Monday, June 11, 2007

Bank Islam Appoints Dubai-based Banker As Director

KUALA LUMPUR, June 11 - Bank Islam Malaysia Bhd has appointed prominent Dubai-based banker Ahmad Saeed Bin Brek as an independent non-executive director from June 8.

Ahmad Saeed is a reputed turnaround specialist, as demonstrated when he turned around from a loss of one millionCitibank Arab Emirates dinar (AED) to a profit of 150 million AED in 1990, Bank Islam in a statement.

He is also credited with establishing a diversified commercial and retail segment for and transforming Citibank, United Arab Emirates (UAE), to a premier institution, the bank added.

Bank Islam said the appointment was in line with its strategy to bring in relevant expertise at the board and senior management level to help accelerate the bank's tranformation.

An accountant by training, Ahmad Saeed has over 25 years of experience in banking and financial services in the UAE and Gulf region.

He is currently chief executive officer (CEO) of MAF Ventures LLC.

Previously, he was CEO of Citibank NA, UAE and Oman, from 1990 to 2002 and seconded to Dubai Bank in 2002. Prior to joining Citibank, he was a senior auditor for Ernst & Young.

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