Working on the ‘ila Bank project’ from inception
through to its launch, Mohamed brings to this role extensive local and
international experience in banking, investments and digital transformations.
Prior to this appointment, Mohamed served as the COO of ila Bank. Previously,
he played a key role in several Group level initiatives including the
establishment of Bank ABC’s DIFC office, upgrade of its Singapore office, and
the launch of B-wallet, and acquiring POS machines for Bank ABC’s digital payments
Commenting on the appointment, Sael Al Waary, the
Deputy Group CEO of Bank ABC said: “Mohamed’s journey at Bank ABC exemplifies
our commitment to promote growth from within. I am confident Mohamed will
successfully lead ila Bank’s young and dynamic team to push boundaries and
promote smart banking in Bahrain.”
On his new mandate, Mohamed said: “I am grateful for
the confidence Bank ABC has had in me over the last five years. I am extremely
proud of this Bahrain-born brand and the phenomenal team we have built so far.
ila has exciting things planned for the year that will set new benchmarks in
the region’s retail banking industry and we envision to champion the digital
retail landscape in Bahrain and the wider region.”
Before joining Bank ABC, Mohamed was a Senior
Associate with the investment bank, Perella Weinberg Partners, in New York. He
holds a B.Sc. in Finance and Accounting from the Wharton School of Business,
University of Pennsylvania, United States.
For two years in the making, ila - a smart, intuitive,
agile mobile-only Bank - was conceived to offer seamless banking experiences
that reflect modern lifestyles, address financial pain points and accelerate
inclusion, through its accessibility on ubiquitous smart devices as well as its
lowest income threshold to open an account in the market.
ila Bank is a digital, mobile only banking entity in Bahrain powered by Bank
ABC, MENA’s leading international bank. Aided by artificial intelligence and
data analytics, the intuitive app is designed to appeal and serve a wide
section of users ranging from millennials and older age groups to blue collar
workers. The app’s current offerings include completely digital onboarding,
instant virtual card for online transactions, physical debit card,
multi-currency account and a current account that offers interest without a
minimum balance or tenure. ila app is available for download on Google Play and
Apple App stores. For more information, visit https://www.ilabank.com and follow ila Bank on social media @ilabankbhr.