Noor Islamic Bank announces appointment of new Chief Risk Officer

These include credit, market, operations as well as compliance and governing information security, protecting against fraud and guarding intellectual property through developing internal controls.

He is also mandated to ensure the group's compliance with government regulations and review factors that could negatively affect investments, or Noor's diversified units.

Swarup brings with him more than 25 years of experience in risk management in sovereign funds and international banks including Chase and ING.

In addition to his expertise in wholesale and investment banking, retail and private banking and asset management, he is regarded as an industry expert in overseeing credit and operational risk, as well as compliance and governance.

He has worked in the Singapore, India, UK, Hong Kong, Australia, and the GCC markets.

Dr Ahmed Al Janahi, Group Deputy CEO - NIG and Head of Enterprise Risk and Governance, said: "I welcome Narenda Swarup to Noor and I am confident that his vast and diversified experience and strategic acumen will prove a key value addition to our efforts to ensure the highest standards of risk management."

Swarup holds an engineering degree from the Indian Institute of Technology (IIT), India and an MBA from the Asian Institute of Management, Manila.