| 26 Jan 2012 |
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The Islamic Bank of Asia announces two strategic appointments - Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office
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Appointments underscore bank's commitment to strengthen its merchant banking business and promote greater capital flows between the Middle East and Asia
Mr. Toby O'Connor, CEO of IB Asia, said: "The addition of Harish and Saleh to our senior management reflects IB Asia's commitment to deliver a first class
Shariah compliant merchant banking platform servicing Asia and the Middle East. Harish brings a wealth of investment banking, private equity and relationships within Asia while Saleh has extensive business experience and connectivity in the Middle East. Strong client coverage across the Middle East and Asia with high quality transaction origination and execution are essential for us to fully capture our business opportunity."
Mr. Parameswar will oversee the expansion of IB Asia's investment banking business which includes private equity, advisory, private placement and capital markets activities, which is in line with the Bank's strategic priorities.
Mr. Parameswar holds a Post-Graduate Diploma in Business Management from IMT Ghaziabad, and a Bachelor of Commerce from Shri Ram College of Commerce, Delhi University.
As chief representative of Bahrain Representative Office, Mr. Al Nashwan will lead IB Asia's regional office and coverage of IB Asia's shareholder and client base across the Gulf Cooperation Council (GCC) countries. In line with the Bank's objective of bridging capital flows and business between Middle East and Asia, he will work in close cooperation with IB Asia's head office in Singapore to strengthen business activity with its Middle East client base.
Prior to joining IB Asia, Mr. Al Nashwan was most recently the Chairman of MECAP Consultancy, and founder and CEO of Maalem Holding, an investment holding company, from its inception in 2008 to May 2011. He is currently a non-executive director of Nass Corporation BSC, a Bahraini Public Joint Stock Company.
A Saudi national, Mr. Al Nashwan has over a decade of extensive experience in investment, placements and corporate banking with an in-depth knowledge of regional business and financial markets. He has served several senior management positions in leading banks and financial institutions in Saudi Arabia and Bahrain, including Addax Investment Bank, Gulf Finance House and Saudi American Bank (SAMBA). He has played key roles in several major real estate projects and investment deals in the region.
Mr. Al Nashwan holds a Bachelor of Science Degree in Industrial Management / Marketing from King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran, Saudi Arabia.
-Ends-
About The Islamic Bank of Asia
Incorporated in May 2007 with DBS Bank and prominent investors from the Gulf Cooperation Council (GCC) countries as shareholders, The Islamic Bank of Asia (IB Asia) combines banking expertise and insights of Asia with strong Islamic banking credentials to tap into opportunities within Asia and the Middle East. Headquartered in Singapore, IB Asia focuses on Shariah compliant capital markets, direct investment and corporate banking services To find out more about IB Asia, log on to www.islamicbankasia.com.
About DBS
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 200 branches across 15 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for three consecutive years, in 2009, 2010 and 2011.
DBS provides the full range of services in consumer, SME and corporate banking activities across Asia and the Middle East. As a bank born and bred in Asia, DBS also understands the intricacies of doing business in the region's most dynamic markets. This market insight and regional connectivity have helped to drive the bank's growth as it sets out to be the Asian bank of choice. The bank believes that building lasting relationships with its customers is an integral part of banking the Asian way.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 18,000 staff, representing over 30 nationalities. For more information, please visit www.dbs.com.
For more information, please contact:
Fen Peh
Group Strategic Marketing and Communications
DBS Bank
Email: fenpeh@dbs.com
Tel: (65) 6878 6519
Fax: (65) 6222 4478
Mobile: (65) 92780089
Tel: 65.6123.4567
Fax: 65.6123.4567
www.dbs.com
© Press Release 2012
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