Bahrain’s Gulf International Bank appoints new CEO
Bahrain’s Gulf International Bank (GIB) has appointed Jamal Al Kishi as the group’s managing director and deputy managing director.
Previously, Al Kishi held a number of positions in corporate finance, capital markets, and structured and project finance with the Arab National Bank.
Dr Abdullah bin Hassan Alabdulgader, Chairman of GIB Group, said: “We are delighted to welcome Jamal to GIB as we continue to focus on building the right structure and talent across the group. to effectively execute our strategy for strong and sustainable growth.
Based in Bahrain, GIB is almost entirely owned by the Saudi Arabia Public Investment Fund and operates in the UK, US and UAE.
Al Kishi is leaving Deutsche Bank as the lender suspends plans to cut nearly 18,000 jobs over the next three years due to the coronavirus outbreak. The layoffs were part of a restructuring aimed at restoring the bank’s profitability after half a decade of losses.
Bloomberg reported that Deutsche Bank’s Middle East operations have recently suffered a number of high-profile departures. The lender’s CEO for Saudi Arabia left last year to become head of international investments for Prince Alwaleed bin Talal’s Kingdom Holding Company, while Faisal Rahman, co-head of corporate and investment banking for Central and Eastern Europe, Middle East and Africa, left after almost 18 years in 2018 to join SoftBank Group.