SICO appoints head of distribution and business development

The appointment forms part of SICO's ongoing efforts to enhance its management team

Mohamed Alabbas

Mohamed Alabbas

SICO BSC (c)a , leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB), announced today the appointment of Mohammed Abdulaziz Alabbas as its new Head of Distribution and Business Development. The appointment forms part of SICO’s ongoing efforts to enhance its management team by attracting high-quality talent in the finance industry and support their growth and career development within the bank.

“We constantly strive to bring on and retain the best calibers to allow us to better serve our clients and shareholders while contributing to our growth,” said Najla Al-Shirawi, CEO of SICO Bank.  “At SICO, we strongly believe in career development and preparing our employees to advance and achieve leadership positions. Mohamed has been part of SICO’s team for many years, and we are confident that his skills and expertise will allow him to add tremendous value to the firm as well as Bahrain’s financial market.”

Alabbas has more than 16 years of experience in the banking sector across the region. He first joined SICO in 2015, holding the position of Assistant Vice President before being appointed as Head of Distribution and Business Development. Prior to joining SICO, Alabbas served as Head of Distribution and Client Relationship Management at Tamkeen. He also held multiple roles at several established institutions, including Director of Business Development at Clearview M&A Advisors, Private Banker (Head of Qatar Market) at Oasis Capital Bank, and Financial Mall Branch Manager at BBK, among others. Alabbas holds a BA in Business Economics and a minor in Human Relations from St. Cloud State University, Minnesota. He also holds the International Wealth Manager certification from the Chartered Institute for Securities & Investment, as well as the CFA Level II qualification.

Commenting on his appointment as Head of Distribution and Business Development, Alabbas said, “I am honored to join the management team at SICO. My years with the team have contributed to my career development by amplifying my capabilities and knowledge of the financial services in the region. I look forward to leveraging my years of experience to contribute to SICO’s expansion strategy, financial growth and continue to offer our clients unmatched financial services across the region by focusing on rolling out innovative products, leveraging the advancement of fintech and young investors’ ever-expanding appetite for advanced financial services while providing optimal return on investment and protecting their wealth and assets which allows SICO to add significant value for our clients.”

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About SICO

SICO is a leading regional asset manager, broker, market maker and investment bank, with USD 3.9 bn in assets under management (AUM). Today SICO operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees three wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Financial Brokerage, a specialised regional custody house, SICO Fund Services Company (SFS), and a Saudi-based investment banking company, SICO Capital. Headquartered in the Kingdom of Bahrain with a growing regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, investment banking, and market making, backed by a robust and experienced research team that provides regional insight and analysis of more than 90 percent of the region’s major equities. Since inception in 1995, SICO has consistently outperformed the market and developed a solid base of institutional clients. Going forward, the bank’s continued growth will be guided by its commitments to strong corporate governance and developing trusting relationships with its clients. The bank will also continue to invest in its information technology capabilities and the human capital of its 100 exceptional employees.

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