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SHAMIL Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, has announced corporate restructuring in line with its long term strategic objectives.
Under the recent corporate restructure, Ahmed A Rahim was appointed deputy chief executive, Shamil Bank, and the heads of various departments were promoted to assistant general managers, reporting directly to the chief executive and deputy chief executive.
In addition to the chief executive and deputy chief executive, Shamil Bank's senior management team now includes: Abdul Hakim Al Mutawa, assistant general manager private banking; Dr Ashraf ElGhory, assistant general manager financial institutions and treasury; Tawfiq Mohammed Albastaki, assistant general manager risk management and compliance; Abdulrahman Mohammed Ahmed, assistant general manager banking operations; Yousif Abdulla Al Khan, assistant general manager information technology and Prakash Pathmanathan assistant general manager financial control.
"Shamil Bank's recent corporate restructuring reflects our efforts to consolidate the bank's leading position in the kingdom's Islamic banking industry," said Faisal Al Alwan, chief executive.
"The recent restructure will allow the bank to better meet its growing business needs, enable further strategic alliances and improve performance, accountability and efficiency."
