Bank Sohar, a leading bank in Oman, has appointed Aziz Al Jahdhami as its new assistant general manager and head of wealth management.

In his new role, Al Jahdhami will be responsible for spearheading the bank’s wealth management with a range of developments expected in 2019, including new products, investment platforms and services in-line with the bank’s continuous drive to excellence, said a statement from the bank.

He formerly spearheaded the growth of wealth management, private banking and investment management portfolios at a number of local banks, building upon a commended professional career in a world-class investment fund catering to institutional and private clients across the Middle East and North Africa (Mena) region.

He holds two qualifications in executive management from the University of Cambridge and London Business School, as well as undergraduate and postgraduate degrees from the University of London in the UK.

Welcoming the appointment, CEO Ahmed Al Musalmi said: "We aspire to deliver higher levels of banking excellence to the HNI segment and in our preparations, Al Jahdhami's capabilities will be central to the implementation of strategic developments that will inspire new avenues for sustainable growth and market penetration."

“We are on the verge of developments that will observe significant changes going far beyond our recent success in transforming service delivery. With aspirations to becoming the most customer oriented bank benchmarking itself against international standards, it is imperative to have this calibre of professional on-board,” he added.

According to him, the appointment falls in line with the bank’s robust human resource strategy and Oman’s national agenda for the employment of local talent. The bank presently reports an Omanisation rate of 93 per cent.

Khalil Al Hedaifi, chief retail banking officer, said: "Bank Sohar's wealth and investment portfolio has seen a boost following the recent re-launch of ‘Al Khaas’, a market leading proposition with many new aspects coming into the fold over the coming months."

“As we step into 2019, Al Jahdhami will spearhead a range of developments, featuring responsibility over new products, investment tie-ups and services as the bank works to advance its wealth management platforms and investment tools,” he added.-TradeArabia News Service