TAIB Bank announced that its management team, appointed in December 2010 to begin a significant restructuring of the bank, has been officially approved by the Central Bank of Bahrain.

Sohail Sultan, TAIB’s new chief executive officer, has over 20 years of banking and finance experience and has held senior executive positions within both Citibank and Barclays Capital during his career.  He has been involved in building asset and non asset based finance businesses as well as structured capital markets capability across North America, Asia, the Far East and Europe, encompassing all aspects of structured finance, credit and risk management.

S. K. Husain has been appointed as chief operating officer and has over 30 years of diverse financial services experience having worked in private and publicly listed businesses at Board level across Europe, South Asia and the Middle East with a core expertise in the creation, acquisition and disposal of businesses. Until recently he was the chief financial officer of Dubai Group, a diversified investment company.

To complete TAIB’s new management team, Shehryar Hamid has been appointed as treasurer. Shehryar is an experienced capital markets and treasury banker, having had exposure to a wide variety of asset classes with a first hand experience of asset/ liability management. He comes from Dubai Group where he was head of Treasury and Capital Markets, Prior to that he worked as the director of Fixed Income & Derivatives at Mashreq Bank and before that at BNP and SAMBA.-TradeArabia News Service