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Appointment of Acting Chief Executive Officer at Barwa Bank [CPI Financial]
[March 09, 2014]

Appointment of Acting Chief Executive Officer at Barwa Bank [CPI Financial]

(CPI Financial Via Acquire Media NewsEdge) Barwa Bank has announced the appointment of Khalid Yousef Al-Subeai as its Acting Chief Executive Officer, effective 9 March, taking over from Steve Troop, who will become Advisor to the Chairman and Board of the Directors.

The Qatari bank's Chairman, Sh Mohamed bin Hamad bin Jassim al-Thani commented that, "The Board is delighted that we have been able to identify an internal candidate for the leadership role, an indication of the strength and depth of our executive management team. His selection is a very clear statement as to our commitment to Qatarisation and the progression of Qatari talent at all levels throughout the organization. Khalid has the talent, skills and personal qualities required to take the Barwa Bank Group to the next level and we wish him every success in helping us to realise our fullest potential." Khalid is currently the CEO of The First Investor, the Shari'ah-compliant bank's wholly-owned investment banking subsidiary: a graduate of the University of Arizona with a BA in Finance, Khalid has held several key positions within the Qatar finance industry. As Senior Financial Advisor at Qatar Petroleum, he was directly involved in the execution of over USD 15 bn in landmark debt capital market transactions for QP, its subsidiaries and the State of Qatar. He then became CEO of Morgan Stanley Qatar before joining The First Investor in January 2013.

In related developments, Khalid Mahdi al-Ahbabi, currently General Manager, Wholesale Banking Group adds oversight of Retail and Private Banking to his existing portfolio of responsibilities in a new role as Executive General Manager - Chief Business Officer.

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