By Andy Sambidge
Jamal Al-Hazeem leaves BMI Bank as it finalises operational aspects of mergers with Al Salam Bank
BMI Bank, a subsidiary of Bahrain's Al Salam Bank (ASBB), on Sunday announced that Jamal Al-Hazeem, director and CEO of the bank had stepped down.
Al-Hazeem, a veteran Bahraini banker who took on the helm of BMI Bank in 2010 as CEO, cited personal reasons for his resignation and called the decision to step down as CEO of the Bank as "mutual and amicable".
He will continue to stay on as a director on the board at BMI Bank which is currently finalising the operational aspects of its merger with Al Salam Bank as it converts its business to a Sharia compliant one.
Confirming the announcement, the Bank said in a statement: "It is with regret that the board of directors of BMI Bank would like to confirm that Jamal Al-Hazeem has decided to step down from his position as CEO.
"Jamal, has over the past few years done a commendable job in consolidating the bank's market leading position within Bahrain through his successful and dynamic leadership and we wish him the very best in his future endeavors."