Kuwait: Burgan Bank announced the appointment of Mr. Tony Daher as its new Group Chief Executive Officer (GCEO) after obtaining the approval of the Central Bank of Kuwait. Mr. Daher will assume responsibilities and commence his duties on April 16, 2023. He succeeds Mr. Masoud M. J. Hayat, who had served as the GCEO since April 2019 and Vice Chairman since 2013.

Commenting on the new appointment, Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah, Chairman of Burgan Bank, said: “We are pleased to appoint Tony Daher as the new GCEO of Burgan Bank. His expansive banking and financial experience, not to mention his excellent track record of values-driven leadership, will bring renewed energy to the Bank to continue implementing its strategic priorities and fulfilling its corporate responsibilities. Today, I am more confident than ever in Burgan’s unique position to deliver unparalleled value to its customers and long-term growth to all its stakeholders. On behalf of the Board of Directors and all Burgan staff, I would like to extend a warm welcome to Mr. Daher, and we look forward to working with him on continuing Burgan’s success.”

Mr. Daher brings over 25 years of experience and strong industry knowledge to drive further Burgan Bank’s mission to be the community’s go-to financial partner. Prior to joining the Bank, Mr. Daher served as Deputy CEO of Gulf Bank from 2013 until 2016 and as CEO from 2016 until 2023.

In some of his noteworthy previous roles, he served as General Manager for Domestic Corporate Banking at National Bank of Kuwait from 2011 to 2013 and Head of the Domestic Multinational unit from 2007 to 2011. Earlier in his career, Mr. Daher also worked at National City Bank in the United States, where he held several positions in Project Finance, Structured Finance, Corporate Banking, and Capital Markets.

Mr. Daher holds a BSc in Civil Engineering from Cleveland State University and an MBA from Case Western Reserve University in Ohio. He has also attended Executive Education courses given by the Harvard Business School.

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About Burgan Bank

Established in 1977, Burgan Bank is currently the third largest bank by assets in Kuwait. From its earliest days, the Bank has significantly focused on the corporate and financial institution sectors, in addition to diversifying its offering to cater to its growing retail and private banking customer base.

Burgan Bank has majority-owned subsidiaries, collectively known as the “Burgan Bank Group”,  in the MENAT region. This Group is supported by one of the largest branch networks across the region and includes: Gulf Bank Algeria – AGB (Algeria), Tunis International Bank – TIB (Tunisia), and the fully owned Burgan Bank Turkey. Furthermore, Burgan Bank has a presence in the UAE through its corporate office, Burgan Financial Services Limited.

The Bank has continuously improved its performance over the years, through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Moreover, Burgan Bank’s brand has been built on a foundation of real values – trust, commitment, excellence and progression – which serve as a reminder of the high standards to which the Bank always aspires. In fact, the Bank’s core philosophy of ‘Driven by You’ is the foundation on which its products and services are continuously developed.

The Bank obtained the ISO/IEC 27001: 2013 Information Security Management Systems certificate (ISMS) and was re-certified with the prestigious ISO 9001:2015, making it the one of the few banks in the GCC and Kuwait to receive such a certification for five consecutive times. The Bank also has the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twenty consecutives years. Moreover, in a testament to its dedication to the development of its human capital, Burgan Bank is the first bank in Kuwait to be certified as a Great Place to Work®, earning the distinct honor in 2023.