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Mon 21 Dec 2015 07:07 PM

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Gulf International Bank says new CEO to take helm in February

Former Saudi central bank senior official Abdulaziz Al Helaissi is named as new chief executive

Gulf International Bank says new CEO to take helm in February
(Photo for illustrative purposes only)

Gulf International Bank has appointed Abdulaziz Al Helaissi as chief executive, effective February 1, 2016, the Bahrain-headquartered lender said in a statement on Monday.

Helaissi, the former deputy governor of supervision at Saudi Arabia's central bank (SAMA), takes over as chief executive from Yahya Al Yahya, it said.

Prior to SAMA, he held senior leadership positions at banks in Saudi Arabia including JP Morgan Chase, the Saudi British Bank, Arab National Bank, and Saudi Hollandi Bank.

GIB is owned by the six Gulf Cooperation Council countries, with Saudi Arabia's Public Investment Fund being the major shareholder.

In addition to its main subsidiaries - London-based Gulf International Bank (UK) Ltd and Riyadh-based GIB Capital, it has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with representative offices in Dubai and Beirut.

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