BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer.

Habib, an Omani national, brings with him a wealth of banking and financial services experience.

A business graduate from the US, Habib’s last assignment was as group chief executive officer of Oman National Investment Corporation (ONIC) Holding where he is credited with the highly successful restructuring and repositioning of the group.

Habib has previously served the Central Bank of Oman, the Civil Services Pension Fund and Oman International Bank. 

Habib replaces Albert Kittaneh as CEO.

BMB chairman Wilson Benjamin said: “Given current highly challenging economic conditions as well the bank’s ambitious plans for its business, we are extremely pleased to have secured an individual of Mr. Habib’s caliber for this key management position at BMB.  We are confident that with his leadership and the efforts of our dedicated staff the Bank will continue to develop and grow.” – TradeArabia News Service