Mar 18 2012
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Dr Jaroudi named chief executive of Bank Nizwa
Ahmed Saif al Rawahi, chairman of the Bank Nizwa Founding Committee, said, "Until we had formal approval from the CBO, we couldn't go public with details of our chosen CEO. But now we can and it gives me great pleasure to announce the appointment of Dr Jamil el Jaroudi as Bank Nizwa 's first CEO. Jamil brings many years of commercial experience, but even more importantly, has strong credentials in both Islamic banking and banking start-ups."
Dr Jaroudi has over 40 years of business experience, and joins Bank Nizwa from Elaf Bank in Bahrain, where he was CEO. Dr Jaroudi started his career as a consultant with Booz Allen & Hamilton, in the UAE and Saudi Arabia, after which he held various senior executive roles with Al Mawarid Group, Saudi Arabia. In the mid-1990s, he co-established the Middle East Capital Group in Lebanon, the region's first merchant bank with a pan-Arab focus.
Dr Jaroudi holds an MBA from Columbia University, and a PhD in finance from Kellogg School, Northwestern University, US.
Dr Jaroudi said, "I'm very excited to be a part of the team establishing Oman's first Islamic bank, Bank Nizwa . It has been my privilege to build a number of Islamic banks already in my life, and the opportunity to do this again is a great privilege.
"The Founding Committee and other team members and partners have done a great job and I look forward to leading the business into full operational launch and beyond. Our aspiration is to make Bank Nizwa not only Oman's first Islamic bank, but to also be the bank with the greatest service and customer experience, and a bank that is a part of the communities that we serve."
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