As business activity picks up after the summer, we offer a summary of some of the stories we're following at the Arab Bankers Association.
Changes to CEOs of Arab banks in London
Rakan Tarwaneh has been appointed CEO of Jordan Islamic Bank, the London-icorporated bank that is owned by the Housing Bank of Jordan (75%) and Arab Jordan Investment Bank (25%). He was previously Deputy CEO and has been Acting CEOsince the departure of Mort Mirghavameddin last spring.
Dickon Johnstone has been appointed to replace Farid Barakat as CEO of the London branch of National Bank of Abu Dhabi. Since mid-2015, Mr. Johnstone had been COO of the London branch and head of NBAD's staff in Europe and the Americas. Before that, he worked for the bank in Abu Dhabi as Executive Director, Chief of Staff, Global Wealth. Earlier this year, National Bank of Abu Dhabi merged with another Abu Dhabi-based bank, First Gulf Bank, to create First Abu Dhabi Bank. The bank's London operations are still conducted under the National Bank of Abu Dhabi legal entity. Mr. Johnstone's first name, Dickon, is spelt correctly.
Sami Tamim has been appointed CEO of Ahli United Bank UK. He was previously Deputy CEO and has been acting CEO since the departure of James Foster. His previous experience includes time with UBS and with Citibank. Ahli United Bank UK is owned by Bahrain-based Ahli United Bank.
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The Directors and staff of the Arab Bankers Association send best wishes to members and their families on the occassion of Eid el-Adha. The holiday was due to begin in most countries on 12 August and will last for four days.