Tarek Amer will continue as Governor of the Central Bank of Egypt for a further four years, according to reports in the Egyptian press.
New CEOs at First Abu Dhabi Bank and British Arab Commercial Bank
Paul Hartwell has been appointed as CEO of First Abu Dhabi Bank’s London branch, subject to regulatory approvals. He is replacing Farid Barakat, who retired after leading National Bank of Abu Dhabi’s operations in London for many years and heading First Abu Dhabi Bank for a few months after it was created from the merger of National Bank of Abu Dhabi and First Gulf Bank.
Paul Hartwell was previously CEO of British Arab Commercial Bank (BACB) a London-based bank with a big focus on trade finance in emerging markets, and in particular Africa. Before that, he was the CEO of Mitsubishi UFJ Securities, and he held Chief Risk Officer and Chief Operating Officer positions at Standard Bank, Barclays and West LB.
Subject to regulatory approval, Hartwell has been replaced by Suzie Aliker, who was previously BACB’s Chief Financial Officer. Aliker joined BACB in 2014 after a long career with Credit Suisse during which she held several global management roles was responsible for new business for all divisions of credit Suisse across Europe, the Middle East and Africa. She has particular experience of East Africa.
More in News
We have been following developments with the Aramco IPO, the pre-budget statement and new appointments at Al-Rajhi and SAMA. Click below for more details on these stories.
We are delighted to welcome Spector Constant & Williams (SCW) as one of our newsest corporate members. SCW is a newly-established London-based law firm whose staff have decades of experience. The photo is of George Constant, who will be the firm's main contact with the ABA
We honoured Isam al-Sager, Group CEO of National Bank of Kuwait, with our Award for Distinguished Service to Arab Banking, at our Gala Dinner in London on 23 October.
The KFH/Ahli United merger is moving forward; Fitch downgraded Saudi Arabia; Lebanese central bank Governor Riad Salame sought to reassure depositors that they would be able to withdraw dollars from banks, and the UAE dropped its ban on citizens travelling to Lebanon.