NH-2016-q2
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APPOINTMENTS<br />
NEWHORIZON Shawaal 1437 to Rabi al awwal 1438<br />
APPOINTMENTS<br />
On the Move<br />
Herbert Smith<br />
Freehills has<br />
appointed<br />
Nasser Al-<br />
Hamdan as<br />
its new global<br />
head of Islamic<br />
finance. The<br />
appointment<br />
became<br />
effective on 1<br />
February 2017.<br />
Nasser’s new<br />
Nasser Al-Hamdan<br />
responsibilities will be in addition to his ongoing role<br />
of developing and running the firm’s Saudi practice<br />
as managing partner in Riyadh. Regarded as a highly<br />
respected corporate lawyer, Nasser advises on both<br />
corporate and capital market transactions in Saudi Arabia,<br />
specialising in capital markets, mergers and acquisitions,<br />
private equity and investment funds, as well as foreign<br />
direct investment into the Kingdom of Saudi Arabia. The<br />
appointment reaffirms Herbert Smith Freehills’ plans to<br />
expand its Global Islamic Finance practice and follows<br />
the recent announcement that the firm will open in Kuala<br />
Lumpur in May 2017.<br />
Bahrain’s BBK recently announced new appointments in<br />
its Executive Management as part of its new organization<br />
structure. Amongst those, the Bank welcomed on board<br />
Dr. Adel Salem, as Assistant General Manager – Retail<br />
Banking Division, succeeding Mr. Mohammed Malik,<br />
who has been appointed as Deputy Chief Executive and<br />
Head of Banking Group. Dr. Adel Salem has extensive<br />
experience spanning more than 30 years in the banking<br />
and telecoms industry.<br />
Abu Dhabi Financial Group (ADFG) and GFH<br />
Financial Group (GFH) have appointed Mr. Talal<br />
Al Zain as the Chief Executive Officer of the newly<br />
established ADCorp, the first Islamic financial institution<br />
at the Abu Dhabi Global Market (ADGM). Talal Al<br />
Zain was previously the CEO of PineBridge Investments<br />
Middle East. Prior to joining PineBridge, Mr. Al Zain<br />
was the CEO of Bahrain Mumtalakat Holding Company,<br />
the sovereign wealth fund and investment arm for the<br />
Kingdom of Bahrain. Previously he spent 18 years<br />
with Investcorp as Managing Director and Co-Head of<br />
Placement and Relationship Management. He also held<br />
senior roles at the Chase Manhattan Bank, Geneva in<br />
Private Banking and Investment Banking and Citibank<br />
Corporate Banking Division in Bahrain.<br />
Al Rayan Bank (UK) has announced that Venkat<br />
Chandrasekar has joined the Bank as its new Chief<br />
Operations Officer (COO) to oversee the Bank’s<br />
frontline functions. An operations and technology<br />
leader with 17 years’ managerial experience in retail<br />
banking; he joins the Bank from Citibank where he held<br />
a number of senior positions over his 13-year tenure,<br />
most recently leading the European Operations for<br />
International Personal Banking and Wealth Management<br />
Business in London. Mr Chandrasekar has a clear set<br />
of priorities as he takes up his role at Al Rayan Bank,<br />
and will immediately focus on control and governance;<br />
operational excellence; speed to market for new products<br />
and services; and continuing to train and develop<br />
employees.<br />
Venkat Chandrasekar<br />
HSBC Amanah Malaysia has appointed Arsalaan Ahmed<br />
as chief executive officer (CEO) to lead the Islamic<br />
banking businesses. He will report to HSBC Bank<br />
Malaysia Bhd’s CEO Mukhtar Hussain. Before joining<br />
HSBC Amanah, Ahmed was head of capital financing<br />
and financial institutions for Barwa Bank in Doha, Qatar,<br />
where he led the development of Islamic debt capital<br />
market and wholesale banking platform.<br />
44 IIBI<br />
www.islamic-banking.com