Bahrain-based Bank Alkhair, an Islamic wholesale bank, has appointed  Ayman Sejiny as group chief executive officer.

He will be responsible for overseeing the day-to-day operations of the bank and for developing and executing the group’s strategy.

Bank Al Khair includes a number of subsidiaries, namely Alkhair Capital Saudi Arabia; Alkhair Capital Dubai Limited; Alkhair Capital Turkey; and Alkhair International Islamic Bank, Malaysia. His appointment has been approved by the Central Bank of Bahrain, the bank said.

Prior to his appointment as CEO of Bank Alkhair, Sejiny was the managing director and chief executive officer of Barclays Saudi Arabia. He was also one of Bank Alkhair’s founding members and previously held the position of board member and chief executive officer of Alkhair Capital Saudi Arabia (formerly Unicorn Capital Saudi Arabia) and board member of Unicorn Bahrain from July 2002 to September 2009. He has served in a number of leading regional and international organisations including Citi Bank and ABN AMRO affiliate in Saudi Arabia (Saudi American Bank and Saudi Hollandi Bank).

Yousef Al-Shelash, chairman of Bank Alkhair, said: “The appointment of Mr Sejiny is an important addition to the management team.  His in-depth knowledge and experience of investment and corporate banking in the local, regional and international markets, in addition to his strong personality, will enable the bank to realise its short-term and long-term objectives and help capitalise on growth opportunities that will lead the Bank through a new growth phase in the New Year and beyond.”  - TradeArabia News Service