Bank Alkhair, a Bahrain-based Islamic bank, has appointed Khalil Nooruddin, a seasoned banker with over 35 years of experience, as its new managing director and chief executive officer.

Nooruddin will be responsible for overseeing the day to day operations of the Bank as well as its subsidiaries and for developing and executing the Group’s turnaround strategy, said the bank in a statement.

Prior to this, Nooruddin had served numerous international and regional institutions in an executive, board and advisory capacity, including Chase Manhattan Bank, Union Bank of Switzerland, Investcorp, Gulf International Bank, Ithmaar Bank and Alpine Wealth Management.

Nooruddin is the founder of Capital Knowledge, a financial consulting and training institute, where he continues to serve as a visiting instructor. He previously headed the Bahrain Institute of Banking and Finance for two and a half years.

Nooruddin is a Chartered Financial Analyst, and holds a Master of Science degree from New York University (NYU), US and a Bachelor of Science degree from the University of Petroleum and Minerals (UPM), Saudi Arabia.

Commenting on the move, chairman Yousef Al-Shelash said, “The appointment of Nooruddin, who brings to the Bank in depth investment banking experience, as MD & CEO is an important step to ensure Bank Alkhair’s continued growth and development, and we are pleased to welcome him to the Bank."

Nooruddin said he was delighted to take on this role and looked forward to working with the Bank Alkhair team to enhance its business across core markets and to build exceptional value for all its stakeholders.

Founded in 2004, Bank Alkhair has an international presence in Saudi Arabia, Malaysia and Turkey.-TradeArabia News Service