KHALIL Nooruddin, a seasoned banker with over 35 years of experience, has been appointed as Managing Director & Chief Executive Officer of Bank Alkhair. Nooruddin will be responsible for overseeing the day- to-day operations of the bank as well as its subsidiaries and for developing and executing the Group's turnaround strategy. Prior to joining Bank Alkhair, Nooruddin served numerous international and regional institutions in an executive, board and advisory capacity, including Chase Manhattan Bank, Union Bank of Switzerland, Investcorp, Gulf International Bank, Ithmaar Bank and Alpine Wealth Management. Nooruddin is the founder of Capital Knowledge, a financial consulting and training institute, where he continues to serve as a visiting instructor. He previously headed the Bahrain Institute of Banking and Finance for two and a half years. Nooruddin is a chartered financial analyst, and holds a Master of Science degree from New York University (NYU), USA and a Bachelor of Science degree from the University of Petroleum and Minerals (UPM), Saudi Arabia. Yousef Al-Shelash, Chairman of Bank Alkhair, said: “The appointment of Mr. Nooruddin, who brings to the bank in-depth investment banking experience, as MD & CEO is an important step to ensure Bank Alkhair's continued growth and development, and we are pleased to welcome him to the bank. Bank Alkhair took concrete measures over the past year to safeguard its financial position, including streamlining its operations in Bahrain and Turkey and enhancing the Group's corporate governance and risk management functions.” – SG
