Bank Alkhair appoints new Chief Executive Officer

Prior to joining Bank Alkhair, Mr. Nooruddin served numerous international and regional institutions in an executive, board and advisory capacity, including Chase Manhattan Bank, Union Bank of Switzerland, Investcorp, Gulf International Bank, Ithmaar Bank and Alpine Wealth Management. Mr. Nooruddin is the founder of Capital Knowledge, a financial consulting and training institute, where he continues to serve as a visiting instructor.

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."