The British Arab Commercial Bank (BACB) has appointed Dr Yousef Abdullah Al Awadi as its new Chairman following Michael Stevenson stepping down from the role after four years.

 

Dr Al Awadi is currently Chairman of Bank ABC Egypt and an Independent Director of Fidelity Funds, Luxembourg.

 

Previously he was an Independent Director at Bank ABC Group, Bahrain and ABC International Bank, London.  

Dr Al Awadi formerly served as a member of the International Advisory Board of Goldman Sachs and the Higher Planning Council in Kuwait and has been an active figure in numerous governmental bodies, private sector companies and professional associations around the world.

 

Dr Al Awadi was inaugurated on May 20 by current board members at BACB’s London offices, alongside outgoing Chairman Stevenson and Chairman of the Libyan Foreign Bank (LFB), Mohammed Addarrat. -TradeArabia News Service