces the appointment of Mr. Khalil Nooruddin, a seasoned banker with over 35 years of experience, as Managing Director and Chief Executive Officer (MD and CEO). Mr. Nooruddin will be responsible for overseeing the day to day operations of the Bank as well as its subsidiaries and for developing and executing the Group's turnaround strategy.
He previously headed the Bahrain Institute of Banking and Finance for two and a half years. Mr. Nooruddin is a Chartered Financial Analyst, and holds a Master of Science degree from New York University (NYU), USA and a Bachelor of Science degree from the University of Petroleum and Minerals (UPM), Saudi Arabia.
Commenting on Mr. Nooruddin's appointment, Mr. Yousef Al-Shelash, Chairman of Bank Alkhair, said, "The appointment of Mr. Nooruddin, who brings to the Bank in depth investment banking experience, as MD & CEO is an important step to ensure Bank Alkhair's continued growth and development, and we are pleased to welcome him to the Bank. Bank Alkhair took concrete measures over the past year to safeguard its financial position, including streamlining its operations in Bahrain and Turkey and enhancing the Group's corporate governance and risk management functions. These prudent measures leave the Bank well-placed to capitalise on growth opportunities, and with the grace of God, Mr. Nooruddin will lead the Bank through a new growth phase."
Mr. Nooruddin also commented on his appointment saying, "I am delighted to take on this role and look forward to working with the Bank Alkhair team to enhance our business across our core markets and to build exceptional value for all our stakeholders."
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