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Posts Tagged ‘New Appointment

UBS appoints Dr. Armen V. Papazian as Head of Islamic Finance

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Points of Essence:

  • UBS announced new head for its Islamic banking unit to confirm the firm commitment as the leading Islamic financial services provider. Dr. Armen V. Papazian was previously with Dubai based DIFX. Ame Info has the report.

UBS today announces that it has appointed Dr. Armen V. Papazian as Head of Islamic Finance based in the firm’s DIFC branch in the UAE.

Dr. Armen V. Papazian.

Dr. Armen V. Papazian.

This latest hire further reflects UBS’s long-term commitment to Islamic Finance and reiterates the bank’s ambitions to become one of the region’s leading financial services providers.

During his most recent position at the DIFX (Nasdaq Dubai), Dr. Papazian led the market development efforts of the exchange, as Senior Vice President for Innovation and Development, where he successfully launched the region’s first structured products platform with both Islamic and conventional product offerings.

Furthermore, he has overseen the listings of Sukuk and the continuous growth of Islamic initiatives at the exchange. He has made innovative contributions to the Islamic Finance field, and has a deep knowledge of regional markets and economies. Dr. Papazian earned his Ph.D. at the University of Cambridge, UK, specializing in Financial Economics.

Source: http://www.ameinfo.com

Written by Suapi Shaffaii

March 23, 2009 at 8:32 pm

Gatehouse Bank appoints head of Shari’ah advisory and compliance

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Points of Essence:

  • UK based Gatehouse Bank recently announced the appointment of Mufti Muhammad Nurullah Shikder as its head of the Bank’s Shariah advisory and Shariah compliance. Shikder will oversee the day to day transactions of the Bank to ensure compliance with the Shariah as well as provide training in the related areas. He was previously with Dubai Islamic Bank and currently sits on on the Shariah Board of other financial institutions.

By: Staff Writer

Gatehouse, Dubai Islamic Bank, Shari'ah board, advisor, appointments,

Mufti Muhammad Nurullah Shikder previously spent three and half years with Dubai Islamic Bank in the Shari'ah Coordination Department and worked closely with Dr. Hussain Hamid Hassan, Chairman of the DIB Shari'ah Board.

Gatehouse Bank, a Shari’ah-compliant wholesale investment bank based in the UK, has appointed Mufti Muhammad Nurullah Shikder as head of Shari’ah advisory and Shari’ah compliance.

Gatehouse Bank said its Shari’ah Advisory and Shari’ah Compliance Department will be providing Shari’ah services in the following core areas:

Shari’ah Advisory:

• Assisting with the structuring of Shari’ah compliant products and offerings and issuing the relevant Fatwa;

• Reviewing transaction documentation in accordance with the principles of Shari’ah;

• Providing general Shari’ah consultancy/advice on an on-going basis.

Shari’ah Audit & Compliance:

• Providing Shari’ah audit services;

• Reviewing executed transaction documents to ensure continuous Shari’ah compliance;

• Preparation of Shari’ah auditor’s reports.

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Written by Suapi Shaffaii

October 29, 2008 at 8:30 pm

Citi appoints new Islamic banking head

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Points of Essence:

  • Citibank appoints Mudassir Amray to head its Islamic banking office in Asia Pacific. Effective November 1, Amray will take over from Rafe Hanif who left recently and will be responsible to develop consumer and corporate Islamic banking products.

By Edward Russell |  22 October 2008

Mudassir Amray takes over as Citi’s head of Islamic banking for Asia-Pacific.

Strengthening its position in Islamic banking, Citi has appointed Mudassir Amray as head of Islamic banking Asia-Pacific. Previously with Citi Pakistan, Amray will be based in Citi’s Singapore and Kuala Lumpur offices and will develop consumer and corporate Islamic banking products.
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Written by Suapi Shaffaii

October 23, 2008 at 11:54 pm

Shamil Bank appoints Assistant General Manager, Investment Banking

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Points of Essence:

  • Bahrain based Islamic bank, Shamil Bank welcomes Brooke Borden as its new  Assistant General Manager for banking investment. Borden is an experienced investment banker who previously led major public offerings and investment funds.

Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned

Brooke Borden.

Brooke Borden.

subsidiary of Ithmaar Bank, announced the appointment of Brooke Borden as Assistant General Manager, Investment Banking.

Borden, comes to Shamil Bank with more than 20 years of investment banking, private equity and mergers and acquisitions experience.

A seasoned investment banker, Borden has previously led initial public offerings (IPOs) on the NASDAQ (United States) and Tadawul (Saudi Arabia) exchanges.

With prior senior management experience at financial institutions in the Middle East and the United States, Borden has successfully managed and led major public offerings and investment funds.

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Written by Suapi Shaffaii

October 23, 2008 at 11:54 am

Redza to head Bank Muamalat

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Points of Essence:

  • The Malaysian second pioneer of Islamic bank, Bank Muamalat, will get its new CEO soon. The management change is in line with the move by DRB Hicom buying over the 70% stake from Bukhray Capital. The remaining 30% is held by Khazanah Nasional, the Government investment arm. Amid a gloomy global economic outlook and stiff competition from foreign banks at the local front, it will interesting to note how the new management will rise up to this challenge.


By HALIM WAHAB
BANK Muamalat Malaysia Bhd, the second full-fledged Islamic bank to be established in Malaysia and now part of the diversified DRB Hicom Bhd, is set to get its new CEO early next month. Banking sources said Mohd Redza Shah Abdul Wahid, currently the DRB Hicom group chief operating officer (COO), is expected to take up the position, pending approval from Bank Negara Malaysia.
Mohd Redza, 45, is expected to lead Bank Muamalat in its transformation plan following the conglomerate’s acquisition of a 70% stake in the bank last year. The bank is currently managed by Acting CEO Syed Abdul Aziz Jailani Syed Kechik.

The Malaysian Reserve had reported that the bank saw a change in its top management beginning April this year after its former chairman and CEO vacated their positions in line with the take-over. The two, formerly from Malayan Banking Bhd, came on board Bank Muamalat in 2005.

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Written by Suapi Shaffaii

October 20, 2008 at 7:09 pm

Abdulla Al Hamli appointed Chief Executive Officer of Dubai Islamic Bank

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Abdulla Al Hamli - CEO

Points of Essence:

  • Abdulla Al Hamli is appointed Dubai Islamic Bank’s new Chief Executive Officer. He previously served as Chief of Operations and Information Technology at DIB.
  • The new CEO is expected to make a significant contribution to consolidating DIB’s leadership position in the regional and international Islamic banking sector.

21 September 2008
• Appointment in line with DIB’s continued leadership of regional and international Islamic banking sector
• New CEO to focus on sustained organic growth and best practice corporate governance

Dubai – Dubai Islamic Bank (DIB) announced today the appointment of Abdulla Al Hamli as the bank’s new Chief Executive Officer. Al Hamli, who previously served as Chief of Operations and Information Technology at DIB has worked at the bank for nine years, following 16 years in progressively senior positions at leading public and private-sector organisations in Dubai, including more than a decade and a half as Director of Information Systems at the Dubai Ports Authority and Jebel Ali Free Zone. The holder of a BSc in Economics and Maths from Al Ain University who has completed various international professional development programmes, Al Hamli currently serves as a member of the Board of Directors of Deyaar Development.

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Written by Suapi Shaffaii

September 21, 2008 at 9:00 pm