BAHRAIN-based Ibdar Bank has announced the appointment of Basel Al-Haj-Issa as the bank's new Chief Executive Officer with effect from Sept. 1, 2014. Al-Haj-Issa will play a leading role in driving business performance and strategic initiatives, supporting and advising the Board, a statement from the bank said. Chairman Paul Mercer, who made the announcement on behalf of the Board of Directors, said Al-Haj-Issa's skills and career history match the aspirations of Ibdar Bank. He has a distinguished record of accomplishment in the investment banking industry and strong international experience. His deep understanding of our markets and business partners' needs and his banking expertise will be invaluable in taking Ibdar Bank forward in these changing times to the next stage in its development. “We are confident Al-Haj-Issa's appointment, as Ibdar's CEO, will contribute to the bank's capabilities and leadership while strengthening its position in Bahrain and the region,” Mercer added. Al-Haj-Issa said: “I am very confident to say that we have the greatest potential to be a world class institution. I believe that diversification of products and services will develop the bank's position in its key markets.” – SG
