Jan 07 2012 |
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ABC International Bank London appoints New Top Management Team
Manama, Bahrain: Arab Banking Corporation (" ABC ") is pleased to announce changes to the top management team at its key European subsidiary, ABC International Bank plc (" ABCIB ") London.With effect from 4th January 2012, with the announced retirement of Mr. Nofal Barbar, Mr. William (Bill) Playle was appointed as Chief Executive Officer of ABC International Bank . Bill has worked at ABCIB since May 2002 and was formerly Deputy CEO of the bank, having previously served also as the bank's Head of Risk Management. Prior to joining ABC , Bill held senior positions in business, risk and general management functions, primarily within the Barclays Group.
On the same date, Mr. Paul Jennings and Mr. Alexander Ashton were appointed joint Deputy Chief Executive Officers of ABCIB . Alexander has been the General Manager of the bank's Paris branch since joining ABCIB in 2003 and was in senior management roles, both overseas and in UK, in Lloyds Banking Group before joining the bank. The European branch General Managers will report to Alexander, as well as many of the support functions including Finance, Compliance, Legal and Operations. Alexander will also act as the CEO as and when required due to any absence of the CEO.
Chairman of ABCIB , Mr. Hassan Juma, commented:
New CEO of ABCIB , Mr. Bill Playle said:
"I am delighted to take over leadership of ABCIB at this important stage in the bank's development. The new management team is very strong and has complementary skills that will ensure continued success for the bank. I am looking forward to working with ABC Group senior management and ABCIB Board to develop the business model of the European unit further."
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About Arab Banking Corporation ( ABC ):
Arab Banking Corporation ( ABC ) is an international universal bank headquartered in Manama, Kingdom of Bahrain with a network spread across 21 countries in the MENA, Europe, the Americas and Asia. ABC , founded in 1980, is listed on the Bahrain Bourse and its major shareholders are the Central Bank of Libya and Kuwait Investment Authority.
ABC has a consolidated asset base as of September 30th 2011 of US$ 25.7 billion with a shareholder's equity of US$3.6 billion. ABC offers a wide range of banking products including Trade Finance, Project and Structured Finance, Syndications, Corporate and Institutional banking, Treasury services, Islamic banking and Retail banking in the MENA region.
www.arabbanking.com
About ABCIB :
ABC International Bank plc (" ABCIB ") is a wholly-owned subsidiary of Arab Banking Corporation (BSC)
Bahrain (" ABC "). The Group's international depth and strategic relationships within the region allows
it to maintain its position as one of the leading banking groups in the Middle East and Europe.
The Group has sought to build its practice beyond the traditional roles of regional banks and move into advanced high value added activities, establishing itself as a regional leader with considerable international experience. ABCIB , headquartered in London, has branches in Paris, Frankfurt and Milan, marketing offices in Rossendale (in the North of England) and Stockholm, and representative offices in Istanbul, and Moscow.
© Press Release 2012
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