Bahrain-based Gulf International Bank BSC has hired Deutsche Bank AG’s CEO Jamal Al Kishi to become the new CEO of the parent company, Gulf International Bank B.S.C, Bloomberg reports.
Al Kishi will also become the deputy group CEO, GIB said in a statement seen by Bloomberg.
Al Kishi has been Deutsche Bank AG since 2017. He will help the lender to develop the right business structure and source talent across the group to “effectively execute our strategy for robust sustainable growth, said Abdullah Alabdulgader, GIB group chairman.
“GIB’s ability to attract such high caliber individuals reflects our unique standing and growth ambitions,” Alabdulgader added.
GIB, established in 1975, is owned by Saudi Arabia’s Public Investment Fund. It is a Middle Eastern merchant bank with a focus on the oil and gas industry. It has branches in New York, London and also in Riyadh and Jeddah.
