23 April 2017
Manama, Bahrain - Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the appointment of Ayman Sejiny as Chief Executive Officer (CEO) of the bank following Board of Directors approval.
Sejiny brings over 24 years of Investment and Corporate Banking experience, having held senior roles in a number of leading local, regional and international financial institutions such as Barclays, CITI Bank and ABN Amro. Previous to his appointment with Ibdar, Sejiny was the Group CEO of Bahrain based Bank Alkhair, which has a presence in Saudi Arabia, United Arab Emirates, Turkey and Malaysia. Prior to this he was Board Member and Chief Executive Officer of Barclays Capital Saudi Arabia where he managed Barclay’s three business sectors consisting of Barclays Capital, Barclays Wealth, and Barclays Sales and Treasury. He is also the Chairman of Bahrain Financing Company Group (BFC), holds positions on various boards regionally and internationally, and has spoken at numerous banking and finance conferences in Bahrain, KSA, UAE, UK and the USA.
Commenting on the appointment, Chairman of Ibdar Bank, Mr. Tareq Sadeq said: “I am pleased to welcome Ayman Sejiny as Chief Executive Officer of Ibdar Bank. Ibdar is building a fresh thinking, world class management team, and the appointment of Sejiny to the helm of the Bank is aligned with that vision. Ayman has demonstrated strong business and financial talent and a proven track record of investment and management experience that will further strengthen our capabilities and support strategic success.”
Mr. Sejiny said: “It is an honour to join the Ibdar team. Ibdar is built on strong foundations, a unique approach and high standards of excellence, and I look forward to strengthening the Bank’s footprint in the Islamic banking and investment domain. My focus will be to further hone the investment strategy, and spearhead efforts to develop the Debt Capital Market (DCM), Equity Capital Market (ECM), Private Equity, Asset Management and Treasury and Capital Market business lines. Building on Ibdar’s track record and execution platform, we are well placed to deliver the right opportunities to our investors, and ensure the Bank continues to build its reputation as one of the region’s most ethical, innovative and results-driven Islamic institutions.”
Mr. Sadeq added: “It is an exciting time for Ibdar Bank. Under the Acting CEO, Ahmed AlRayes, the Bank’s investment engine gathered momentum with enhanced activities in 2016. We are now well positioned to do more deals as we have sufficient liquidity and a strong balance sheet, having addressed legacy issues, and have a clear strategy to move forward.”
About Ibdar Bank
Ibdar Bank is an ethics driven wholesale Islamic Investment bank regulated by the Central Bank of Bahrain and engaged in Debt Capital Market (DCM), Equity Capital Market (ECM), Private Equity, Asset Management, Real Estate, Treasury and Capital Market, and investment advisory activities.
The Bank, which was formed in 2013 when three Bahrain-based Islamic banks, Elaf Bank, Capivest and Capital Management House merged to become the 3rd largest Islamic Investment Bank in Bahrain, is strengthened by a diversified regional shareholder base including such names as Kuwait Finance House, Kuwait Investment Company, Qatar Islamic Bank, Bahrain Islamic Bank, and the Islamic Corporation for the Development of the Private Sector
Since inception, the Bank has built a track record in the Aviation, Real Estate, Sukook and Asset Management sectors, and remains focused on providing superior Islamic Investment Banking services whilst operating to the highest standards of ethical and sharia banking practices. The Bank is a keen supported of the elevation of the Islamic Banking and Finance Industry as a whole, and the reinvigoration of the Kingdom of Bahrain as the global Islamic Banking hub.
© Press Release 2017