Kuwait's Gulf Bank names new CEO

Gulf state's fourth largest lender says it has appointed Cesar Gonzalez-Bueno as chief exec
Kuwait's Gulf Bank names new CEO
Gulf Bank Kuwait
By Reuters
Tue 18 Mar 2014 02:00 PM

Kuwait's Gulf Bank said on Tuesday it has appointed Cesar Gonzalez-Bueno as new chief executive officer, replacing Michel Accad who resigned in October last year.

The bank said in a statement on the Kuwaiti bourse that Bueno's appointment was effective emmidiately, without giving any further details.

Former chief executive Accad had resigned from his post for personal reasons and left the bank in January this year.

The bank, Kuwait's fourth-largest lender, reported a 4 percent rise in 2013 net profit at KD32.16 million ($113.94 million), compared with KD30.89 million in the same period a year ago.

National Bank of Kuwait's long-serving CEO announced his resignation in December and his replacement took over earlier this month.

Last year National Bank of Abu Dhabi, Qatar National Bank and Dubai's Emirates NBD all announced new heads.

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