Ithmaar Bank, a Bahrain-based licensed Islamic retail lender, has announced three key appointments in its management structure.
 
As part of the revamp, Abdul Hakeem Al-Mutawa is the new general manager and head of retail and private banking, while Abdul Rahman Al-Shaikh has been named the general manager, Head of Banking Operations, Information Technology and Administration, and Taimour Raouf as the new senior manager, Head of Marketing and Corporate Communications.

Announcing this on Saturday, CEO Ahmed Abdul Rahim said, “The appointments are well earned promotions for three of Ithmaar’s key executives and underscores the bank’s focus on further developing its core retail and commercial banking business.”

“On behalf of the Ithmaar Bank Executive Management team, I congratulate Abdul Hakeem, Abdul Rahman and Taimour on their appointments and wish them continued success. I am confident that they will make major contributions towards further developing the Bank,” he said.

He said Ithmaar was committed to realising its board-approved vision of becoming the region’s premier Islamic retail bank.

“To do so, we invest heavily in continuously developing our products and services but we recognise that our people are our greatest asset and that, ultimately, they drive the Bank’s continued success. These key promotions reward excellence and reinforce the Bank’s long-standing commitment to performance-based recognition,” he stated.

Al-Mutawa, prior to his latest appointment, was the assistant GM, Head of Private Banking at the bank.  He joined Ithmaar in January 2003 and has more than 31 years of experience while Al-Shaikh, who was assistant GM, Head of Banking Operations, joined the bank in August 1991 and has more than 40 years of experience.

Raouf, who was senior manager Corporate Communications and Public Relations, joined the Bahraini bank in August 2008 and has more than 16 years of experience.-TradeArabia News Service