August 3rd, 2011, Manama, Bahrain: Bahraini retail and commercial banking institution, BMI Bank today announced the appointment of Bahraini Sumaya Redha to the post of Head of Compliance. Sumaya who joins BMI Bank from her previous position as Head of Compliance at Seera Investment Bank, will be responsible to review, plan and direct the Bank's compliance and regulatory requirements in line with its commitment to ensure adherence to high levels of controls and transparency.
Announcing the appointment Jamal Al-Hazeem, Chief Executive Officer of BMI Bank said:
"As a responsible Bahraini Bank, both the Board and the Management are committed to ensure high standards of honesty and integrity are inculcated within our corporate culture as we continue to grow our business and brand in line with our strategy. The importance to comply and operate within regulatory requirements at BMI Bank is second to none and with over 10 years of experience in managing and monitoring Compliance, Sumaya brings the right levels of professionalism and experience to the Bank that we have been looking for. I am pleased to welcome Sumaya to our family and look forward to her contribution towards building a stronger compliance culture within the Bank."
Prior to her role at Seera Investment Bank, Sumaya was a Manager - Assistant Compliance Officer and Deputy Money Laundering Reporting Officer (MLRO) at BBK. Sumaya started her career with PriceWaterhouseCoopers before joining BNP Paribas Bahrain where she advanced to become the Bahrain Group MLRO. Sumaya, who was the first certified Bahraini Anti Money Laundering (AML) specialist (CAMS) is also a Financial Risk manager (FRM).
-Ends-About BMI Bank B.S.C. (c)
Bahraini retail and commercial banking institution, BMI Bank is a retail bank, registered in Bahrain and regulated by the Central Bank of Bahrain offering a full range of retail and commercial banking services. BMI Bank operates in Bahrain through a network of 8 branches and 29 ATMs with net banking for easy access to services. The online platforms offered by BMI bank were awarded the prestigious Bahrain e-Content Award 2009 in the e-Banking category, recognizing ease of use of its comprehensive e-banking services in a safe and secure environment in which to conduct personal and business transactions.
BMI Bank also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI Bank owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain. BMI Bank's shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat.
BMI Bank currently offers its customers a range of retail products and services including savings and current accounts, Ayadi savings account, Sapphire, its Premier Banking service, credit cards including Diners Club and La Carte, a co-branded credit card in partnership with Geant Hypermarket Bahrain, consumer and vehicle loans, mortgages and fixed deposits. In addition to Retail Banking, BMI Bank offers full SME Banking, Premier Banking, Private Banking, Corporate Banking, Islamic Financial Services, and Treasury services
For further information, please contact:
Gordon Andrad
Head, Corporate Communications, BMI Bank - Bahrain
E-mail: gordon.andrade@bmibank.com
Cell: +97339782225
© Press Release 2011
