London: Specialist trade bank for African markets, British Arab Commercial Bank (BACB), continues to demonstrate its commitment to nurturing good governance, as well as honing its expertise in Africa, with three key Board appointments: Head of the Investment Portfolio Department at Libyan Foreign Bank (LFB), Faesal Othman; LFB Legal & Compliance Expert, Aiman Laswad and former Chief Executive Officer of Bank ABC, Paul Jennings.
BACB welcomes back Faesal Kh. Ali Khalil Othman, Head of the Investment Portfolio Department at LFB – BACB’s primary shareholder – as a Non-Executive Director. Othman, who over his 24-year career has held several senior roles, including Head of Treasury and Capital Market Department at ARESBANK in Madrid, previously served on BACB’s Board of Directors from 2017 to 2019.
Aiman Hussein Laswad joins as a Non-Executive Director and adds another dimension to BACB’s Board. A private lawyer and member of the Bar Association in Tripoli, Laswad has deep expertise in banking compliance, having held senior positions in LFB’s legal department and compliance unit, as well as being the FATCA responsible officer at the Bank since 2019.
Paul Jennings joins BACB as an Independent Non-Executive Director, complementing the Bank’s expertise with over 40 years’ wholesale banking experience in the City of London. He has spent the past 20 years at ABC International Bank plc in a variety of roles and prior to his appointment as Managing Director & CEO in 2015 he was Group Head, Global Trade Finance for ABC Group. Previous experience also includes positions covering trade, commodity and structured export finance at London Forfaiting Company, Singer & Friedlander, Mitsubishi Bank and Lloyds Bank. Jennings is a Board member of the Libyan British Business Council (LBBC) and the Arab Bankers Association, providing him with a unique understanding of BACB’s core markets and business.
“Strong governance is key to supporting BACB’s strategy of sustainable profitable growth”, said Michael Stevenson, BACB’s Chairman, with regard to these appointments. “The Board is committed to maintaining industry leading expertise to ensure that we work optimally with the Executive towards achieving BACB’s strategic objectives. Faesal, Aiman and Paul embody this and we look forward to their insights and fresh perspectives.”
Based in London and regulated in the UK, BACB prides itself on a proven track record of excellence. The Bank’s strong relationship-banking approach and deep product and region expertise make it the partner of choice in financing trade flows to and from Africa and the Middle East.
BACB is an international wholesale bank with over 40 years’ experience providing international trade solutions to clients who want to trade in and out of developing markets. Based in London, BACB leverages its position in the world’s leading financial market to forge close links with the global banking community.
© Press Release 2021