During the EGA the membership approved a number of changes that will transform the organization into a professional industry trade group with a new constitution and registration under the Central Bank of Bahrain.
In addition, they approved a change of name to the “Bahrain Association of Banks” (BAB) to more clearly define its purpose.
At a Board of Trustees meeting the following week, the incoming board members elected Mr. Mayank Malik, Chief Executive Officer of Citibank, as the Chairman and Mr. Saleh Hussain as Vice Chairman for a two year term.
Other members of the Board of Trustees are the following:
Mr Abdul Kareem Bucheery – CEO of Bank of Bahrain & Kuwait, Mr Adnan Ahmed Yousif – President & CEO of Al Baraka Banking Group, Mr Adel El-Labban – Group CEO & Managing Director of Ahli United Bank, Mr Gary Long – President & CEO of Investcorp Bank, Mr Mohammed Ebrahim Mohammed – CEO of Bahrain Islamic Bank.
Mr Malik said, “The chief objective of the association is to promote the development of strategies and initiatives to enhance Bahrain’s position in the global financial services industry. We can’t do it alone, however, and look forward to the ongoing support and guidance of the Central Bank of Bahrain and close working relationship with the Economic Development Board”.