Headquartered in Bahrain, the lender is almost fully owned by Saudi Arabia’s Public Investment Fund and has operations in the UK, US and the UAE/Bloombergby Kudakwashe Muzoriwa
Bahrain’s Gulf International Bank (GIB) has appointed Jamal Al Kishi as the Chief Executive Officer of and Deputy Group CEO.
Previously, Al Kishi occupied a number of roles in corporate finance, capital markets and structured and project finance with the Arab National Bank.
Dr. Abdullah bin Hassan Alabdulgader, the Group Chairman of GIB, said, “We’re pleased to welcome Jamal to GIB as we continue to focus on ensuring we have the right structure and talent in place across the Group to effectively execute our strategy for robust sustainable growth.”
Headquartered in Bahrain, GIB is almost fully owned by Saudi Arabia’s Public Investment Fund and has operations in the UK, US and the UAE.
Al Kishi is leaving Deutsche Bank as the lender puts on hold plans to cut almost 18,000 jobs over the next three years because of the coronavirus outbreak. The layoffs were part of a restructuring to restore the bank to profitability after half a decade of losses.
Bloomberg reported Deutsche Bank’s Middle East operations have recently suffered a number of several high-profile departures. The lender’s CEO for Saudi Arabia left last year to become the head of international investments at 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.