United Gulf Bank has appointed Hussain Lalani as its acting chief executive officer.

 

Lalani, who is currently the chief financial officer, has been with the bank since 2002, said a statement.

 

He has worked extensively in providing strategic support to the board of directors and to other subsidiaries of UGB.

 

In 2012, he was given further responsibilities of being the head of information technology, administration and human resources department.

 

Masaud Hayat, UGB chairman and chief executive officer of the Kipco Banking group, said: "On behalf of the board of directors, I would like to thank Rabih Soukarieh, the departing CEO, for leading UGB over the last three years and playing a vital role in the bank's reorganisation which resulted in substantial growth, improved liquidity and revenue profile.

 

"Soukarieh will continue with the Kipco Banking Group in another leadership position and we will benefit from his extensive experience and expertise. I am so pleased to announce the appointement of Lalani as the acting chief executive officer. His in-depth knowledge of the bank and its subsidiaries, professional judgement and analytical abilities put him in an ideal position to lead UGB to achieve the shared vision of the shareholders for the bank." - TradeArabia News Service