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Tue 28 Jan 2020 02:10 PM

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Bahrain Fintech Bay announces new CEO

Khalid Dannish to replace Khalid Saad who is leaving to pursue his own Fintech ventures

Bahrain Fintech Bay announces new CEO

Since its launch in February 2018, Bahrain Fintech Bay has brought together over 100 partners and is home to 42 Fintech residents and established a national Fintech talent program, as well as its first acceleration program.

Bahrain Fintech Bay (BFB) on Tuesday announced changes to its leadership team, with Khalid Dannish being promoted to the role of CEO, effective from February 1.

The appointment follows the departure of founding CEO Khalid Saad who will be leaving to pursue his own Fintech ventures that aim to further support the ecosystem, a statement said.

Since its launch in February 2018, Bahrain Fintech Bay has brought together over 100 partners and is home to 42 Fintech residents and established a national Fintech talent program, as well as its first acceleration program.

Dannish said: “I have had the privilege to be a part of Bahrain Fintech Bay from our launch, and I am delighted to be given the opportunity to lead the next phase of growth and strengthen our value proposition to our partners, fintechs and the region.

"Together with the Economic Development Board and our founding partners we have built a truly impactful and innovation-led platform to position Bahrain for years to come."

Khalid Humaidan, chairman of Bahrain Fintech Bay, added: “I would like to thank Khalid Saad for leading Bahrain FinTech Bay since its inception and we wish him all the best in his endeavors. Furthermore, I look forward to working with Khalid Dannish to take this important national initiative forward and strengthen Bahrain’s leadership in Fintech.”

Prior to Bahrain Fintech Bay, Dannish was a vice president at JP Morgan in London.

Bahrain Fintech Bay provides a physical hub to incubate scalable Fintech initiatives through innovation labs, acceleration programmes, curated activities, educational opportunities and collaborative platforms.

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