Bank ABC Islamic, a subsidiary of Bahrain-based Bank ABC Group, has announced the appointment of Hammad Hassan as its managing director (MD) following the retirement of Naveed Khan.

The board of directors of ABC Islamic is infinitely thankful to Khan for his leadership, vision, loyalty and the guidance provided to ABC Islamic for more than a decade, said a statement.

He has steered ABC Islamic into one of the leading Islamic banking wholesale providers in the region, it said.

Hassan is taking over from Khan after a smooth hand over. He has more than 22 years of banking experience in corporate and consumer banking, global transaction services and Islamic finance. Hassan has been with Bank ABC Islamic since 2005, where he has been head of coverage for more than 12 years. Prior to joining Bank ABC, he worked for 11 years with a global leading bank in Saudi Arabia. In his new role, he will also be the global head of Islamic Banking at the ABC Group.

Iftikhar Ali, head of structuring and capital markets, has been promoted to deputy managing director of Bank ABC Islamic. Having contributed significantly to capital markets business development at the bank, Ali will now have full coverage responsibility at Bank ABC Islamic for corporates and financial institutions. He is an experienced banker with over twenty years of investment and Islamic banking experience. He has been with Bank ABC since 2013.

Chairman of Bank ABC Islamic and group CEO of the Bank ABC Group, Dr Khaled Kawan, said: “We are delighted with the appointment of Mr Hassan and Mr Ali, as a continuation of Bank ABC Islamic’s reliance on our very experienced and talented management team to build upon the success achieved under the strong leadership of Naveed. I am confident that Hammad and Iftikhar are the right persons to lead our Islamic banking franchise in this challenging market and they have my full support.”  - TradeArabia News Service